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July 12, 2018
by Kwame Slusher
The Securities and Exchanges Commission (SEC) has charged the Credit Suisse with FCPA violations according to a statement from the American regulator.
The $ US30 million (approximately $AUD40.7 million) fine is based on allegations violation of the anti-bribery and in...
The Thomson Reuters Cost of Compliance 2018 survey highlighted that 18 per cent of compliance professionals globally are concerned about compliance liability.
“The introduction of accountability regimes worldwide, such as UK’s senior Managers and certificate Regime(SMCR...
The conduct regulator has just accepted their second court enforceable undertaking (EU) from Commonwealth Bank of Australia in five days.
The earlier EU was in relation to a commitment to change the way their superannuation products were ‘distributed’.
This EU is in conn...
July 6, 2018
by Angus Young
This article was originally published in the Winter 2018 Edition of the GRC Professional, or you can downlaod a PDF version of this article here.
The revelations of the Royal Commission and recent Inquiry by Australian Prudential Regulation Authority (APRA...
Once again, banks find themselves in the spotlight for selling inappropriate products to their consumers.
Earlier this week, the Australian Securities and Investment commission (ASIC) released Credit Card Lending in Australia, a report that highlighted some of the cha...
July 5, 2018
Weak governance when it comes to ‘related-party dealings’ can lead to financial reputational damage.
This is the position of the Australian Prudential and Regulation Authority (APRA) and the reason behind their released Discussion Paper: Revisions to the related entit...