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Podcast: Risk, Resilience & Empathy

Friday 25 November 2022




GRC Institute Risk Management 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 p...

By Kwame Slusher

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Crypto-asset provider operating without an AFSL

Friday 25 November 2022


 
The Australian Securities and Investments Commission (ASIC) has begun civil penalty proceedings against ha fintech company for providing unlicensed financial services  for ‘crypto-asset based products.’

Block Earner is alleged to have offered a collection of the crypto asset-based products under the title Earner Products that were not licence...

By Kwame Slusher

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Breach Reporting APIs

Friday 25 November 2022


 


The regulator has provided a platform for financial licensees to submit their situations.

The Australian Securities and Investments Commission (ASIC) provided the reportable situations API in keeping with  Regulatory Guide 78 Breach Reporting by AFS licensees and credit licensees.

Having this API will mean that AFSL holders and credit ...

By Kwame Slusher

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AUSTRAC accepts an EU

Friday 25 November 2022




The Australian Transactions Reports and Analysis Centre (AUSTRAC ) has accepted an enforceable undertaking from ING after it reported challenges in its anti-money laundering and counter-terrorist financing compliance program.

AUSTRAC CEO Nicole Rose said in an official statement, "ING has been fully cooperating with AUSTRAC throughout our re...

By Kwame Slusher

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What we are Listening to…Insurance Class Action

Friday 25 November 2022



 

The Law Report looks at the recent settlement between the Big Banks and insurance class action in the episode Big banks settle insurance class actions; what are your rights in neighbour disputes over trees?

By Kwame Slusher

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Investment Governance & financial resources over risk events

Friday 18 November 2022




This week the Australian Prudential Regulation Authority (APRA) released guidance on investment governance for superannuation trustees and a discussion paper on financial resources for risk events in superannuation.
 
Investment Governance

On the release of the guidance on investment governance APRA Deputy Chair Margaret Cole, “In strength...

By Kwame Slusher

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Podcast: An Effective Compliance Professional

Friday 18 November 2022



Compliance Professional of the Year for 2022 Renai Williams talks about her professional journey and what she thinks makes an effective compliance professional.

By Kwame Slusher

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What We Are Watching This Week…Corporate Responsibility

Thursday 17 November 2022


 
With Greenwashing increasingly a focus for Australian regulators should there be a wider focus on ESG?
 
This is the theme of the Future Tense’s Why do Corporations need to think more about society and less about profit?

Do Corporations have a responsibility to promote the common good?

By Kwame Slusher

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Securities Regulators investigating FTX

Wednesday 16 November 2022




 
FTX, a cryptocurrency exchange,  is being investigated for possible criminal misconduct. 

This comes just a week after the Australian Securities and Investments Commission highlighted crypto and crypto-related scams as high on their enforcement priorities.

ASIC has suspended FTX Australia’s financial license until next May. 

The  Au...

By Kwame Slusher

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First EU for the Year/ Combining Enforcement Tools

Wednesday 16 November 2022


 


This week the Australian Securities and Investments Commission (ASIC) announced the acceptance of its first court-enforceable undertaking this year.

The securities and investment commission accepted an EU from Lasarith and Adam Smith. Under the EU the firm's Australian Financial Licence (AFSL) will eventually be cancelled.
Allegations th...

By Kwame Slusher

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