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Monday 23 October 2017



* This article was originally published in the Conference Edition of the GRC Professional.

* Please click here to download a PDF version of this article.



by Evelyne Albreacht 

Audacity is not normally a term that people associate with compliance, especially considering that according to the Oxford Dictionary, audacity means ‘a willingn...

By Kwame Slusher

Friday 20 October 2017



The Australian Securities and Investments Commission (ASIC) and the Financial Markets Authority (FMA) have deepened their relationship by signing a fintech memorandum of understanding (MOU).

“ASIC and the FMA have a strong relationship in all the areas we regulate. Our mutual commitment to innovation and fintech is no different. We’ll continue...

By Kwame Slusher

ASIC Media Release

ASIC has released updated evidence metrics to report against six common key performance indicators (KPIs) in the Australian Government's Regulator Performance Framework (Framework).

Following ASIC's first self-assessment against the Framework in 2015–16, we identified some ways to improve our metrics as it had become apparent...

By Kwame Slusher

ASIC Media Release

The Full Federal Court of Australia has dismissed former Victorian finance broker Rudy Noel Frugtniet's appeal against his permanent banning from engaging in credit activities.


ASIC permanently banned Mr Frugtniet, a former director of Unique Mortgage Services Pty Ltd (UMS), in July 2014 after it was found he provided mislead...

By Kwame Slusher

Wednesday 18 October 2017




* This article was orgnally published in the Conference Edition of the GRC Professional

* Click Here
to dowload a PDF copy of this article. 

Before you collect data, ask yourself the following question: if someone were collecting this data on you, would it creep you out?

The Data + Privacy Asia Pacific Conference, hosted by the Office ...

By Kwame Slusher

Wednesday 18 October 2017

 

The Australian Transaction Reports and Analysis Centre (Austrac) have released their annual report for 2016/2017. According to a statement from the Financial Intelligence Unit (FIU), the report includes some record outcomes.

“AUSTRAC’s intelligence is a national asset and remains critical to our law enforcement, national security and revenue ...

By Kwame Slusher

Wednesday 18 October 2017



The Australian Prudential Regulation Authority (APRA) is looking to have more oversight over superannuation.

Helen Rowell, APRA Deputy Chair, appeared before the Senate Committee last week as part of the Government’s proposals to ‘improve governance, transparency and member outcomes’.

The appearance before the Committee was an opportunity t...

By Kwame Slusher

Tuesday 17 October 2017


 
What are the barriers RegTechs face when dealing with Australian financial institutions?
This was one of the first questions posed to the panel at the Impact of RegTech on Present and Future AML/KYC Compliance Sydney event, hosted at Deloitte’s George Street office. It was a question that set the tone for the entire event.

On the panel was C...

By Kwame Slusher


Day one of the GRC 2017 Conference challenged members to not only think about what they can take back to their organisations but also asked them to try imagine how they would implement the things they earned in a couple weeks’ time.
 
Holly Ransom, CEO of Emergent explored the tensions of changing work force and resultant shifting trust structure...

By Kwame Slusher

Tuesday 10 October 2017



One of the most contentious discussions raised at the AustCyber Summit in September was that of the implications of open Application Programming Interfaces (API).

The session was held after lunch and divided big enterprise against fintechs. Speaking on behalf of big enterprise was Ryan Peterson, CTO of Data61 and Kate Carruthers, Chief Data Of...

By Kwame Slusher