News

Today’s conversation is a little bit different. We’ve partnered with Australia’s GRC Institute to bring you the latest in governance, risk and compliance. Each quarter, ...

Managing organisational culture and conduct risk is a perennial challenge.  
 

We are listening to the Risky Women Radio Future Fit Organisations & Managing Culture Risk this week. 
 

 How is your organisation managing culture risk?
 

Check out our networking discussion groups to join to tackle emerging risk a...

Latitude Financial and Meriton's recent significant breaches are a reminder that data breaches and cyber security are critical.
 

The rise in reported scams shows that, in the long run, they have detrimental impacts on consumers.  
 

This week the Scamwatch report highlighted a rise in bank impersonation scams.

Last year, ...

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

More must be done for scams, greenwashing, market misconduct and fraud.  
 

This is the call of the International Organisation of the Securities Commissions (IOSCO) in their Retail Conduct Market Task Force Final Report.
 

The report highlighted some thematic issues:
 

• Technological advances and social media have imp...

• 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...

 
 
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...