GRC Professional Podcast: Recent Episodes
Kwame Slusher
The GRC Professional Podcast is a production of the GRC Institute to help risk and compliance professionals keep up to date with industry news, new ideas and regulatory updates. GRC Institute Homepage: https://thegrcinstitute.org/
Grant Thornton Head of Risk and Compliance Jo-Anne Hayes talks about the importance of having privacy policies around the onboarding and use of digital, online tools, pilots and free trials.
Would your company pass the Fair and Reasonable Test?“People have started saying ‘well, we shouldn’t just be thinking about could-we, but we should be thinking about should-we. And I think if you bundle up fair and reasonable, if you bundle up privacy as a human right, if you bundle up potential rights to claim against companies, that should-we questions could be your north star and your guiding light until we have actual legislation to live by.” – Lyn Nicholson, General Counsel, Holding Redlich. The Australian government has agreed in principle to many recommendations made in the review of the Privacy Act—one of which is the fair and reasonable test, which will require regulated entities to make an impact assessment before collecting personal data for products or services. Holding Redlich General Counsel Lyn Nicholson talks about the potential impact of the fair and reasonable test because it might not be a bad idea to use it as a guiding principle even though it is not a requirement…. yet. Resources•Government response to the Privacy Act Review Report: https://www.ag.gov.au/rights-and-protections/publications/government-response-privacy-act-review-report#:~:text=In%20its%20response%20to%20the,to%20best%20protect%20this%20information•Dymocks confirms 1.2 million customers shared on the dark web in data breach: https://www.abc.net.au/news/2023-09-15/dymocks-confirms-1-million-customers-details-leaked/102863820•Data Breach could cost Medibank $ 35 million in 2024: https://www.itnews.com.au/news/data-breach-could-cost-medibank-35-million-in-2024-599566•Equifax fined $13.4 million following data breach: https://www.cshub.com/attacks/news/equifax-data-breach-fine
Are there cultural challenges in your organisation? How are you measuring them? Are your solutions proactive or reactive? Have you developed a psychologically safe workplace? Ombpoint Managing Director Lindall West stresses, the importance of proactively approaching people risk in organisations. Resources Respect@ Work: https://www.respectatwork.gov.au/ Anti-Discrimination and Human Rights Legislation Amendment (Respect at Work) Bill 2022: https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2223a/23bd027#:~:text=The%20purpose%20of%20the%20Anti,2020)%20(the%20Report). Ombpoint: https://ombpoint.com/organisations-are-auditing-their-culture-and-conduct-are-you/
CCL Consultants Principal & Australian Compliance Institute Course Facilitator Bronwyn Gallacher talks about the Treasury Laws Amendment (More Competition, Better Prices) Bill and the impact that the increased maximum penalties could have on Qantas and other matters after the royal assent of the amendment. ResourcesTreasury Laws Amendment (More Competition, Better Prices) Bill 2022: https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r6923ACCC Takes court action alleging Quantas advertised flights it had already cancelled: https://www.accc.gov.au/media-release/accc-takes-court-action-alleging-qantas-advertised-flights-it-had-already-cancelledRecord penalties of $438 million ordered against Phoenix Institute and CTI for acting unconscionably and misleading students: https://www.accc.gov.au/media-release/record-penalties-of-438m-ordered-against-phoenix-institute-and-cti-for-acting-unconscionably-and-misleading-students
GRC Solutions Head of Content Adrian Phoon talks about an upcoming webinar and future discussion groups to be conducted in conjunction with the Australian Compliance Institute. Register for The Compliance Webinar now!: https://thegrcinstitute.org/Events/eventdetail/2188Have your say on future topics: https://www.surveymonkey.com/r/L9BFKG5Event DescriptionThe Discussion Group will feature a range of guest speakers. The aim is to equip members with practical advice from subject matter experts and promote discussion and knowledge-sharing between peers. To launch the discussion group, we are offering a webinar event, that will be open to members and non-members. This webinar from 12-1pm on Monday 20 November. This is an opportunity for non-members to get an understanding of the topics we cover and how they might benefit from participating in discussion groups.
LexisNexis Head of Content Regulatory Compliance Kieran Seed, outgoing-Australian Compliance Institute CEO and Interim-Australian Compliance CEO discuss the state of financial crime-related risks and regulation through the lens of the Lexis Nexis Whitepaper, 2023-2024 AML-CFT Compliance Roadmap Leveraging ISO 37301.Download your copy of the 2023-2024 AML-CFT Compliance Roadmap Leveraging ISO 37301 now: https://www.lexisnexis.com.au/en/insights-and-analysis/research-and-whitepapers/2023/2023-2024-aml-cft-compliance-roadmapResources CPS 230 Operational Risk Management: https://www.apra.gov.au/operational-risk-managementAPRA and ASIC commence joint administration of the new Financial Accountability Regime: https://www.apra.gov.au/news-and-publications/apra-and-asic-commence-joint-administration-of-new-financial-accountabilityISO 37301: https://www.iso.org/standard/75080.html Related Financial Crime Podcasts AML & Financial Crime 2023 Wrap-Up: https://soundcloud.com/user-89551722-76965574/aml-financial-crimes-congress-wrap-up-1 AML & Financial Crime Congress 2022 & Sanctions: https://soundcloud.com/user-89551722-76965574/aml-financial-cirmes-congress-2022-sanctionsThinking about Board Education in AML Compliance: https://soundcloud.com/user-89551722-76965574/thinking-about-board-education-in-aml-complianceAML & Financial Crime Congress 2023 Presentation - Carolyn Hanson: https://soundcloud.com/user-89551722-76965574/aml-financial-crime-congress-2023-carolyn-hansonOther Related PodcastsShowing evidence in ISO37301: https://soundcloud.com/user-89551722-76965574/showing-evidence-in-iso-37301-draftThe Ecosystem of FAR: https://soundcloud.com/user-89551722-76965574/the-ecosystem-of-the-far-draft-2
alteredstate Director Craig Chappell talks about productivity, efficiency and getting more time back for yourself. Don’t miss the Productivity + Workshop: Workload and Workflow Mastery!Register Now: https://thegrcinstitute.org/Events/eventdetail/2187Event Details Productivity + Workshop: Workload and Workflow Mastery The Australian Compliance Institute is pleased to be able to provide access to this workshop by alteredstate for our members. With multiple competing priorities, juggling the compliance workload can be overwhelming and take up valuable time in itself. This workshop will help you manage the requests and demands on your time, freeing you up so you can achieve balance and clarity for your priorities. Balance is essential for your well-being, as the schedule for compliance deadlines only accelerates constantly. You need to be at your best to deliver your best. These workshops will take you through approaches to your workload and will be followed up by one-on-one coaching to ensure you are putting the lessons into practice. The structure of the sessions will be:•Workshop session one: 8 November – 10:30 am – 2:30 pm•Workshop session two: 15 November - 10:30 am – 2:30 pm1:1 Coaching to start after 20 November. Register Now: https://thegrcinstitute.org/Events/eventdetail/2187
"Documentation of accountability is just the starting point; it is imperative that you can demonstrate that it is embedded in the BAU of your organisations. And remember, as businesses evolve, role changes and go into different areas of accountability--it's quite dynamic."Adder Rock Consulting Principal Richard Sheldon looks at the ecosystem around the Financial Accountability Regime. Resources CPS 511 Remuneration: https://www.apra.gov.au/sites/default/files/2021-08/Final%20Prudential%20Standard%20CPS%20511%20Remuneration%20-%20clean_0.pdfCPS 230 Operational Risk Management: https://www.apra.gov.au/sites/default/files/2022-07/Draft%20Prudential%20Standard%20CPS%20230%20Operational%20Risk%20Management.pdfCPS 234 Information Security: https://www.apra.gov.au/sites/default/files/cps_234_july_2019_for_public_release.pdfFinancial Accountability Regime: https://www.apra.gov.au/financial-accountability-regimeIn Case You Missed It:Delegation of Compliance https://soundcloud.com/user-89551722-76965574/delegation-of-duty-in-compliance
The AML & Financial Crime Congress 2024: Connecting the Dots will be held on 15 May 2024.Until then, here is a session from this year's congress.At the AML & Financial Crime Congress 2023, Financial Crime Compliance Professional and Australian Compliance Institute member Carolyn Hanson discussed a practical approach to financial crime compliance in high-risk environments and jurisdictions.Enjoy!Register now for the AML & Financial Crime Congress 2024: Connecting the Dots - https://thegrcinstitute.org/Events/eventdetail/2185
Australian Compliance Institute Director Annette Donselaar closes GRC 2023 Conference in August, calling on risk and compliance professionals to step up.
Outgoing Australian Compliance Institute CEO Naomi Burley and Strategic and Engagement Consultant Carole Ferguson discuss the requirements of consolidating multiple member superannuation accounts under the SIS(ACT)through the lens of the Australian Securities and Investments Commission (ASIC)action against AustralianSuper.ResourcesASIC sues AustralianSuper over multiple superannuation accounts: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-249mr-asic-sues-australiansuper-over-multiple-superannuation-accounts/ASIC v AustralianSuper Concise Statement: https://download.asic.gov.au/media/tv1d2sli/23-249mr-concise-statement.pdfASIC warns super trustees to boost efforts to consolidate duplicate member accounts : https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-175mr-asic-warns-super-trustees-to-boost-efforts-to-consolidate-duplicate-member-accounts/
What are the limits of AI as a tool? What risks can AI pose to businesses?KartaSoft CEO James Worsfold and KartaSoft Business Analyst David Golding explore key AI benefits, risks and misconceptions. ResourcesSafe and Responsible AI - https://assets.kpmg.com/content/dam/kpmg/au/pdf/2023/safe-and-responsible-ai-in-australia-report.pdfNSW Artificial Intelligence Assurance Framework - https://www.digital.nsw.gov.au/policy/artificial-intelligence/nsw-artificial-intelligence-assurance-frameworkISO/IEC 23894 - https://aistandardshub.org/ai-standards/information-technology-artificial-intelligence-risk-management/A Parliamentary Inquiry Into Generative AI Closed in July - https://www.aph.gov.au/Parliamentary_Business/Committees/House/Employment_Education_and_Training/AIineducationDigital Platforms Regulators make Joint Submission on Safe and Responsible AI - https://www.oaic.gov.au/engage-with-us/submissions/dp-reg-joint-submission-safe-and-responsible-ai-in-australia-discussion-paperKartaSoft: https://www.linkedin.com/company/kartasoft/?originalSubdomain=au
Australian Compliance Institute CEO Naomi Burley talks about what to expect from the International Federation Compliance Associations Congress 2023. Register Now: https://thegrcinstitute.org/Events/eventdetail/2174International Federation of Compliance Associations: https://www.ifca.co/
Adder Rock Consulting Richard Sheldon addresses delegation of duty in a continuously evolving regulatory ecosystem. Podcast NotesFinancial Accountability Regime 2023: https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r6988RBC: https://www.rbcroyalbank.com/personal.htmlCPS 511: https://www.apra.gov.au/remuneration-requirements-for-all-apra-regulated-entitiesCPS 230: https://www.apra.gov.au/sites/default/files/2023-07/Prudential%20Standard%20CPS%20230%20Operational%20Risk%20Management%20-%20clean.pdfFrom Fires to Firewalls: APRA Member Therese McCarthy Hockey: https://www.apra.gov.au/news-and-publications/apra-member-therese-mccarthy-hockey-grc2023About Richard Sheldon is Risk, Governance & Compliance Specialist and a former Senior Executive of the world’s 10th largest Bank, Royal Bank of Canada. Richard has a 30-year track record of implementing AML, Compliance, Risk and Cultural programs to meet global regulations, optimising organisational structures, providing prudent advice and solutions to regulatory challenges. He has been instrumental in the development of risk, conduct & culture frameworks, reporting and governance structures to meet the increasing evidential obligations on financial institutions, including those relating to FAR, Whistleblowing, CPS 511 and CPS 230.
CCL Consultants Principal and and Australian Compliance Institute facilitator Bronwyn Gallacher talks about 10980NAT Graduate Certificate in Compliance & Risk Management - Weekly Delivery - LivestreamRegister Now: https://thegrcinstitute.org/Events/eventdetail/2183Course InformationThis certificate has been designed exclusively for senior GRC professionals looking to further develop their skills for career progression to the most senior level. Throughout this principles-based course, participants will tackle scenario-based challenges and be encouraged to creatively apply the skills learned to relevant and topical issues. Those who successfully complete this course will have the skills to excel in leadership positions.If you have completed the 10964NAT CertIV in Compliance & Risk Management, you only require an additional 3 years experience before completing this Graduate Certificate.Mode of Delivery- This course will be delivered on a weekly basis.- 10 sessions in duration. There will be weekly tutorials each Monday night via live stream, from 6:30pm-8:30pm (latest finish 9:00pm).Register Now: https://thegrcinstitute.org/Events/eventdetail/2183About the FacilitatorBronwyn Gallacher is a CCRP (Fellow) Founder, Managing Director and Principal Lawyer of CCL Consultants Pty Ltd (CCL). Bronwyn is also ALDI Stores Code Arbiter under the Australian Food and Grocery Code of Conduct, Competition and Consumer Act 2010.
Australian Compliance Institute CEO Naomi Burley talks about GRC 2023 Conference and the upcoming IFCA Congress.
Podcast Notes
2023 IFCA Congress: https://thegrcinstitute.org/Events/eventdetail/2174
International Perspective on ESG: https://thegrcinstitute.org/Events/eventdetail/2173
CPS 230: https://www.apra.gov.au/sites/default/files/2023-07/Prudential%20Standard%20CPS%20230%20Operational%20Risk%20Management%20-%20clean.pdf
FAR: https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r6988
Consultation Commences on AML/CTF Reforms: https://www.austrac.gov.au/consultation-commences-amlctf-reforms
Podcast Notes
Australian Compliance Institute CEO Naomi Burley and Strategic Engagement Consultant Carole Ferguson address challenges related to non-disclosure agreements, conflicts of interest and reputational risk in the context of PWC and the Australian Tax Office.
Further Resources
Ziggy Switkowski AO to lead independent review of PwC Australia: https://www.pwc.com.au/media/2023/ziggy-switkowski-leads-pwc-independent-review.html
ATO says millions in annual tax could have been lost due to PwC confidentiality breaches: https://www.abc.net.au/news/2023-02-16/australian-tax-office-million-scheme-pricewaterhousecoopers/101980548
Downfall and bankruptcy: https://www.britannica.com/event/Enron-scandal/Downfall-and-bankruptcy
Australian Compliance Institute CEO Naomi Burley talks about the GRC Conference: Step-Up.
Register Now: https://thegrcinstitute.org/Events/eventdetail/2139
GRC Institute CEO Naomi Burley and Strategic Engagement Consultant Carole Ferguson discuss greenwashing and the implications of the Australian Securities and Investments Commission’s (ASIC) litigation against Mercer and Vanguard Investments.
Mercer: First Court Proceeding in Greenwashing: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-043mr-asic-launches-first-court-proceedings-alleging-greenwashing/ Vanguard: ASIC commences Vanguard Investments: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-196mr-asic-commences-greenwashing-case-against-vanguard-investments-australia/
Info sheet 271: How to avoid greenwashing when offering or promoting sustainability-related products: https://asic.gov.au/regulatory-resources/financial-services/how-to-avoid-greenwashing-when-offering-or-promoting-sustainability-related-products/
Corporations Act 2001 Section 1013D: http://classic.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s1013d.html
Corporations ACT 2001 Section 1013DA: http://classic.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s1013da.html
Regulatory Guide 65 1013DA Disclosure Guidelines: https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-65-section-1013da-disclosure-guidelines/
Greenfluencers: https://www.forbes.com/sites/solitairetownsend/2022/12/09/greenfluencers-how-social-media-creators-are-becoming-sustainability-superheroes/
In this episode, GRC Institute ( soon to be the Australian Compliance Institute) CEO Naomi Burley discusses the reasons behind the upcoming name change, the new website, the Annual GRC Conference 2023 and the International Federation Compliance Associations (IFCA).
The AML & Financial Crime Congress 2023 has come and gone. Still, the subject matter expertise and shifts in the regulatory and legislative landscape will hopefully help financial crime compliance professionals build fit-for-purpose and ethical compliance frameworks that will ultimately play their part in protecting the Australian financial system.
GRC Institute CEO Naomi Burley touched on some critical topics at the annual event held on 14 June.
Resources:
• AML CTF Reforms Consultation Part 1 closed 16 June: https://www.austrac.gov.au/consultation-commences-amlctf-reforms
• National Anti-Scam Centre: https://www.austrac.gov.au/consultation-commences-amlctf-reforms
• Modern Slavery Act Review: https://www.austrac.gov.au/consultation-commences-amlctf-reforms
For Members Only
• GRC Institute Anti-Money Laundering Networking Group: https://thegrcinstitute.org/Events/eventdetail/2105
• GRC Institute Fraud & Scams Discussion Group: https://thegrcinstitute.org/Events/eventdetail/2105
The AML & Financial Crime Congress is less than a month away!The GRC Institute CEO Naomi Burley takes a high-level view of Australia's financial crime compliance landscape and gives a sneak peek at what to expect from the AML & Financial Crime Congress 2023 on 14 June.Click the link to register and join the conversation! https://thegrcinstitute.org/Events/eventdetail/2141
This episode is the first in our Frequently asked questions series! Here is where we publicly answer all Your Frequently Asked Questions!Let us know what you want to know!Resources•Here is a link to our courses! https://thegrcinstitute.org/events/eventtype/2•Join us next month for the AML & Financial Crime Congress. https://thegrcinstitute.org/Events/eventdetail/2141•Watch this space for updates on the Annual GRC Conference. https://thegrcinstitute.org/Events/eventdetail/2139
KPMG Director of Compliance and Conduct, Alex Ong, conducted workshops with GRC Institute Members looking at the trends and challenges that risk and compliance challenges that come with managing conduct risk.Alex talks to the GRC Professional Podcast about some critical issues related to conduct risk, common challenges and some misconceptions.
GRC Institute CEO Naomi Burley talks about the work that the GRC Institute will be doing to in 2023 to help compliance and risk professionals to get their jobs done. “Throw forward ideas, think that’s what really enjoyed last year, and we want to see more of this year, is members throwing in their opinions on things because I have to say our members are the leaders in this field so, you know, what you have to say in those discussion groups is absolutely valuable to all the other participants.”Check out some supporting resources, training, events and discussion groups mentioned in this episode of the podcast. AML & Financial Crime AML Financial Crimes Congress: https://www.thegrcinstitute.org/Events/eventdetail/2141AUSTRAC Compliance Reports: https://www.austrac.gov.au/business/how-comply-and-report-guidance-and-resources/reporting/austrac-compliance-reportsPodcast: AML & Financial Congress 2022 Sanctions Edition: https://www.thegrcinstitute.org/news/view/3193Training List of Training Courses: https://www.thegrcinstitute.org/events/eventtype/2FNSSS00010 AML & CTF Skill Set - Livestream: https://www.thegrcinstitute.org/Events/eventdetail/2129Compliance Management SystemISO 37301 Putting the Compliance Management Standard into practice and elevating your program: https://www.thegrcinstitute.org/Events/eventdetail/2152ISO 37301 Compliance Management Standard: https://www.iso.org/standard/75080.htmlPodcast: Culture in ISO 37301: https://www.thegrcinstitute.org/news/view/3070Conference & Publications GRC2023 Conference: https://www.thegrcinstitute.org/Events/eventdetail/2139GRC Institute Member Discussion Groups: https://thegrcinstitute.org/events/eventtype/3Podcast: GRC2022 Conference Highlights: https://www.thegrcinstitute.org/news/view/3249The First Practice Note: Assurance : https://thegrcinstitute.org/news/view/3296International Federation of Compliance Associations Podcast: IFCA International Compliance Conference: https://www.thegrcinstitute.org/news/view/3224
GRC Institute the CEO Naomi Burley and Strategic Engagement Consultant Carole Ferguson discuss enforcement action taken by the Australian Securities and investments Commission against Perpetual and the American Express related to inadequate Target Market Determination (TMD).
GRC Institute CEO Naomi Burley talks about some of the achievements of the GRC Institute.Related:Culture in ISO37301: https://www.thegrcinstitute.org/news/view/3070AML & Financial Crimes 2022: Sanctions Edition: https://www.thegrcinstitute.org/news/view/3193GRC 2022 Conference Highlights: https://www.thegrcinstitute.org/news/view/3249
KordaMentha Partner Alice Saveneh-Murray talks about the importance of board Education in Financial Crime Compliance.IntervieweeAlice Saveneh-Murray Partner | Financial Crime MelbourneAlice is a Partner in our Financial Crime team. She is an experienced leader and trusted advisor to the financial crime risk community and brings deep subject matter expertise and innovative strategies to support client engagements, Boards and a wide range of industry initiatives.
GRC Institute Compliance Professional of the Year for 2022 and MT ST. Michael's College Risk and Compliance Manager Gina Conde talks about the importance of resilience, empathy, emotional intelligence and honest self evaluation.
Bio Gina Conde
Gina is an experienced practising professional in risk management, internal auditing, compliance, and project management in medium and large commercial, government and not-for-profit organisations in Australia and overseas. At present, she is the Risk and Compliance Manager for Mt St Michael’s College in Brisbane, Queensland.
Compliance Professional of the Year for 2022 Renai Williams talks about her professional journey and what she thinks makes an effective compliance professional.
Arctic Intelligence CEO & Founder Anthony Quinn talks about some key findings from their second annual AML Benchmarking Report: https://arctic-intelligence.com/insights/blog/arctic-intelligence-launch-2022-aml-industry-benchmarking-report
Podcast Notes
Latest Independent audits: https://www.austrac.gov.au/news-and-media/media-release/austrac-orders-audit-sportsbets-and-bet365s-compliance-financial-crime-laws
Arctic Intelligence: https://arctic-intelligence.com/
Arctic Intelligence Launches 2022 AML Industry Benchmarking Report: https://arctic-intelligence.com/insights/blog/arctic-intelligence-launch-2022-aml-industry-benchmarking-report
Podcast: Risk Assessments with Anthony Quinn: https://thegrcinstitute.org/news/view/3015
GRC Institute Director Naomi Burley touches on some of the highlights from the GRC 2022 Conference.
Podcast Notes
Financial Accountability Regime : https://treasury.gov.au/consultation/c2022-311520
Cyber Resilience: https://asic.gov.au/regulatory-resources/corporate-governance/cyber-resilience/
Crypto assets: https://asic.gov.au/regulatory-resources/digital-transformation/crypto-assets/
Greenwashing: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-294mr-asic-acts-against-greenwashing-by-energy-company/
Climate and sustainability disclosures: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-161mr-asic-encourages-submissions-to-the-international-sustainability-standards-board-consultation-on-global-baseline-climate-and-sustainability-disclosures/
Risk Culture 10 Dimensions: https://www.apra.gov.au/risk-culture-10-dimensions
CPS 230 Operational Risk Management Resilience: https://www.apra.gov.au/sites/default/files/2022-07/Draft%20Prudential%20Standard%20CPS%20230%20Operational%20Risk%20Management.pdf
Austrac on Optus Breach: https://www.austrac.gov.au/optus-data-breach-working-our-reporting-entities Bullion Dealers: https://www.austrac.gov.au/business/industry-specific-guidance/bullion-dealers
Superannuation: https://www.austrac.gov.au/business/how-comply-guidance-and-resources/guidance-resources/australias-superannuation-sector-risk-assessment-2016
Preventing Exploitations of Emergency and disaster Support payments: https://www.austrac.gov.au/business/how-comply-guidance-and-resources/guidance-resources/emergency-disaster-support-payments
Ransomware and Crypto assets: https://www.austrac.gov.au/news-and-media/media-release/austrac-works-businesses-target-ransomware-and-criminal-use-digital-currencies
FINTEL Alliance : https://www.austrac.gov.au/about-us/fintel-alliance OAIC and Facial Recognition: https://www.oaic.gov.au/updates/news-and-media/oaic-opens-investigations-into-bunnings-and-kmart
Collection of Personal Data: https://www.oaic.gov.au/privacy/your-privacy-rights/your-personal-information/collection-of-personal-information AFCA Data Cube: https://www.oaic.gov.au/privacy/your-privacy-rights/your-personal-information/collection-of-personal-information
Quick Guides for Assurance( Members Only): https://thegrcinstitute.org/news/view/3219
How do you stay on top of all of your obligations in a world where regulators are increasingly interconnected?
Lifetime Member & Past GRC Institute Carolyn Hanson talks about regulatory overlap of obligations from a financial crime perspective.
Resources: AUSTRAC & CBA: https://www.austrac.gov.au/austrac-and-cba-agree-700m-penalty
CBA Prudential Inquiry Final Report: https://www.apra.gov.au/news-and-publications/apra-releases-cba-prudential-inquiry-final-report-and-accepts-enforceable
Austrac commences Proceedings against Crown: https://www.austrac.gov.au/news-and-media/media-release/austrac-commences-proceedings-federal-court-against-crown-melbourne-and-crown-perth Crown Perth royal commission finds casino giant unsuitable to hold WA’s only gaming licence : https://www.abc.net.au/news/2022-03-24/crown-unsuitable-to-hold-wa-casino-licence-royal-commission/100934322
Report finds that Star not suitable to run Sydney Casino: https://www.abc.net.au/news/2022-09-13/the-star-not-suitable-to-run-sydney-casino/101432734
Anti-Money Laundering Networking Group: https://www.thegrcinstitute.org/Events/eventdetail/2094
Podcast: Modern Slavery Edition: https://www.thegrcinstitute.org/news/view/2966
101 Series Personal & Sensitive Information
The GRC 2022 Conference addressed recent instances of the collection of biometric not meeting regulatory expectations from a consent, data collection or data storage context.
Do you understand personal and sensitive information under the Australian privacy legislation?
Managing Director and Founder of the CCL Consultants Bronwyn Gallacher addresses the issues around personal information and sensitive information under the Privacy Act.
This podcast is part of 101 Series for Compliance Professionals Month.
Resources: OAIC opens investigation against Bunnings and Kmart: https://www.oaic.gov.au/updates/news-and-media/oaic-opens-investigations-into-bunnings-and-kmart The Privacy Act: https://www.oaic.gov.au/privacy/the-privacy-act Personal Information and Sensitive Information: https://www.oaic.gov.au/privacy/guidance-and-advice/what-is-personal-information#:~:text='sensitive%20information'%20(includes%20information,of%20personal%20information)%5B3%5D Red Cross Blood Service Data Breach: https://www.abc.net.au/news/2016-10-28/red-cross-blood-service-admits-to-data-breach/7974036 Optus Breach and Cyber Resilience: https://www.thegrcinstitute.org/news/view/3230 The Three Lines Re-imagined: https://www.thegrcinstitute.org/news/view/3051
GRC Institute CEO Naomi Burley & Strategic and Engagement Consultant Carole Ferguson address the challenges cyber resilience in light of the recent Optus data breach.
Resources:
The 4 Cs : https://asic.gov.au/about-asic/news-centre/speeches/the-4cs-of-risky-business/
Court finds RI Advice failed to adequately manage cyber risks: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-104mr-court-finds-ri-advice-failed-to-adequately-manage-cybersecurity-risks/
Optus Cyber Attack: https://www.optus.com.au/about/media-centre/media-releases/2022/09/optus-notifies-customers-of-cyberattack
Optus Main Page: https://www.optus.com.au/
Consumer Data Right: https://www.cdr.gov.au/
Cyber Risk: Be Prepared: https://asic.gov.au/about-asic/news-centre/articles/cyber-risk-be-prepared/
REP 429 Cyber Health Check : https://asic.gov.au/regulatory-resources/find-a-document/reports/rep-429-cyber-resilience-health-check/
Corporations Act 2001: https://www.legislation.gov.au/Details/C2018C00031
Related Articles:
Credit Code Review, Data Breach: https://www.thegrcinstitute.org/news/view/3228
RI Advice Breach Licensing Requirements:https://www.thegrcinstitute.org/news/view/3148
This October is Compliance Professionals Month and it will kick off with he IFCA International Compliance Conference!
GRC Institute CEO Naomi Burley talks a little about the layout of this event.
Resources
IFCA International Compliance Conference: https://www.ifca.co/
Podcast: ESG & GRC : https://www.thegrcinstitute.org/news/view/3218
DISTANCE LEARNING: 10964NAT Certificate IV in Compliance & Risk Management: https://www.thegrcinstitute.org/Events/eventdetail/2043
GRC2022 Conference - Pulsepoints : Delivering Strategic Compliance: https://www.thegrcinstitute.org/Events/eventdetail/2093
GRC Institute Director Julian Hunn talks about the nexus of the ESG and the GRC.
Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October 2022 – please save the date in your calendar! https://thegrcinstitute.org/Events/eventdetail/2093
GRC Institute Director Elizabeth Moylan talks about the gap in the compliance market.
Resources
Royal Commission in to Financial Services: https://www.royalcommission.gov.au/banking#:~:text=The%20Royal%20Commission%20into%20Misconduct,into%20misconduct%20in%20the%20banking%2C
GRC Institute Courses: https://www.thegrcinstitute.org/events/eventtype/2
Macquarie Bank Compliance Statement : https://www.macquarie.com/au/en/disclosures/statement-of-compliance-macquarie-bank-limited.html#:~:text=Macquarie%20is%20committed%20to%20operating,(as%20permitted%20by%20IOSCO).
ISO 37301: https://www.iso.org/standard/75080.html
The Three Lines Reimagined: https://www.thegrcinstitute.org/news/view/3051
Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October: 2022: http://www.thegrcinstitute.org/Events/eventdetail/2093
GRC Director John Price Talks about his top 10 risks and how organizations can mitigate these risks and meet regulatory expectations.
Resources
The Work From Home Edition: https://www.thegrcinstitute.org/news/view/2940
How is Your Cyber Risk Management?: https://thegrcinstitute.org/news/view/3133
Deloitte State of Compliance : https://www2.deloitte.com/content/dam/Deloitte/au/Documents/audit/au-audit-state-of-compliance-survey-2022-110422.pdf
Prudential Inquiry into Commonwealth Bank of Australia : https://www.apra.gov.au/sites/default/files/CBA-Prudential-Inquiry_Final-Report_30042018.pdf
Financial Services Royal Commission: https://www.royalcommission.gov.au/banking
Looking at the Royal Commission Report: https://thegrcinstitute.org/news/view/3113
Banking Code Compliance Committee Annual Report 2020-2021: https://bankingcode.org.au/resources/bccc-2020-2021-annual-report/
GRC Institute Director Elizabeth Sheedy talks about the improving of transparency of CPS 511 Remuneration.
How executive remuneration responds to guidance : evidence from the Australian banking industry: https://researchers.mq.edu.au/en/publications/how-executive-remuneration-responds-to-guidance-evidence-from-the
Risk Governance: biases, blind spots and bonuses: https://researchers.mq.edu.au/en/publications/risk-governance-biases-blind-spots-and-bonuses
APRA Strengthens transparency remuneration and bank disclosures: https://www.apra.gov.au/news-and-publications/apra-strengthens-transparency-on-remuneration-and-bank-disclosures
Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October 2022: https://www.thegrcinstitute.org/Events/eventdetail/2093
GRC Institute Director Athena Efstratiadis speaks about GRC Professional skillsets and how they have evolved over the years.
Resources
Critical success factors for an effective implementation of the Three Lines of Accountability: https://www.thegrcinstitute.org/news/view/3051
Guidance on Breach Reporting: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2021-releases/21-235mr-asic-publishes-guidance-on-breach-reporting/
How to manage compliance risk and stay out the headlines: https://www.apra.gov.au/news-and-publications/how-to-manage-compliance-risk-and-stay-out-of-headlines
Compliance & Risk 101: https://www.thegrcinstitute.org/cmspages/page/578
GRC Institute Membership: https://www.thegrcinstitute.org/cmspages/page/1842
Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October 2022 – please save the date in your calendar!
Thomson Reuters Bureau Chief for the Asia Pacific Nathan Lynch talks about his book The Lucky Laundry which looks at the detrimental impacts of dirty money on people and institutions. The Lucky Laundry by Nathan Lynch can be found at your local bookstore!
Resources:
Record $45 million civil penalty ordered against Tabcorp: https://www.austrac.gov.au/record-45-million-civil-penalty-ordered-against-tabcorp
Austrac and CBA agree to $700 million penalty: https://www.austrac.gov.au/austrac-and-cba-agree-700m-penalty
Westpac ordered to $1.3 billion: https://www.austrac.gov.au/news-and-media/our-recent-work/westpac-penalty-ordered
AGS Helped on largest civil penalty in Australian corporate history: https://www.ags.gov.au/publications/news/AGS_AUSTRAC_largest_%20civil_penalty_in_%20Aust_history_6Jun18
Fintel Alliance: https://www.austrac.gov.au/about-us/fintel-alliance
APRA releases CBA Prudential Inquiry Final Report and accepts Enforceable Undertaking form CBA : https://www.apra.gov.au/news-and-publications/apra-releases-cba-prudential-inquiry-final-report-and-accepts-enforceable
APRA releases report on industry self-assessments into governance, culture and accountability: https://www.apra.gov.au/news-and-publications/apra-releases-report-on-industry-self-assessments-into-governance-culture-and
Royal Commission into misconduct in the Banking, superannuation and Financial Services Industry: https://www.royalcommission.gov.au/banking#:~:text=The%20Royal%20Commission%20into%20Misconduct,into%20misconduct%20in%20the%20banking%2C
Tranche too hard: Australia edges forward with glacial AML/CTF law reform agenda: https://insight.thomsonreuters.com.au/business/posts/tranche-too-hard-australia-edges-forward-with-glacial-aml-ctf-law-reform-agenda
AML/CTF ACT: https://www.austrac.gov.au/business/legislation/amlctf-act
Money transferred to and from overseas: International funds transfer instruction (IFTI) reports: https://www.austrac.gov.au/business/how-comply-guidance-and-resources/reporting/money-sent-overseas-itfi
Tipping off: https://www.austrac.gov.au/business/how-comply-and-report-guidance-and-resources/reporting/suspicious-matter-reports-smrs/tipping#:~:text=A%20breach%20of%20the%20tipping,effect%20on%2017%20June%202021.
Podcast: AML & Financial Crimes Congress 2022 Sanctions Edition: https://thegrcinstitute.org/news/view/3193
Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October 2022 – please save the date in your calendar!
GRC Institute CEO Naomi Burley and LexisNexis Head of Content Regulatory Compliance Kieran Seed discuss this year’s Annual AML & Financial Crimes Congress with an emphasis on the sanctions, sanction compliance and the perennial but volatile nature of sanction-related risks.
Resources Don’t know where to start with sanctions compliance? Here is a Complimentary Sanctions Compliance Checklist from LexisNexis. https://www.lexisnexis.com.au/en/insights-and-analysis/research-and-whitepapers/2021/complimentary-sanctions-checklist?utm_source=polaroid&utm_medium=aucorpsite&utm_campaign=21AUCRP59RCAURetailandSanctionsChecklistCampaign
Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October 2022 – please save the date in your calendar!
Strategic Engagement Consultant Carole Ferguson & GRC Institute CEO Naomi Burley discuss the new Internal Dispute Resolution Data Requirements.
IDR Data Handbook: https://download.asic.gov.au/media/0gsbyt3i/idr-data-reporting-handbook-published-30-march-2022.pdf
Thriving People Founder & Director Rebecca Christianson talks about to communicate effectively with Gen Y and Gen X employees.
Thriving People: https://www.thrivingpeopleconsulting.com/contact/
Financial Crime Professional & GRC Institute Director Julian Hunn looks broadly at the risks posed by virtual currencies and virtual assets.
Mentioned in Podcast FATF Guidance on Digital Currencies: https://www.fatf-gafi.org/media/fatf/documents/recommendations/Updated-Guidance-VA-VASP.pdf
Austrac Guidance on the Criminal Abuse of Digital Currencies: https://www.austrac.gov.au/business/how-comply-guidance-and-resources/guidance-resources/preventing-criminal-abuse-digital-currencies
APRA Guidance on the Risk Management Approach to Crypto Assets: https://www.apra.gov.au/news-and-publications/apra-sets-out-initial-risk-management-expectations-and-policy-roadmap-for
ABC’s Four Corners Report on Cryptomania: https://www.abc.net.au/4corners/crypto-mania:-behind-the-hype-of-cryptocurrencies/13906076
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Julian Hunn is a speaker at the AML& Financial Crimes Congress: https://www.thegrcinstitute.org/Events/eventdetail/2039
GRC Institute CEO Naomi Burley talks about what to expect from the AML & Financial Crimes Congress 2022 on 7 June.
Hope to see you there!
What Financial Crime-related risks are high on your risk radar? https://thegrcinstitute.org/Events/eventdetail/2039
Blackmores Group Compliance and Privacy Officer Eva Gleeson shares her compliance journey from Ireland to Australia and the challenges and opportunities that she faced along the way.
Protecht Research & Content Lead Michael Howell talks about benefits of documentation and certification in ISO 37301: Compliance Management System.
Protecht: https://www.protechtgroup.com/en-au/
LexisNexis: https://www.lexisnexis.com.au/en/homepage
Recommended Listening
Podcast: Culture in ISO37301: https://www.thegrcinstitute.org/news/view/3070
CCL Consultants Managing Director Bronwyn Gallacher talks privacy , consent, and compliance.
Mentioned In the Podcast Workplace surveillance act : https://www.oaic.gov.au/privacy/your-privacy-rights/employment/workplace-surveillance
Privacy Act : https://www.oaic.gov.au/privacy/the-privacy-act
QR Code Data Breach: https://iapp.org/news/a/massive-and-dangerous-data-breach-exposed-more-than-500k-qr-code-check-in-addresses-in-australia/#:~:text=More%20than%20500%2C000%20QR%20code,of%20the%20breach%2014%20Feb. Use of Security Cameras: https://www.oaic.gov.au/privacy/your-privacy-rights/surveillance-and-monitoring/security-cameras
QR Code Data Collection: https://www.oaic.gov.au/engage-with-us/consultations/guidance-for-digital-check-in-providers-collecting-personal-information-for-contact-tracing
Critical Infrastructure Bill: https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r6833
Resources https://www.thegrcinstitute.org/Events/eventdetail/2052
David Jacobson from Bright Law talks about changes in the Australian Payments Systems and the aim to close regulatory gaps and expand the definition of payments systems.
Resources Australian Payment Systems Review https://treasury.gov.au/publication/p2021-198587
David Jacobson follows the review in the Australian payments system https://www.brightlaw.com.au/payments-system-review-final-report/
Gadens Partner Dudley Kneller talks about the expectations that Australian Prudential Regulation Authority and Australian Security and Investments Commission around cyber security and cyber resilience.
Podcast Notes
Australian Prudential Regulation Authority on CPS 234 Information Security: https://www.apra.gov.au/sites/default/files/cps_234_july_2019_for_public_release.pdf
Australian Securities and Investments Commission on Cyber Resilience: https://asic.gov.au/regulatory-resources/digital-transformation/cyber-resilience/
RI Advice: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2020-releases/20-191mr-asic-commences-proceedings-against-ri-advice-group-pty-ltd-for-alleged-failure-to-have-adequate-cyber-security-systems/
Australian Signals Directorate: https://www.asd.gov.au/
Office of the Australian Information Commissioner: https://www.oaic.gov.au/
As the GRC Institute Alumni Group continue their project in the three lines pf accountability piece, Simone Azzopardi from PetSure discusses the opportunities and challenges of the implementing the three lines of accountability effectively in an organisation.
Podcast Notes
Three Lines Reimagined: https://www.thegrcinstitute.org/news/view/3051 Podcast: Improving the Three Lines: https://www.thegrcinstitute.org/news/view/2952 Podcast: Interrogating the Three lines: https://www.thegrcinstitute.org/news/view/2952
Happy International Women's Day!
GRC Institute CEO Naomi Burley talks about the CP350 Consumer Remediation submission and the further work done on the three lines of Accountability by the the GRC Institute Alumni Group.
References: CP 350: Consumer Remediation Submission: https://www.thegrcinstitute.org/news/view/3095
CP 350: Consumer Remediation Consultation: https://asic.gov.au/regulatory-resources/find-a-document/consultation-papers/cp-350-consumer-remediation-further-consultation/
Three Lines of Accountability: https://www.thegrcinstitute.org/news/view/3051
International Funds Transfer Instructions : https://www.austrac.gov.au/business/how-comply-guidance-and-resources/guidance-resources/international-funds-transfer-instructions-iftis-reporting
International Federation of Compliance Associations: https://www.ifca.co/
Podcast: Interrogating the Three Lines: https://www.thegrcinstitute.org/news/view/3004
Michelle Gibbings talks about about the impact of expectations , Hope Theory and Optimism.
Hunt & Hunt Principal & Partner Andrew Ham talks about Austrac Annual Compliance Report due March 31st, as well as future risks and potential legislative changes in the financial crime compliance space.
New GRC Director John Price talks a little about his experience and the importance of working with a team.
GRC Institute CEO Naomi Burley talks about GRCI/ Deloitte webinar held last year titled Culture of (and beyond ) compliance, which looked at the implications of the explicit mention of culture in the new ISO37301.
A recording of the webinar will be available on the GRC Institute website.
Compliance Frameworks Discussion Group: https://thegrcinstitute.org/Events/eventdetail/2035
New GRC Institute Board member Professor Elizabeth Sheedy talks about her professional journey and the importance of behavioural science.
Notes:
The Human Risk Podcast: https://www.human-risk.com/podcast
Risk Governance: Biases, Blind Spots and Bonuses: https://www.routledge.com/Risk-Governance-Biases-Blind-Spots-and-Bonuses/Sheedy/p/book/9780367642655
GRC Institute CEO Naomi Burley looks back on 2021.
AML & Financial Crime The AML & CTF Skill Set: https://www.thegrcinstitute.org/Events/eventdetail/2032
Graduate Certificate in AML & CTF: https://www.thegrcinstitute.org/Events/eventdetail/2033
Compliance Frameworks Compliance Frameworks Discussion: https://www.thegrcinstitute.org/Events/eventdetail/2035
Australian Financial Markets Association (AFMA): https://www.thegrcinstitute.org/Events/eventdetail/2035
Privacy Attorney General Review of the Privacy Act: https://www.ag.gov.au/integrity/consultations/review-privacy-act-1988
Climate Change Prudential Practice Guide CPG 229 Climate Change Financial Risks (CPG 229): https://www.apra.gov.au/news-and-publications/apra-releases-guidance-on-managing-financial-risks-of-climate-change
Speech: ASIC Commissioner Sean Hughes: https://asic.gov.au/about-asic/news-centre/speeches/corporate-governance-update-climate-change-risk-and-disclosure/
RBA Paper: Climate Change Risks to Australian Banks: https://www.rba.gov.au/publications/bulletin/2021/sep/climate-change-risks-to-australian-banks.html
AML & Financial Crimes Congress 2022 SAVE THE DATE: AML & Financial Crimes Congress 2022 – online: https://www.thegrcinstitute.org/Events/eventdetail/2039
Recent GRC Institute Graduate, Graeme Stevens, talks about his own shifting conception of compliance through his professional development journey.
More Information:
Follow this the link for the most up-to-date information about the latest Discussions Groups, Webinars and other events ; https://thegrcinstitute.org/events/eventtype
Executive Manager Risk & Compliance Consumer Distribution at Suncorp Group Jo Canavan talks about her professional development and the rewards of working with her team.
Jo's team was awarded the Risk Team of the Year at the GRC 2021 Conference.
Deloitte Australia Partner in Governance, Regulation & Conduct Deborah Latimer, who was awarded the GRC Institute's Lifetime Member Award, talks a little about her Governance, Risk and Compliance (GRC) journey and shares a few words of wisdom for those on their own GRC pathway. ( All this is done with the sound of a cat purring in background, which is a reminder about some of the continued challenges with working from home). 😸
GRC Institute CEO Naomi Burley talks about some of the key highlights from the GRC 2021 Conference.
Hope to see you at GRC2022 Conference?
GRC Institute Director Craig Greenwood talks about his compliance journey, the challenges of remote compliance and the importance of leveraging experience of veteran compliance professionals.
Events: GRC2021 Conference: https://thegrcinstitute.org/Events/eventdetail/1984
GRC Institute Director Elizabeth Moylan talks about her career journey and the impact of increased digitisation.
Related Event: GRC2021 Conference: https://thegrcinstitute.org/Events/eventdetail/1984
Related Podcasts:
Director Profile with Jamie Kelly: https://thegrcinstitute.org/news/view/3010
Director Profile with Julie Winkler: https://thegrcinstitute.org/news/view/2999
Interrogating the Three Lines: https://thegrcinstitute.org/news/view/3004
The Future of Privacy Compliance?: https://thegrcinstitute.org/news/view/3005
Expert is business and policy writing Vivienne Begg highlights the essential elements of writing contentious policy.
Related Podcasts Vaccine Policies & Compliance : https://www.thegrcinstitute.org/news/view/2982
Writing Effective policy documents with Vivienne Begg: https://www.thegrcinstitute.org/news/view/3016
Related Events Writing Compliance Documents That get Results: https://www.thegrcinstitute.org/Events/eventdetail/1982
GRC2021 Conference: https://www.thegrcinstitute.org/Events/eventdetail/1984
Related Article: Why you need to be able to write a good business case: https://thegrcinstitute.org/news/view/2382
Hunt & Hunt Lawyers Partner Andrew Ham talks about recent risk assessments released by The Australian Transaction Reports and Analysis Centre (Austrac) , and the potential impact in might have on reporting entities covered under the Anti-Money Laundering and Counter Terrorist Financing Act.
Mentioned in Podcast: Austrac Assessments: https://www.austrac.gov.au/news-and-media/media-release/austrac-releases-four-new-australian-banking-sector-risk-assessments
GRC Institute Anti-Money Laundering Networking Group: https://thegrcinstitute.org/Events/eventdetail/1401
Related Articles Assessments to be kept in Context: https://thegrcinstitute.org/news/view/2997
GRC Institute Director Jamie Kelly talks about his career journey in compliance .
GRC2021 Conference: https://thegrcinstitute.org/Events/eventdetail/1984
Gadens Partner Dudley Kneller talks about the recent fine meted out to WhatsApp by the Irish regulator for GDPR breaches.
Are there any implications for Australian businesses?
GRC2021 Conference: https://thegrcinstitute.org/Events/eventdetail/1984
Review of the Australian Privacy Act https://www.ag.gov.au/integrity/publications/submissions-received-review-privacy-act-1988-issues-paper
Australian Cyber Security Centre: https://www.cyber.gov.au/
GRC Institute Director Annette Donselaar talks about recent work that done in looking at establishing or re-establishing a definition in terms for the three lines model used in GRC.
GRC2021 Conference: https://thegrcinstitute.org/Events/eventdetail/1984
Mentioned in Podcast:
IIA Three Lines Model: https://www.iia.org.au/technical-resources/professionalGuidance/the-iia%27s-three-lines-model
GRC Institute Director Julie Winkler talks about her professional development and her career on the GRC Professional Podcast.
GRC2021 Conference Registrations: https://thegrcinstitute.org/Events/eventdetail/1984
GRC Institute CEO Naomi Burley talks about the upcoming IFCA conference and the importance of professional development .
Mentioned in podcast
IFCA Conference: https://www.ifca.co/congress-2021.html
Global Compliance and the Rule of Law: https://soundcloud.com/user-89551722-76965574/global-compliance-and-the-rule-of-law
This week the GRC Professional Podcast hosts a guest presentation from Phil Preston on purpose.
The rapid trend to purpose in business is driving a quantum shift in the way companies need to govern and manage themselves. What is this shift? How might it play out? In this podcast, Phil Preston, founder of The Business Purpose Project, provides insights into the trend and 5 key implications for governance and risk professionals.
Other Resources:
Business Purpose: https://businesspurposeproject.com/5-things-you-need-to-know-to-create-a-great-purpose-statement/
Business Purpose Assessment Tool: https://docs.google.com/forms/d/e/1FAIpQLSe-JXJ1CwT1PjML3ig6Stc8p4bXjH_WGdEH-6P0DdFOA4cGgw/viewform
GRC Institute CEO Naomi Burley talks about the GRC2021 Annual Conference: Raising the Bar- New thinking for new times.
This year the conference will be held virtually on the 28 -29 October.
Hope to see you there!
To register click here: https://thegrcinstitute.org/Events/eventdetail/1983
People + Culture Strategies founder and Managing Director Joydeep Hor talks about how Australian companies should consider approaching their vaccination policies.
To learn more about People + Culture Strategies follow this link: https://www.peopleculture.com.au/resources/
Unchained Solutions CEO Stephen Morse talks about focusing on more than just the supplychain when it comes to tackling Modern Slavery.
Resources: Unchained Solutions Industry Insights: http://unchainedsolutions.com.au
Modern Slavery Statement Review service is: https://img1.wsimg.com/blobby/go/431538d1-b580-477d-95c2-472b4c10d049/downloads/Unchained-Modern-Slavery-Statement-Review-Prom.pdf?ver=1627948946416
Colin Dixon from Jade ThirdEye talks about spotting anomalies in your transactions.
Further Resources:
Jade Third Eye Website: www.jadethirdeye.com/en-au/
Brochure: https://tinyurl.com/aavw72mu
E-book: The Case for Automating your AML Processes: https://www.jadethirdeye.com/resources/e-books/au/automated-aml-compliance-made-simple-au-ebook
Dr Angus Young from Hong Kong Baptist University talks about the Regtech boom in Hong Kong.
Financial Crime Risk Consultant & GRC Institute Director Julian Hunn considers some practical approaches and challenges to mitigating modern slavery risk in the supply chain.
The GRC Professional Podcast speaks to Ethixbase about using technology to help mitigate modern slavery risk exposure.
Click here to learn more about https://ethixbase.com/modern-slavery
The new international compliance standard ISO 37301 has been been published!
But how is it any different to ISO 19600?
GRC Institute Naomi Burley gives a quick run through about what has changed.
Link to ISO 37301: https://infostore.saiglobal.com/en-au/standards/iso-37301-2021-1221518_saig_iso_iso_2965283/
Related Podcasts:
Defining Role Clarity: https://thegrcinstitute.org/news/view/2925
Still Facing
GRC Institute Managing Director Naomi Burley talks about the new Financial Crime courses soon to be offered at the GRC Institute.
GRC Institute Managing Director Naomi Burley and Strategic Engagement Consultant Carole Ferguson look at the growing regulatory risk coming from ASIC.
Don't miss the AML & Financial Crime Congress 2021!
Click here to register: https://thegrcinstitute.org/Events/eventdetail/1938
Managing Director Naomi Burley and Strategic Engagement Consultant Carole Ferguson continue their discussion on resilience and what it means in the context of meeting regulatory expectations.
GRC Institute Managing Director and Strategic Engagement Consultant Carole Ferguson define resilience in the context of GRC.
This week's Podcast talks a little about the research on accountability by Professor Elizabeth Sheedy from Macquarie Business School.
Managing Director Naomi Burley and Strategic Engagement Consultant Carole Ferguson continue their discussion from last week on the the RG 271 Internal Dispute Resolution.
Carole Ferguson and Naomi Burley look at Internal Dispute Resolution in Part A of this podcast.
GRC Professional Podcast looks at the distribution-side of RG 274 with GRC Institute' s own Regulatory Expert Carole Ferguson and Managing Director Naomi Burley.
Last year, Santa...ahem...the Australian Securities and Investments Commission (ASIC) have left revised the RG 274 under the tree.
How's your product design and distribution compliance?
Revised Regulatory Guide: https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-274-product-design-and-distribution-obligations/
2020 has been an (insert any word other than unprecedented here) year.
The GRC institute the wishes you a Happy Holidays and we hope to see you next year.
LexisNexis Executive Director Regulatory Compliance Global, Myfanwy Wallwork talks about the Rule of Law and Global Compliance in 2020 and beyond
For more information: https://www.lexisnexis.com.au/en/products-and-services/regulatory-compliance/regulatory-compliance-international
Professor Elizabeth Sheedy gives teases results from research that focuses at the impact of accountability regimes on businesses.
Keep you eyes peeled on February 2021 on the GRC Institute Events page for the final dates and times for reveal of the final results.
GRC Institute Managing Director Naomi Burley talks to the GRC Institute about the 5-day IFCA 2020 Congress and the day championed by the GRCI.
IFCA: https://www.ifca.co/
GRC Institute Managing Director Naomi Burley talks about the highlights from the first Virtual GRC Conference.
The IFCA Congress is next week!
GRC Institute Managing Director Naomi Burley talks about the upcoming IFCA Conference and lessons that can be learnt from international experiences in compliance.
IFCA Congress: https://www.ifca.co/congress-2020.html
General Counsel and Chief Administration Officer, Chubb Life at Chubb Group of Insurance Companies, Annette Donselaar breaks down the concepts of the three lines of responsibility and role clarity.
GRC Annual Conference: https://grcconference.com.au/
Strategic Stakeholder Consultant Carole Ferguson and the GRCI Managing Director Naomi Burley talk about RG234 on advertising of financial products and how giving advertising companies free reign can result in a threatening letter from ASIC.
RG234: https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-234-advertising-financial-products-and-services-including-credit-good-practice-guidance/
In this episode of GRC Professional Podcast GRC Institute Managing Director Naomi Burley & Strategic Stakeholder Consultant Carole Ferguson look at the issue of remediation how it has been impacted by the pandemic.
Resource: Changes to regulatory work and priorities in response to COVID-19: https://asic.gov.au/regulatory-resources/find-a-document/regulatory-document-updates/changes-to-regulatory-work-and-priorities-in-response-to-covid-19/
GRC Institute Managing Director Naomi Burley talks about:
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Upcoming IFCA Conference: https://www.ifca.co/
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International Compliance Standard
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GRC Conference: https://www.grcconference.com.au/
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A link to recording of Responsible Lending Webinar will be shared once it has been published
GRC Institute Managing Director Naomi Burley and LOD Executive Legal Counsel Andrew Ham reflect on the AML & Financial Crimes Congress 2020.
The GRC 101 Series is back with Carole Ferguson and Naomi Burley looking RG234:Advertising Financial Products and Services and what this means for the Australian Financial Services.
In the GRC Professional Podcast Managing Director Naomi Burley and GRCI's Strategic Stakeholder and Engagement Consultant look at the risks of not getting Board minutes right.
Corporations Act 2001 Section 251A; http://www5.austlii.edu.au/au/legis/cth/num_act/ca2001172/s251a.html
Non-Financial Risks Report: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2019-releases/19-271mr-asic-releases-report-on-director-and-officer-oversight-of-non-financial-risk/
CBA Chairman Catherine Livingstone Royal Commission Testimony: https://www.youtube.com/watch?v=0Pg912z3_x8
The GRC Professional Podcast speaks to GRCI Managing Director Naomi Burley about the Annual GRC Conference to be held on 5th and 6th of November this year.
Click here to to learn more about GRC 2020 Conference: https://www.grcconference.com.au/
The GRC Professional Podcast Speaks to Bronwyn Gallacher from the CCL Consultants about how organisations are meeting their privacy obligations during the pandemic.
In this sponsored interview, GRC Professional Podcast speaks to Paul Bristow who is the Business Manager Microsoft Solutions at TAS about the Modern Workplace.
To learn more about TAS' new Modern Workplace eBook, click here: https://tas.business/resources/?CID=TASModernWorkplaceeBook
The GRC Professional Podcast speaks to Julian Hunn from Deloitte about the rise in fraud and scam reporting.
The GRC Professional Podcast speaks with Bronwyn Gallacher from CCL Consultants about what has been happening in the Australian Competition landscape.
The GRC Professional Podcast spoke to Dr Angus Young from Hong Kong Baptist University about the political risks that have been posed by the Chinese Security Law and the Hong Kong protests and the impact that has on GRC.
The GRC Professional Podcast speaks to Dr. Angus Young from Hong University about the challenges of AML compliance in Hong Kong in a time of crisis.
**Correction: Correct title in Dr Angus Young
Click here to register for the AML & Financial Crimes Congress: https://www.thegrcinstitute.org/Events/eventdetail/1857
In this clip from this week's podcast GRC Institute Managing Director talks about what to expect from the AML & Financial Crimes Congress on June 30th.
Register here: https://www.thegrcinstitute.org/Events/eventdetail/1857
The GRC Professional Podcast speaks to the GRC Institute Managing Director Naomi Burley about issues from the Remote Compliance Networking Discussion Group, Updates from the ASIC Regtech Liasion Meeting and the final date for the AML & Financial Crimes Congress (June 30th, by the way).
AML & Financial Crimes Congress- https://www.thegrcinstitute.org/Events/eventdetail/1857
The GRC Professional Podcast speaks to the GRC Institute Managing Director Naomi Burley about the perception of compliance versus reality.
The GRC Professional Podcast talks to the Dr Bob Murray form Fortinberry Murray about the what GRC influence might look like during current crisis.
For more on the work of Fortinberry Murray (or just more about the health benefits of merlot) visit https://www.fortinberrymurray.com/
Happy Listening!
In this edition of the GRC Professional Podcast, Managing Director, Naomi Burley looks at the the Institute of Internal Auditors' push for more influence on the boards of banks and other financial institutions, misconceptions of how the three lines might work in an organisation, and what needs to change in the way the three lines are implemented so that there are better outcomes in future.
Happy Listening!
The GRC Professional Podcast speaks to Julian Hunn from Deloitte about BCPs, employee wellbeing, a rise in scams and the added challenge to transaction monitoring.
Happy Listening!
The GRC Professional Podcast speaks to Naomi Burley Managing Director of the GRC Institute about:
- The new compliance management system which is in draft form
- The potential timeline of publication *The benefits and limitations of certification
The GRC Institute spoke to Vivienne Begg, Structured Writing Expert, about choosing the appropriate form of communication for the situation.
In this edition of the GRC Professional Podcast we spoke with Corie Davy, Control Risks Partner for the Asia Pacific, about risk modelling and risk registers during this global crisis.
Links mentioned in this podcast:
Control Risks Covid-19 Page: https://www.controlrisks.com/covid-19
About
Cory Davie is the head of the Control Risks business and the client services team for Australia Pacific. She leads the client engagement across Australia Pacific based clients, supporting Australian companies as they look to enter new markets, strengthen their compliance and resilience and manage critical business issues. Prior to joining the Sydney team, Cory headed up the client team in Control Risks’ London headquarters, where she led the oil and gas sector for Europe and Africa.
The the GRC Professional talks with the GRC Institute Managing Director about the shape of GRC events to come and how some of our major events will be moving online.
Happy Listening.
The GRC Professional Podcast speaks with Adrian Phoon and Julian Fenwick from GRC Solutions about their short working from home courses.
If you haven't checked them out already: https://grcsolutions.com.au/workingfromhome
Important!
Austrac is accepting compliance reports up to June 30th!
See Austrac releases here: https:https://www.austrac.gov.au/about-us/our-recent-work/covid-19-update-compliance-report
The GRC Professional caught up with Andrew Ham of LOD Executive Legal Counsel Risk & Compliance speaks about the potential impact that the current 'situation' might have on AML compliance and the annual compliance report.
Happy Listening!
In this edition of the GRC Professional Podcast Sarah Ewen from Public Speaking For Life addresses the challenges of effective communication while working from home (WHF).
The GRC Institute is currently exploring alternative methods to face to face delivery.
Event GRC Event--Presenting with Confidence: https://www.thegrcinstitute.org/Events/eventdetail/1893
More Information To find out more about the Pubic Speaking for Life: https://www.publicspeakingforlife.com.au/
The GRC Professional Podcast caught up with the GRC Managing Director Naomi Burley to chat little about the impact of Covid-19.
Podcast Highlights
“From a strategic conduct point of view, there is a whole other piece that you need to plan for to emerge out of this in six months’ time ready to deal with the new landscape that will be there. I think that you already had cautious customers in light of the Royal Commission--you’re going to have really bruised and battered and super cautious customers at the end of it,” Naomi Burley, Managing Director, GRC Institute.
The temporary postponement of the AML & Financial Crimes Congress and other events.
Main Topics Emerging risk and compliance challenges
Opportunities in the risk and compliance space
Useful Links:
GRCI Courses: https://www.thegrcinstitute.org/events/eventtype/2https://www.thegrcinstitute.org/events/eventtype/2https://www.thegrcinstitute.org/events/eventtype/2https://www.thegrcinstitute.org/events/eventtype/2
LEXis Nexis Resources : https://www.lexisnexis.com.au/en/COVID19
The GRC Professional Podcast speaks with Anthony Quinn from Arctic Intelligence about the fundamentals of risk assessments in 2020.
Event
Don't miss out on the AML & Financial Crimes Summit on at the end of April where you can get your free print copy of the Financial Crime Edition of the GRC Professional Magazine . Go to the GRC Institute Events Page for more information: https://www.thegrcinstitute.org/Events/eventdetail/1857
The GRC Professional Podcast Speaks to the Anthony Quinn from Arctic Intelligence about the important role that Governance can play in a compliance program.
The GRC Professional Podcast Speaks to Public Speaking for Life Co-founder, Sarah Ewen, about the usefulness of of public speaking and the associated skills for risk and compliance professionals.
The GRC Professional Podcast speaks to the Vivienne Begg again, an in expert structured writing, about some of the top skills GRC professionals should be learning in 2020.
What are some of the most challenging documents that you have to write in your day to day?
GRC Course:
Don't miss out Writing compliance Documents to get results: https://www.thegrcinstitute.org/Events/eventdetail/1882
Happy New Year!
Managing Director Naomi Burley and our Regulatory expert Carole Ferguson look at obligations around complaints handling and future obligations of RG 165.
Regulatory Guide 165 as it was 2018: https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-165-licensing-internal-and-external-dispute-resolution/
MD Naomi Burley and the our resident regulatory expert Carole Ferguson look at the grey areas between personal and general advice and the reason why compliance should be more involved.
ASIC action on general and personal advice: https://www.professional.org.au/single-post/2019/02/20/Regulator-to-focus-personal-and-general-advice
Public perception of financial advice: https://www.professional.org.au/single-post/2019/08/28/The-value-in-financial-advice
The GRC Professional Podcast spoke Managing Director Naomi Burley about the first ever Point Of View session done in partnership with Deloitte last week Wednesday.
This session featured ASIC's Mark Adams to get the regulator's view and their own involvement with the Regtech.
Links and other stuff: More information about ASIC's engagement with regetch technology: https://asic.gov.au/for-business/innovation-hub/asic-and-regtech/
For more information about the next Point of View Event being held in partnership with Deloitte in Melbourne on the 16th: https://www.thegrcinstitute.org/Events/eventdetail/1881
Work on the the ISO compliance management system is under way and is expected to be rolled out some time later next year. MD Naomi Burley talks about the ISO meeting held in India earlier this year.
The GRC Institute (GRCI) is launching the first Point of View Forum pinpointing critical issues, concerns and opportunities that affect risk and compliance professionals.
To learn more about the Point of View Forums follow this link: https://www.thegrcinstitute.org/Events/eventdetail/1880
Yep! Another hand propping Jenga tiles.
Managing Naomi Burley is on the GRC Professional Podcast once again discussing the Non-Financial Risks series picking apart some of the critical learnings form the ASIC report and what are some of the ways that members can effectively mitigate these risks regardless of which sector they are apart of.
Related Links: If you haven't memorised it already here is a link to the ASIC report: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2019-releases/19-271mr-asic-releases-report-on-director-and-officer-oversight-of-non-financial-risk/
Brett Flower from ELCA talks to the GRC Professional about non-financial risks: https://www.professional.org.au/single-post/2019/10/28/Podcast-Non-Financial-Risks
Article on the implications of the non-financial risks report: https://www.professional.org.au/single-post/2019/10/04/Tackling-non-financial-risks
Some more on Non-financial risks: https://www.professional.org.au/single-post/2019/10/10/More-on-Non-financial-Risks
How is your Non-financial risk monitoring?: https://www.professional.org.au/single-post/2019/06/05/How-is-your-non-financial-risk-monitoring
The GRC Professional caught up with the GRC Institute Managing Director Naomi Burley to look back at were some of the key highlights from the conference.
What are some of the topics that you would like to see at the 24th GRC2020 Conference?
For photographs from the conference click here: https://www.professional.org.au/single-post/2019/11/06/Podcast-GRC-Conference-Wrap-up
The GRC Professional caught up up with Brett Flower again to get a governance perspective on ASIC's Non-financial risks report, and why this is so hard for organisations to get right.
Also read Tackling Non-Financial Risks: https://www.professional.org.au/single-post/2019/10/04/Tackling-non-financial-risks
and, More on Non Financial Risks: https://www.professional.org.au/single-post/2019/10/10/More-on-Non-financial-Risks
Podcast Listen to the GRC Professional chat with Brett Flower about good governance with SMEs: https://www.professional.org.au/single-post/2019/05/08/Podcast-Brett-Flower-Talks-SMEs-Good-Governance
The GRC Professional talks to the GRCI RTO manager John Saunders who sheds some light in some of the compliance challenges in professional development sector and the relationship between training organisations and their regulator.
Just before the conference the GRC Professional got an opportunity to sit down with Managing Director Naomi Burley about meeting of the International Federation of Compliance Associations (IFCA) was held in Johannesburg.
2018 IFCA Podcast: https://soundcloud.com/user-89551722-76965574/naomi-burley-on-ifca-and
IFCA: http://www.ifca.co/
The GRC Professional speaks to YourCall CEO Nathan Luker about what has changed in conversations around whistleblowing and the importance of having whistleblower champion.
This podcast previous interview with Nathan Luker on the podcast , we talked about what a whistleblowing framework should look like: https://www.professional.org.au/single-post/2019/04/10/Podcast-What-does-your-Whistleblowing-Framework-look-like
Click on the link to learn more about YourCall: https://www.whistleblowing.com.au/
This conversation on conflicts of interest picks back up between Managing Director Naomi Burley and Strategic Stakeholder and Engagement Consultant Carole Ferguson about the processes around (COI).
Conflicts of Interest Part A: https://soundcloud.com/user-89551722-76965574/conflicts-of-interest-part-a-with-naomi-and-carole-ferguson
GRC Annual Conference Registration: https://www.grcconference.com.au/
The GRC Professional Podcast speaks to Phil Preston about the relationship between trust, collaboration and psychologically safe environments.
Enjoy!
Phil Preston : https://philpreston.com.au/
GRCI MD Naomi Burley and strategic Stakeholder and Engagement Consultant Carole Ferguson return to the GRC Professional Podcast to discuss some of the challenges around Conflicts of Interest.
Links of interest: RG 181 for managing conflicts of interest https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-181-licensing-managing-conflicts-of-interest/
N.B. February 17th 2020- The FATF Mutual Evaluation report mentioned in the podcast is still pending.
The GRC Professional Podcast caught with our regular AML expert Andrew Ham to discuss Austrac's approach to money transfers and remittances.
If you have a position on the remittances and money transfers, or any general perspectives on Austrac's regulatory or enforcement approach, please email kwame.slusher@thegrcinstitute.org
The GRC Professional chats with the GRC Institute Managing Director Naomi Burley about some of the takeaways from the Technology in Government Conference in Canberra earlier this which looked at Cyber Security and Digital Identity from the perspective of the public sector.
Any thoughts on the development of the Cyber security and or digital identity in the public or private sector? email kwame.slusher@thegrcinstitute.org
The GRC Professional speaks to Bronwyn Gallacher from CCL Consultants about consent, data collection and the importance of privacy policies in the context ACCC's approach to digital platforms and the data collections.
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 things that organisations might get wrong.
Do you have a position on dealing with licensing variations? Email at kwame.slusher@thegrcinstitute.org .
In this edition of the GRC Professional Podcast Anthony Quinn founder of Arctic Intelligence addresses the concepts of 'explainability' and 'defendability' in the context of AML/CTF risk and compliance frameworks.
Why risk are risk assessments so hard to get right in the financial crime compliance space and what can be done about it? Email kwame.slusher@thegrcinstitute.org with your thoughts.
The GRC Professional speaks to Tony Beaven from Elders Financial about some of the challenges embedding the right culture and some the the tactics that he has used to drive the right kind of culture.
What have been some of the challenges you have faced when trying to implement the right kind of culture in your organisation? Email me at kwame.slusher@thegrcinstitute.org
In this edition of the GRC Professional Podcast the GRC Professional speaks to the Albrecht Compliance Consulting founder, Evelyne Albrecht, about how organisations can overcome change fatigue in a time where there seems to be more change than ever.
How does your organisation deal with change? Email me at kwame.slusher@thegrcinstitute.org to share your story on how your organisation has handled tremendous change and what were some of the challenges that you faced.
The GRC Professional caught up with Professor Elizabeth Sheedy from Macquarie University about the roles of ASIC and APRA in changing organisational culture.
Do you agree with Professor Sheedy about the positive role the Elizabeth Arzadon, and more like herself, can play improving culture at board level or do you think that having an organisational psychologist in that position is problematic?
Have your say by commenting on the podcast or emailing me at kwame.slusher@thegrcinstitute.org
Join the conversation!
The GRC Professional caught with the Dr Angus Young from Hong Kong Baptist University to talk about how ICAC is driving the regulatory environment in Hong Kong.
Enjoy!
Have a perspective ICAC in Hong Kong or interested in looking at the powers of the ICAC in Australia? Email kwame.slusher@thegrcinstitute.com.
In this edition of the GRC Professional Podcast GRCI Managing Director Naomi Burley speaks to GRCI Stakeholder and Engagement Consultant Carole Ferguson about some of the fundamental breach reporting obligations.
If you have any scenarios that you would like to see in the the next part of this ASIC obligations series please @ kwame.slusher@thegrcinstitute.org .
Hope you enjoyed another special edition of the GRC Professional Podcast.
In this special edition the GRC Professional Podcast and the Culture Bites Podcast we take on the difficult but necessary discourse around culture by talking to David Byrum from Human Synergistics who shared his views on how recent events have impacted the way entities approach corporate culture.
You can learn more about Human Synergistics and Culture Bites here: https://www.human-synergistics.com.au/\
The GRC Professional speaks to Calvert Duffy, owner and principal of compliance consultancy about the Royal Commission and the banning of trailing commissions for mortgage brokers.
The GRC Professional caught up with Dr Bob Murray from FortinberryMurray to discuss what has changed since the Royal Commission into Banking, Superannuation and the Financial Services and what that has meant or might mean for risk and compliance professionals.
The GRC Professional chats with Andrew Ham who works at Lawyers on Demand Asia Pacific and is a consultant at AML Experts, about some of the lessons learned from the Annual Austrac Compliance Report.
The GRC Professional caught up with Vivienne Begg, an expert in structured writing, and discussed some fundamental elements in policy writing and writing board papers.
The GRC Professional discusses to GRCI Managing Director soem of the key takeaways from the ASIC Forum Last week.
The GRC Professional catches up with Managing Director Naomi Burley to get a snapshot of some of the key themes from this year's AML & Financial Crimes Congress 2019.
Enjoy!
The GRC Professional catches up with Brett Flower, Managing Director, Ethical Leadership and Compliance Australia who speaks the about the principles of good governance in SMEs.
Flower will also delivering a course on giving the 101 on what it means to be a director. https://www.thegrcinstitute.org/Events/eventdetail/1807
Happy Listening!
The GRC Professional Podcast talks to GRCI Managing Director Naomi Burley about:
-SPS 515 Strategic Planning and Member Outcomes -Review of the 2013 Superannuation Prudential Framework -Board Accountability -Regulatory 'deep dive' Podcasts -AML & Financial Crimes Congress
In this Edition of the GRC Professional Podcast we talk to GRCI Managing Director Naomi Burley about:
• The OAIC's Privacy Awareness Week (https://www.oaic.gov.au/paw2019/),
• SecureSoft Steve Cronan's webinar on cyber security (https://www.professional.org.au/single-post/2019/03/29/Thank-you-attendees---What-Cyber-risks-are-keeping-you-awake-at-night),
• The GRCI submission on the APRA Capability Review
• Expectations around what will come from the ASIC Forum (https://asic.gov.au/about-asic/asic-events/asic-annual-forum-2019/)
• And the upcoming AML & Financial Crimes Congress (https://www.thegrcinstitute.org/Events/eventdetail/1797).
Enjoy!
The GRC Professional Podcast caught up with Nathan Luker from Your Call to talk about whistleblowing frameworks and the importance of having a culture of speaking out.
For more Information on Your call: www.whistleblowing.com.au/#download-au…-legislation
In this episode of the GRC Professional Podcast, we speak to Kylie Porter, executive Director of the Global Compact Network Australia (GCNA)about trust and developing sustainable corporate practices.
GCNA: www.unglobalcompact.org.au/
Two weeks ago the GRC Professional Podcast sat down with GRCI Director Naomi Burley looking at the issues of Legal Professional Privilege, Trusted Advisors and the RegTech Solutions.
GRC Professional Podcast speaks to Bronwyn Gallacher from CCL Consultants about the Australian Competition and Consumer Commission (ACCC) enforcement priorities for 2019 published at the end of February.
Enforcement Priorities: https://www.accc.gov.au/publications/2019-compliance-and-enforcement-priorities
The GRC Professional Podcast got a chance to catch-up with David Byrum from Human Synergistic International who addressed some of the misconceptions around culture, conduct and what organisations keep getting wrong.
Key Points: • Redefining culture • The problem with the term 'risk culture' • Effective language to reach the board • What attendees will come away with if they attend 9 April 2019 event, A Practical Guide to Shaping Culture.
Other Links
Byrum will be the facilitator in an event run along with the GRC Institute called A Practical Guide to Shaping Culture which you can learn more about here: https://www.thegrcinstitute.org/Events/eventdetail/1803
More information about the Human Synergistic International here: https://www.human-synergistics.com.au/
For those who need to revisit the final Royal Commission Report: https://www.royalcommission.gov.au/sites/default/files/2019-02/fsrc-volume-1-final-report.pdf
For International Womens Day The GRC Professional Podcast speaks to Women and Leadership (WLA) Director Suzi Finkelstein about the work WLA has done to support women professionals.
“What we‘ve seen over the last four months of operation is we’ve actually had 23, 643 complaints brought, which averages to about 292 a day. We’ve actually resolved almost half of those already, 49 per cent of those have been resolved and in the four months of operation we’ve secured $54 million for consumers and small business owners with financial disputes.”--AFCA David Locke
Earlier this week, the GRC Professional Podcast caught up with Australian Financial Complaints Authority (AFCA) Chief Ombudsman and CEO David Locke.
The relatively new ‘one-stop-shop’ for complaints is meant to reduce the complexity around filing complaints. It is part of the overarching effort by the government to deal with misconduct within the financial sector and raise the bar back up to the level of ‘community standards’.
Main points from the podcast Discussion:
• This podcast looks at the role of the AFCA and the number of complaints • Impact of expanded remit back to 2008 • The impact that AFCA expects to have on the financial sector • Reaction to some of the revelations from the royal commission hearings
Other Links
• Australian charities and Not-For-Profits Commission (ACNC): https://www.acnc.gov.au/
• AFCA website: https://www.afca.org.au/\
• Link to the Review of the financial system external dispute resolution and complaints framework: https://static.treasury.gov.au/uploads/sites/1/2017/06/R2016-002_EDR-Review-Final-report.pdf
The GRC Professional Podcast Speaks to GRC Institute MD Naomi Burley about stronger ASIC Enforcement Powers, Whistleblowing Legislation and the regulatory focus on the gap between general and personal advice.
GRCI MD Naomi Burley looks briefly at some of the key features of Royal Commission report and the implications that it might have for risk and compliance professionals.
GRC Institute Managing Director Naomi Burley talks to the GRC Professional about the AML & Financial Crimes Summit being held in Sydney 3 May (https://www.thegrcinstitute.org/Events/eventdetail/1797)and the GRC2019 Conference in mid-October.
You can register now for the AML& Financial Crimes Congress and stay tuned for more information about the GRC2019 Conference.
For more information about our events keep an eye on the GRC Events Page at (https://www.thegrcinstitute.org/events/eventtype).
The GRC Professional speaks to the Dr. Angus Young about the regulatory pyramid, and the potential impact of increased enforcement as a result of the findings of the Hayne Royal Commission Report.
How are you managing your cyber security risk?
In the first GRC Professional Podcast for 2019, Steve Cronan from SecureSoft speaks to the GRC Professional about Banking Trojans and the risks that they can pose to your organisation and the steps that organisations can take to mitigate these risks and protect their respective organisations.
SecureSoft is making special offer for GRC Institute members. To find out more please contact us at news@thegrcinstitute.org.
Keep an eye out on our events page for more information on the SecureSoft webinar on how mitigate the threats of Banking Trojans.
About SecureSoft
SecureSoft Distribution brings powerful intuitive cybersecurity solutions to new markets in APAC.
Located in Sydney they have specialised in cybersecurity since 2009. Our solutions protect thousands of businesses and tens of thousands of computers (and their users). We’ve now put together a special offer for GRC Institute members.
Naomi Burley speaks to the the GRC Professional about the International Federation of Compliance Associations ( http://www.ifca.co/ ).
The upcoming Investigating Blockchain event taking place next week in Melbourne ( https://www.thegrcinstitute.org/Events/eventdetail/1790 ).
The workshop on reframing compliance for your business taking place next week in Sydney ( https://www.thegrcinstitute.org/Events/eventdetail/1793 ).
And the final instalment in the GRC Event Series for 2018 taking place on December 12th in Melbourne. ( https://www.thegrcinstitute.org/Events/eventdetail/1708 )
Ramy Salem, former GRCI Director and the Head of Risk and Compliance at Investors Mutual Limited (IML), talks to the GRC Professional about business engagement and the key to getting a seat a the table.
Elizabeth Moylan, New Director and Treasurer of the GRC Institute speaks to the GRC Professional about her own career and her vision fr the future for compliance and the GRCI.
Naomi Burley, Managing Director of the GRCI, talks about the recent submission to the Royal Commission Interim Report and the GRCI Event series coming up in Melbourne, https://www.thegrcinstitute.org/Events/eventdetail/1708
Past President, Carolyn Hanson, speaks to the GRC Professional about professional development and the professionalisation of compliance.
New GRCI President, Stephen Fergusson, speaks to the GRC Professional Podcast about the changes that he sees in the risk and regulatory environment and the future and considers the future of compliance through the lens of the Royal Commission.
Naomi Burley considers the implications of the Royal Commission what needs to change with organisations' attitudes towards risk and compliance.
The GRC Professional gets an opportunity to chat with Financial crime compliance Professional Eveline Estephan who at the time was pursuing a masters in financial crime at Charles Stuart University.
The GRC Professional speaks to the Collaboration Guy, Phil Preston, who provides a sneak peek into some of the topics that he will be covering at the GRC2018 Conference: conduct, compliance & consequences: How compliance professionals will take us into the future.
To learn more or register for the conference click here.