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ASIC Media Release

The Australian Securities and Investment Commission (ASIC) has permanently banned financial adviser Koresh Daniel Houghton from providing financial services because he had engaged in misleading, deceptive and dishonest conduct and failed to act in his clients' best interests when providing advice.

ASIC's surveillance of...

By Kwame Slusher

ASIC Media Release

OpenMarkets Australia Limited ('OpenMarkets') has paid a penalty of $200,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ('the MDP').

The MDP had reasonable grounds to believe that OpenMarkets, throughout various periods in 2015 and 2016, breached the market integrity rules in rel...

By Kwame Slusher



by Naomi Burley, Managing Director, GRCI


There is no better time to think about the current place of compliance than following on from
National Compliance Officers Day, which was founded by SAI Global in 2016. Did you receive your ‘thank you for keeping us all in business’ cards from your grateful board and management yesterday? Hopefully some...

By Kwame Slusher

Tuesday 26 September 2017



 Recently, the Australian Government released the consultation paper, Digital Economy: Opening up the Conversation.

The paper’s purpose was to:
  • Enable and support the digital economy;
  • Build areas of competitive strength to drive productivity and raise digital business capability; and
  • Empower all Australians through ...

By Kwame Slusher

 






MEDIA RELEASE    

 

CELEBRATE ETHICS AND COMPLIANCE PROFESSIONALS ON COMPLIANCE OFFICER DAY (26 SEPTEMBER)

Compliance Officer Day, observed on 26 September each year, is a global event to recognise the important work of professionals who have dedicated their careers to the field of ethics and compliance.

This day is a chance ...

By Kwame Slusher

Monday 25 September 2017



The Australian Prudential and Regulation Authority (APRA) has published a list of frequently asked questions (FAQs) about capital adequacy.

The regulator is careful to point out that the FAQs are not an exhaustive list of examples and if the regulated entities have any questions they are encouraged to contact APRA directly.

The FAQ...

By Kwame Slusher

Monday 25 September 2017




Introduction

Peter Kell, Deputy Chair at the Australian Securities and Investments Commission (ASIC), talks to the GRC Professional about some of their expectations for industry.

Kell started as Deputy Chair on 6 May 2013 and before this  he was a Commissioner from 7 November 2011.

In this interview, he also touches on some of the topi...

By Kwame Slusher

ASIC Media Release

ASIC has permanently banned John Dimitropoulos of Seven Hills, NSW, from providing financial services or engaging in credit activity.

Mr Dimitropoulos' banning arises from ASIC's ongoing investigation into a property and self-managed superannuation fund (SMSF) promoting group, which includes the companies formerly called Heri...

By Kwame Slusher

Friday 22 September 2017



I
nterview with Anu Kukar,  Director of Risk Innovation at KPMG, on the Ideal Risk Manager
 

You have an extensive background in risk management. Can you list some of the universal challenges faced by risk managers? Also any new challenges on the horizon for risk managers? 
 
Having spent the last 14 years as a 2nd-Line Risk Advisor in both ...

By Kwame Slusher

ASIC Media Release

ASX-listed company Sirtex Medical Limited (Sirtex) has paid a penalty of $100,000 after ASIC issued an infringement notice for an alleged failure by Sirtex to comply with its continuous disclosure obligations.

The infringement notice was issued following an investigation into matters arising from an announcement on 9 December...

By Kwame Slusher