Arctic Intelligence CEO & Founder Anthony Quinn talks about some key findings from their second annual AML Benchmarking Report: https://arctic-intelligence.com/insights/blog/arctic-intelligence-launch-2022-aml-industry-benchmarking-report

Podcast Notes

Latest Independent audits: https://www.austrac.gov.au/news-and-media/media-release/austrac-orders-audit-sportsbets-and-bet365s-compliance-financial-crime-laws

Arctic Intelligence: https://arctic-intelligence.com/

Arctic Intelligence Launches 2022 AML Industry Benchmarking Report: https://arctic-intelligence.com/insights/blog/arctic-intelligence-launch-2022-aml-industry-benchmarking-report

Podcast: Risk Assessments with Anthony Quinn: https://thegrcinstitute.org/news/view/3015

GRC Institute Director Naomi Burley touches on some of the highlights from the GRC 2022 Conference.

Podcast Notes

Financial Accountability Regime : https://treasury.gov.au/consultation/c2022-311520

Cyber Resilience: https://asic.gov.au/regulatory-resources/corporate-governance/cyber-resilience/

Crypto assets: https://asic.gov.au/regulatory-resources/digital-transformation/crypto-assets/

Greenwashing: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-294mr-asic-acts-against-greenwashing-by-energy-company/

Climate and sustainability disclosures: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-161mr-asic-encourages-submissions-to-the-international-sustainability-standards-board-consultation-on-global-baseline-climate-and-sustainability-disclosures/

Risk Culture 10 Dimensions: https://www.apra.gov.au/risk-culture-10-dimensions

CPS 230 Operational Risk Management Resilience: https://www.apra.gov.au/sites/default/files/2022-07/Draft%20Prudential%20Standard%20CPS%20230%20Operational%20Risk%20Management.pdf

Austrac on Optus Breach: https://www.austrac.gov.au/optus-data-breach-working-our-reporting-entities

Bullion Dealers: https://www.austrac.gov.au/business/industry-specific-guidance/bullion-dealers

Superannuation: https://www.austrac.gov.au/business/how-comply-guidance-and-resources/guidance-resources/australias-superannuation-sector-risk-assessment-2016

Preventing Exploitations of Emergency and disaster Support payments: https://www.austrac.gov.au/business/how-comply-guidance-and-resources/guidance-resources/emergency-disaster-support-payments

Ransomware and Crypto assets: https://www.austrac.gov.au/news-and-media/media-release/austrac-works-businesses-target-ransomware-and-criminal-use-digital-currencies

FINTEL Alliance : https://www.austrac.gov.au/about-us/fintel-alliance

OAIC and Facial Recognition: https://www.oaic.gov.au/updates/news-and-media/oaic-opens-investigations-into-bunnings-and-kmart

Collection of Personal Data: https://www.oaic.gov.au/privacy/your-privacy-rights/your-personal-information/collection-of-personal-information

AFCA Data Cube: https://www.oaic.gov.au/privacy/your-privacy-rights/your-personal-information/collection-of-personal-information

Quick Guides for Assurance( Members Only): https://thegrcinstitute.org/news/view/3219

How do you stay on top of all of your obligations in a world where regulators are increasingly interconnected?

Lifetime Member & Past GRC Institute Carolyn Hanson talks about regulatory overlap of obligations from a financial crime perspective.

Resources:

AUSTRAC & CBA: https://www.austrac.gov.au/austrac-and-cba-agree-700m-penalty

CBA Prudential Inquiry Final Report: https://www.apra.gov.au/news-and-publications/apra-releases-cba-prudential-inquiry-final-report-and-accepts-enforceable

Austrac commences Proceedings against Crown: https://www.austrac.gov.au/news-and-media/media-release/austrac-commences-proceedings-federal-court-against-crown-melbourne-and-crown-perth

Crown Perth royal commission finds casino giant unsuitable to hold WA’s only gaming licence : https://www.abc.net.au/news/2022-03-24/crown-unsuitable-to-hold-wa-casino-licence-royal-commission/100934322

Report finds that Star not suitable to run Sydney Casino: https://www.abc.net.au/news/2022-09-13/the-star-not-suitable-to-run-sydney-casino/101432734

Anti-Money Laundering Networking Group: https://www.thegrcinstitute.org/Events/eventdetail/2094

Podcast: Modern Slavery Edition: https://www.thegrcinstitute.org/news/view/2966

101 Series Personal & Sensitive Information

The GRC 2022 Conference addressed recent instances of the collection of biometric not meeting regulatory expectations from a consent, data collection or data storage context.

Do you understand personal and sensitive information under the Australian privacy legislation?

Managing Director and Founder of the CCL Consultants Bronwyn Gallacher addresses the issues around personal information and sensitive information under the Privacy Act.

This podcast is part of 101 Series for Compliance Professionals Month.

Resources:

OAIC opens investigation against Bunnings and Kmart: https://www.oaic.gov.au/updates/news-and-media/oaic-opens-investigations-into-bunnings-and-kmart

The Privacy Act: https://www.oaic.gov.au/privacy/the-privacy-act

Personal Information and Sensitive Information: https://www.oaic.gov.au/privacy/guidance-and-advice/what-is-personal-information#:~:text='sensitive%20information'%20(includes%20information,of%20personal%20information)%5B3%5D

Red Cross Blood Service Data Breach: https://www.abc.net.au/news/2016-10-28/red-cross-blood-service-admits-to-data-breach/7974036

Optus Breach and Cyber Resilience: https://www.thegrcinstitute.org/news/view/3230

The Three Lines Re-imagined: https://www.thegrcinstitute.org/news/view/3051

GRC Institute CEO Naomi Burley & Strategic and Engagement Consultant Carole Ferguson address the challenges cyber resilience in light of the recent Optus data breach.

Resources:

The 4 Cs : https://asic.gov.au/about-asic/news-centre/speeches/the-4cs-of-risky-business/

Court finds RI Advice failed to adequately manage cyber risks: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-104mr-court-finds-ri-advice-failed-to-adequately-manage-cybersecurity-risks/

Optus Cyber Attack: https://www.optus.com.au/about/media-centre/media-releases/2022/09/optus-notifies-customers-of-cyberattack

Optus Main Page: https://www.optus.com.au/

Consumer Data Right: https://www.cdr.gov.au/

Cyber Risk: Be Prepared: https://asic.gov.au/about-asic/news-centre/articles/cyber-risk-be-prepared/

REP 429 Cyber Health Check : https://asic.gov.au/regulatory-resources/find-a-document/reports/rep-429-cyber-resilience-health-check/

Corporations Act 2001: https://www.legislation.gov.au/Details/C2018C00031

Related Articles:

Credit Code Review, Data Breach: https://www.thegrcinstitute.org/news/view/3228

RI Advice Breach Licensing Requirements:https://www.thegrcinstitute.org/news/view/3148

This October is Compliance Professionals Month and it will kick off with he IFCA International Compliance Conference!

GRC Institute CEO Naomi Burley talks a little about the layout of this event.

Resources

IFCA International Compliance Conference: https://www.ifca.co/

Podcast: ESG & GRC : https://www.thegrcinstitute.org/news/view/3218

DISTANCE LEARNING: 10964NAT Certificate IV in Compliance & Risk Management: https://www.thegrcinstitute.org/Events/eventdetail/2043

GRC2022 Conference - Pulsepoints : Delivering Strategic Compliance: https://www.thegrcinstitute.org/Events/eventdetail/2093

GRC Institute Director Julian Hunn talks about the nexus of the ESG and the GRC.

Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October 2022 – please save the date in your calendar! https://thegrcinstitute.org/Events/eventdetail/2093

GRC Institute Director Elizabeth Moylan talks about the gap in the compliance market.

Resources

Royal Commission in to Financial Services: https://www.royalcommission.gov.au/banking#:~:text=The%20Royal%20Commission%20into%20Misconduct,into%20misconduct%20in%20the%20banking%2C

GRC Institute Courses: https://www.thegrcinstitute.org/events/eventtype/2

Macquarie Bank Compliance Statement : https://www.macquarie.com/au/en/disclosures/statement-of-compliance-macquarie-bank-limited.html#:~:text=Macquarie%20is%20committed%20to%20operating,(as%20permitted%20by%20IOSCO).

ISO 37301: https://www.iso.org/standard/75080.html

The Three Lines Reimagined: https://www.thegrcinstitute.org/news/view/3051

Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October: 2022: http://www.thegrcinstitute.org/Events/eventdetail/2093

GRC Director John Price Talks about his top 10 risks and how organizations can mitigate these risks and meet regulatory expectations.

Resources

The Work From Home Edition: https://www.thegrcinstitute.org/news/view/2940

How is Your Cyber Risk Management?: https://thegrcinstitute.org/news/view/3133

Deloitte State of Compliance : https://www2.deloitte.com/content/dam/Deloitte/au/Documents/audit/au-audit-state-of-compliance-survey-2022-110422.pdf

Prudential Inquiry into Commonwealth Bank of Australia : https://www.apra.gov.au/sites/default/files/CBA-Prudential-Inquiry_Final-Report_30042018.pdf

Financial Services Royal Commission: https://www.royalcommission.gov.au/banking

Looking at the Royal Commission Report: https://thegrcinstitute.org/news/view/3113

Banking Code Compliance Committee Annual Report 2020-2021: https://bankingcode.org.au/resources/bccc-2020-2021-annual-report/

GRC Institute Director Elizabeth Sheedy talks about the improving of transparency of CPS 511 Remuneration.

How executive remuneration responds to guidance : evidence from the Australian banking industry: https://researchers.mq.edu.au/en/publications/how-executive-remuneration-responds-to-guidance-evidence-from-the

Risk Governance: biases, blind spots and bonuses: https://researchers.mq.edu.au/en/publications/risk-governance-biases-blind-spots-and-bonuses

APRA Strengthens transparency remuneration and bank disclosures: https://www.apra.gov.au/news-and-publications/apra-strengthens-transparency-on-remuneration-and-bank-disclosures

Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October 2022: https://www.thegrcinstitute.org/Events/eventdetail/2093