©2018-2019 by The GRC Institute - Governance, Risk & Compliance.  ABN: 42862119377

December 19, 2019

This month, the Australian Prudential regulator announced it would be delaying consultation on product responsibility proposed in the extension of the Banking Executive Accountability Regime (BEAR).

In a letter to industry, APRA wrote, “At this stage, APRA is reviewing...

June 5, 2019

Australian Transaction Reports and Analysis Centre’s (AUSTRAC) Deputy CEO on Regulatory Strategy Peter Soros has announced there is more legal action ahead when it comes to breaches of the AML/CTF Act.

However, he also added that both the CBA and Tabcorp cases have had...

May 10, 2019

​The TAS Insurance Report for this year showed a greater customer focus in the insurance 2019 and onwards.

This is along with the innovative mind-set that the 2017 report indicated was being encumbered by difficult legacy systems.

When the report was released TAS Ceo Sha...

January 24, 2019

There is still a learning curve globally for the private and public sector in the collection of the use of data.

This is one of the major debates to take place at the annual World Economic Forum earlier this week in Davos.

Data fraud and theft and well as cyber security...

September 14, 2018

The Australian Securities and Investments Commission (ASIC) is not ready for machine learning to replace or supplement human judgement.

“It’s certainly clear to us that, at this stage, machine learning cannot replace human judgement or experience,” ASIC Commissioner Joh...

July 17, 2018

Traveller’s Cheques are not a major threat to Australia and have been given a low-risk rating when it comes to money laundering and terrorist financing.

This is the findings in the recently released Traveller’s Cheques risk assessment by the Australian Transaction Repor...

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