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ACCC Media Release

31 March 2017

The Australian Competition and Consumer Commission has issued a determination denying authorisation to the Commonwealth Bank of Australia, Westpac Banking Corporation, National Australia Bank, and Bendigo and Adelaide Bank (the banks) to collectively bargain with Apple and ...

By Kwame Slusher

ASIC Media Release

Citigroup Pty Limited (Citibank) has refunded approximately $5 million to around 230,000 customers, for failing to properly disclose that credit card international transaction fees apply to Australian dollar transactions where the merchant uses an entity based overseas to process its transactions.

In early 2016, Citiban...

By Kwame Slusher

Thursday 30 March 2017



Recently, the Australian Transaction Reports and Analysis Centre (AUSTRAC) publically announced its Fintel Alliance ‘reports and alerts’ collaboration with industry. This supervisory technology (suptech) could prove to be an important part in protecting the Australian financial system; however, from a compliance frameworks perspective, the initia...

By Kwame Slusher

Wednesday 29 March 2017



by Dr Bob Murray


It may sound like a silly question: What are regulations? Of course you know what they are, you deal with them every day. They’re directives, somewhat less than laws. They’re designed to prevent one set of people from taking advantage of another, or maybe to enable one set of people to take advantage of another. They also serv...

By Kwame Slusher

Tuesday 28 March 2017



Last year, it was announced that the 37001 Anti-Bribery Management System had been released.

In response, Martin Tolar, General Manager Asia Pacific for Red Flag, said organisations now need take the time to construct policies based on this standard, even if they are not legally obliged to inculcate it into their risk and compliance frameworks...

By Kwame Slusher

ASIC Media Release

ASIC today released Regulatory Guide RG 259 Risk Management systems of responsible entities to provide additional guidance to responsible entities on our expectations for compliance with their existing obligation under the Corporations Act 2001 (Corporations Act) to maintain adequate risk management systems.

The guide i...

By Kwame Slusher

Tuesday 28 March 2017

ACCC Media Release

The Australian Competition and Consumer Commission has a number of in-depth investigations underway across a range of industries following the introduction of the new business-to-business (B2B) unfair contract terms laws in November 2016.

Delivering the keynote address at a UNSW forum on recent developments in competiti...

By Kwame Slusher




By Neil Jeans



On the 8th March AUSTRAC published a report entitled “Insights from compliance assessments – good business practices and areas for improvement” which analyses the compliance reports made by reporting entities to AUSTRAC.  The report identified five areas where, in AUSTRAC’s view, reporting entities can improve AML/CTF complia...

By Kwame Slusher

Wednesday 22 March 2017




Cyber-crime is not new but is becoming more prevalent. There is and will always be those who try to access your sensitive data; thus, moving beyond the ‘set and forget’ approach is now vital in this risk and compliance area.

Jamie Rubbi-Clarke, Associate Director of Control Risks, addressed the importance of cyber security and looked at cybe...

By Kwame Slusher




The GRC Professional speaks to Niall Coburn Regulatory Intelligence Expert for Asia-Pacific, Thomson Reuters about the changes in regulation and the risk landscape in 2017. 
 


What has changed since the media storm of the Panama Papers last year?
Since 2016, the UK, US, Hong Kong, European and Australian Governments have implemented variou...

By Kwame Slusher