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The Australian Securities regulator reminds regulated entities that as of 1 January of this claims handling and settling and ‘financial service’ and covered by the Australian Financial Services License (AFSL). 
 
Australian Securities and Investments Commission (ASIC) also reminds that if entities have to lodge a complete 30 June they will be i...

By Kwame Slusher


The latest commencement of proceedings against Westpac is just the latest chapter with the securities regulator on consumer credit insurance (CCI). 
 
“In addition to our enforcement action, ASIC has secured over $250 million of remediation for the consumers harmed by the practices of the offending lenders. The CCI remediation program covers 11 m...

By Kwame Slusher

Friday 9 April 2021



The Federal Court of Australia has ordered CBA to pay $ 7 million for misleading representations and conduct. 
 
The allegations made by the securities regulator Australian Securities and Investment Commission (ASIC):
 

  • provided customers with terms and conditions for certain credit facilities that stated an interest rate to be charged...

By Kwame Slusher

Friday 9 April 2021

From the Archives:




In this second edition of the 'meeting your basic obligations' series,  GRCI's own Strategic Stakeholder and Engagement Consultant Carole Ferguson and Managing Director Naomi Burley talk about licensing variations and some of the thin...

By Kwame Slusher





The GRC Professional Podcast takes a quick at the AML & Financial Crimes Congress 2021.

By Kwame Slusher

Friday 26 March 2021




GRC Institute Managing Director Naomi Burley and Strategic Engagement Consultant Carole Ferguson look at the growing regulatory risk coming from ASIC.

By Kwame Slusher




AML & Financial Crimes 2021 was virtual again!
 
Managing Director GRC Institute Naomi Burley started the morning by saying “Last year the theme was AML Governance” and the day was meant to be a continuation of that theme, but from the beginning of the congress Andrew Tuohy from the Australian Transactions and Reports and Analysis Centre (Aus...

By Kwame Slusher

Monday 15 March 2021




March 2020

In the early stages of the pandemic, exposed suspicious matter reporting(SMR) has created a brave new world for the reporting entities trying to meet their obligations during the pandemic that has an impact on some of the traditional onboarding processes.   the regulator identified some key areas that would be more vulnerable d...

By Kwame Slusher



Don't miss the AML & Financial Crime Congress 2021!

Click Here to register!

By Kwame Slusher

Wednesday 24 February 2021





GRC Institute Managing Director and Strategic Engagement Consultant Carole Ferguson define resilience in the context of GRC.

By Kwame Slusher