GRC Professional Podcast

GRC Institute Director Athena Efstratiadis speaks about GRC Professional skillsets and how they have evolved over the years.

Resources

Critical success factors for an effective implementation of the Three Lines of Accountability: https://www.thegrcinstitute.org/news/view/3051

Guidance on Breach Reporting: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2021-releases/21-235mr-asic-publishes-guidance-on-breach-reporting/

How to manage compliance risk and stay out the headlines: https://www.apra.gov.au/news-and-publications/how-to-manage-compliance-risk-and-stay-out-of-headlines

Compliance & Risk 101: https://www.thegrcinstitute.org/cmspages/page/578

GRC Institute Membership: https://www.thegrcinstitute.org/cmspages/page/1842

Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October 2022 – please save the date in your calendar!

Thomson Reuters Bureau Chief for the Asia Pacific Nathan Lynch talks about his book The Lucky Laundry which looks at the detrimental impacts of dirty money on people and institutions.

The Lucky Laundry by Nathan Lynch can be found at your local bookstore!

Resources:

Record $45 million civil penalty ordered against Tabcorp: https://www.austrac.gov.au/record-45-million-civil-penalty-ordered-against-tabcorp

Austrac and CBA agree to $700 million penalty: https://www.austrac.gov.au/austrac-and-cba-agree-700m-penalty

Westpac ordered to $1.3 billion: https://www.austrac.gov.au/news-and-media/our-recent-work/westpac-penalty-ordered

AGS Helped on largest civil penalty in Australian corporate history: https://www.ags.gov.au/publications/news/AGS_AUSTRAC_largest_%20civil_penalty_in_%20Aust_history_6Jun18

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

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

APRA releases report on industry self-assessments into governance, culture and accountability: https://www.apra.gov.au/news-and-publications/apra-releases-report-on-industry-self-assessments-into-governance-culture-and

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

Tranche too hard: Australia edges forward with glacial AML/CTF law reform agenda: https://insight.thomsonreuters.com.au/business/posts/tranche-too-hard-australia-edges-forward-with-glacial-aml-ctf-law-reform-agenda

AML/CTF ACT: https://www.austrac.gov.au/business/legislation/amlctf-act

Money transferred to and from overseas: International funds transfer instruction (IFTI) reports: https://www.austrac.gov.au/business/how-comply-guidance-and-resources/reporting/money-sent-overseas-itfi

Tipping off: https://www.austrac.gov.au/business/how-comply-and-report-guidance-and-resources/reporting/suspicious-matter-reports-smrs/tipping#:~:text=A%20breach%20of%20the%20tipping,effect%20on%2017%20June%202021.

Podcast: AML & Financial Crimes Congress 2022 Sanctions Edition: https://thegrcinstitute.org/news/view/3193

Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October 2022 – please save the date in your calendar!

GRC Institute CEO Naomi Burley and LexisNexis Head of Content Regulatory Compliance Kieran Seed discuss this year’s Annual AML & Financial Crimes Congress with an emphasis on the sanctions, sanction compliance and the perennial but volatile nature of sanction-related risks.

Resources

Don’t know where to start with sanctions compliance? Here is a Complimentary Sanctions Compliance Checklist from LexisNexis. https://www.lexisnexis.com.au/en/insights-and-analysis/research-and-whitepapers/2021/complimentary-sanctions-checklist?utm_source=polaroid&utm_medium=aucorpsite&utm_campaign=21AUCRP59RCAURetailandSanctionsChecklistCampaign

Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October 2022 – please save the date in your calendar!

Strategic Engagement Consultant Carole Ferguson & GRC Institute CEO Naomi Burley discuss the new Internal Dispute Resolution Data Requirements.

IDR Data Handbook: https://download.asic.gov.au/media/0gsbyt3i/idr-data-reporting-handbook-published-30-march-2022.pdf

Thriving People Founder & Director Rebecca Christianson talks about to communicate effectively with Gen Y and Gen X employees.

Thriving People: https://www.thrivingpeopleconsulting.com/contact/

Financial Crime Professional & GRC Institute Director Julian Hunn looks broadly at the risks posed by virtual currencies and virtual assets.

Mentioned in Podcast

FATF Guidance on Digital Currencies: https://www.fatf-gafi.org/media/fatf/documents/recommendations/Updated-Guidance-VA-VASP.pdf

Austrac Guidance on the Criminal Abuse of Digital Currencies: https://www.austrac.gov.au/business/how-comply-guidance-and-resources/guidance-resources/preventing-criminal-abuse-digital-currencies

APRA Guidance on the Risk Management Approach to Crypto Assets: https://www.apra.gov.au/news-and-publications/apra-sets-out-initial-risk-management-expectations-and-policy-roadmap-for

ABC’s Four Corners Report on Cryptomania: https://www.abc.net.au/4corners/crypto-mania:-behind-the-hype-of-cryptocurrencies/13906076

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Julian Hunn is a speaker at the AML& Financial Crimes Congress: https://www.thegrcinstitute.org/Events/eventdetail/2039

GRC Institute CEO Naomi Burley talks about what to expect from the AML & Financial Crimes Congress 2022 on 7 June.

Hope to see you there!

What Financial Crime-related risks are high on your risk radar?

https://thegrcinstitute.org/Events/eventdetail/2039

Blackmores Group Compliance and Privacy Officer Eva Gleeson shares her compliance journey from Ireland to Australia and the challenges and opportunities that she faced along the way.

Protecht Research & Content Lead Michael Howell talks about benefits of documentation and certification in ISO 37301: Compliance Management System.

Protecht: https://www.protechtgroup.com/en-au/

LexisNexis: https://www.lexisnexis.com.au/en/homepage

Recommended Listening

Podcast: Culture in ISO37301: https://www.thegrcinstitute.org/news/view/3070

CCL Consultants Managing Director Bronwyn Gallacher talks privacy , consent, and compliance.

Mentioned In the Podcast

Workplace surveillance act : https://www.oaic.gov.au/privacy/your-privacy-rights/employment/workplace-surveillance

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

QR Code Data Breach: https://iapp.org/news/a/massive-and-dangerous-data-breach-exposed-more-than-500k-qr-code-check-in-addresses-in-australia/#:~:text=More%20than%20500%2C000%20QR%20code,of%20the%20breach%2014%20Feb.

Use of Security Cameras: https://www.oaic.gov.au/privacy/your-privacy-rights/surveillance-and-monitoring/security-cameras

QR Code Data Collection: https://www.oaic.gov.au/engage-with-us/consultations/guidance-for-digital-check-in-providers-collecting-personal-information-for-contact-tracing

Critical Infrastructure Bill: https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r6833

Resources

https://www.thegrcinstitute.org/Events/eventdetail/2052