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Building an Effective Compliance Framework

Tuesday 23 January 2018



Introduction
 
Legal, Risks and Compliance Director New Forest Asset Management, Elizabeth Jacka, took some time to answer questions about building an effective compliance framework.
 
Jacka will be presenting on the same topic at the Emerging Professionals Event in March.
 
 
Interview
 

Tell me a little about your professional deve...

By Kwame Slusher

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ASIC wants Greater Powers

Tuesday 23 January 2018



News Summary 

The Australian Securities and Investments Commission (ASIC) said that new technologies can create risks and new forms of financial crime.

The regulator has asked to be designated as a law enforcement agency under the Crimes Act. It has also called for changes to the law that would allow them to share and obtain data with regul...

By Kwame Slusher

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First Licensees Under the New Regime

Tuesday 23 January 2018



The Australian Securities and investments Commission (ASIC) has licensed the first crowd-sourced intermediaries under the new under Corporations Amendment (Crowd-Sourced Funding) Act 2017.

“ASIC has been assessing applications as a matter of priority, as suitable intermediaries needed to be licensed before fundraising under the new regime coul...

By Kwame Slusher

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Business Resilience

Sunday 21 January 2018

 


Remembering Lessons from QF32

by Gareth Byatt 


* This article was orignally published in the December 2017 Edition of the GRC Professional Magazine. Click here to download your member copy.  

* Click here to download a PDF version of this article.


The need for organisations to prepare for and to have good crisis management and ...

By Kwame Slusher

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Tech Risk is Everyone’s Business

Thursday 18 January 2018



Introduction
Derek Payne is the Governance, Risk and Compliance Officer for the Independent Education Union and member of the GRCI IT Compliance Risks Networking and Discussion Group. Last week, he took time to answer a few questions on technology risks and opportunities.

Payne will be presenting at the 2nd Annual Emerging Professionals Even...

By Kwame Slusher

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Trader banned for not lodging financial statements

Friday 5 January 2018

NSW-based Smart Trader International has had its financial licence banned for failing to lodge financial statements and auditor’s reports three years in a row.

“Failure to comply with reporting obligations can be an indicator of a poor compliance culture. ASIC won't hesitate to act against licensees who do not meet these important requirements,” s...

By Kwame Slusher

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SA adviser banned permanently

Friday 5 January 2018

David Mario Alfaci is the first financial services provider to be banned by the Australian Securities and Investment Commission in 2018 for not being of good character.

According to the Securities and Investments regulator, the former employee of Centra Wealth and Interpac Financial Planning violated his contractual agreement with Centra Wealth by...

By Kwame Slusher

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Government response to general insurance industry inquiry

Friday 5 January 2018



In December last year, the Australian Government responded to the Senate Economic References Committee Report, Australia’s general insurance industry: sapping consumers of the will to compare.

Of the 15 recommendations made, the Government actively disagreed with only one:

The Committee recommends that the Government complete a detailed...

By Kwame Slusher

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Voluntary Code of Conduct for Super

Friday 5 January 2018



Late last year, the Australian Institute of Superannuation Trustees (AIST), the Association of Superannuation Funds of Australia (ASFA), and the Financial Services Council (FSC) published the Insurance In Superannuation Voluntary Code of Conduct.

This came just months after the publication of the Life insurance Code of Practice was published b...

By Kwame Slusher

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Criminals’ Choice for digital currency

Thursday 4 January 2018



A recent report suggests bitcoin is no longer the currency of choice for criminals.

According to the AFR, Europol said last year that Monero, Ethereum and ZCash are gaining traction with the underground.

Matt Suiche, from Dubai-based security firm, Comae Technologies, said Monero was one of the favourites when it comes to ransomware attacks...

By Kwame Slusher

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