Archive News

2023
- January
- February
- March
2022
- January
- February
- March
- April
- May
- June
- July
- August
- September
- October
- November
- December
2021
- January
- February
- March
- April
- May
- June
- July
- August
- September
- October
- November
- December

Latest News

News

Open Consultation...24 March

Friday 24 March 2023

Proposed changes to the quarterly authorised deposit-taking institution statistical publications. Submit by 18 April 2023.

CP 367 Remaking ASIC Class Orders on financial requirements [CO 13/760], [CO 13/761] and ASIC Instrument 2022/449. Submit by 31 March 2023

CP 366 Proposed Amendments to the ASIC Derivative Tra...

By Kwame Slusher

What we are listening to this week: Investing in Testing

Friday 24 March 2023

With the Compliance Report due at the end of this month, we wanted to share a Dark Money Files episode looking at annual AML assessments and what is expected of regulated entities in the UK context.

This episode looks at the basics of cognition, higher-order levels of thinking and the limits of testing.

Join the conversation at our...

By Kwame Slusher

Still Facing the Culture Question (Revisited)

Friday 24 March 2023

GRC Professional Podcast · Still Facing The Culture Question

We decided to share this past episode on Risk Culture in anticipation of our upcoming podcast discussion on Conduct Risk.

How have conversations around culture changed over the last few years?

The GRC Professional Podcast caught up with D...

By Kwame Slusher

This week in Penalties: Or the Cost of Non-Compliance

Friday 24 March 2023

Former Insurance Broker Alliance Management Group Renato De Maria has to pay a $ 35 million penalty for misusing client funds between July 2016 and April 2021.

Allegations as listed on the ASIC website:

authorising three withdrawals totalling $7.9 million which were ultimately transferred back to Mr De Maria via a third party an...

By Kwame Slusher

FAR is Back

Friday 17 March 2023

The new accountability regime could apply to your organisation at the end of this year.

Last year, the financial industry readied itself for guidance on complying with the Financial Accountability Regime (FAR).

This month the bill has now been reintroduced to parliament for a third time.
The first time the bill was before parliament, ...

By Kwame Slusher

Open Consultations...17 March 2023

Friday 17 March 2023

CP 366 Proposed Amendments to the ASIC Derivative Transaction Rules. Submit by 29 March 2023
CP 367 Remaking ASIC Class Orders on financial requirements [CO 13/760], [CO 13/761] and ASIC Instrument 2022/449. Submit by 31 March 2023
Proposed changes to the quarterly authorised deposit-taking institution statistical publicati...

By Kwame Slusher

What We Are Listening To: Data Privacy and Informed Consent

Friday 17 March 2023

This week’s episode seems to fit right into the fact that the Attorney General published a review of the privacy legislation, and the Office of the Australian Information Commissioner announced their theme for this year's Privacy Awareness Week—Back to Basics.

Join the conversation with the Cyber Risk Discussion Group.

...

By Kwame Slusher

Talking Sanctions with Julian Hunn (revisited)

Friday 10 March 2023

With Sanctions breaches being one of the allegations being brought against Perth Mint by ABC's Four Corners report, we thought we would reshare this episode on sanctions:

GRC Professional Podcast · Talking Sanctions With Julian Hunn

In 2020,Financial Crime Expert, Julian Hunn spoke to the GRC Professional Podcast addressed ...

By Kwame Slusher

What we are watching: Tainted Gold

Friday 10 March 2023

This week we are watching ABC’s Four Corners: Tainted Gold.

The story of Perth Mint's non-compliance with Australia's Anti-Money Laundering and Counter-Terrorist Financing Act.

One of the significant compliance failures is failing to adequately look at the source of funds in their compliance management programs.

Last August, the Au...