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Friday 20 January 2017



Friday's Feature 




By Dr Bob Murray
 
We have a lot to learn about the psychology of risk. We know from very recent research that some of us are more genetically averse to risk, and many of us are the opposite. We used to think that men—you know, that old testosterone thing—were more prone to risk-taking than women. Now, we know that th...

By Kwame Slusher

Thursday 19 January 2017



Republished from the December 2016 edition of the Quarterly GRC Professional: The Rise of RegTech.




RegTech seems to be the new buzzword. While the term might be new, however, the philosophy of regulatory technology has been around as long as firms needed technological solutions to increasing regulatory costs. Regulations have doubled sin...

By Kwame Slusher

Republished from the December 2016 edition of the Quarterly GRC Professional: The Rise of RegTech.




Jeff Plein, Chief Operating Officer of Fullerton Fund Management, discusses the challenges that know your customer (KYC) and anti-money laundering (AML) legislation have introduced into the asset management industry, as well as solutions o...

By Kwame Slusher

Tuesday 17 January 2017




Last Year, the European Court ruled that the UK’s proposed Investigatory Powers Act is illegal.

The UK was in the process of passing legislation to allow regulatory and enforcement entities to maintain and investigate websites visited by people in the UK. The new Investigative Powers Act 2016, better known in the UK as the Snooper’s Charter,...

By Kwame Slusher



Friday's Feature 



Risk management is industry-agnostic. And, while business priorities for each industry may be different, all organisations need to have an effective risk management framework.

Risk levels for some industries are higher than for others. The positive here, however, is that industries can learn from one another to improve...

By Kwame Slusher

ASIC Media Release

The Australian Securities and Investments Commission (ASIC) is warning its Registry customers to be vigilant of scam emails purporting to be from ASIC.

We are aware some customers have received emails containing attachments or links to fake invoices. Fake emails may look different to ASIC emails and generally instruct the...

By Kwame Slusher

Wednesday 11 January 2017

Republished from the December 2016 edition of the Quarterly GRC Professional: The Rise of RegTech.



Though it has been stated that regtech is the new fintech, it is different in one fundamental aspect: it is not there to compete but to facilitate GRC frameworks in organisations and to make them more efficient.

According to Richard Gluyas at ...

By Kwame Slusher

ASIC Media Release

Tuesday 10 January 2017


Mr Peter Alan Gregg, the previous Chief Financial Officer of Leighton Holdings Limited (now CIMIC Group Limited), has been charged with two counts of falsifying company documents in 2011, contrary to s1307(1) of the Corporations Act 2001.

Mr Gregg is due to appear in the Downing Centre Local Cou...

By Kwame Slusher



Has the conversation changed when your organisation talks about data breaches?

Late last year, an ex-employee at the National Australia Bank (NAB) accidentally emailed names, addresses, BSB numbers, account numbers and even the NAB identification number of migrant account holders to an email address external to the organisation.

This result...

By Kwame Slusher

Friday 6 January 2017

OAIC Media Release

Statement by the Australian Information and Privacy Commissioner, Timothy Pilgrim


6 January 2017

My office has been in contact with the Department of Human Services (DHS) and the Office of the Commonwealth Ombudsman about this issue.

My office works closely with DHS and other government a...

By Kwame Slusher