GRC Professional Podcast

Kwame Slusher

The GRC Professional Podcast is a production of the Australian Compliance Institute to help risk and compliance professionals keep up to date with industry news, new ideas and regulatory updates. https://www.compliance.org.au/

Episodes

  1. Considering The Fair & Reasonable Test

    12/04/2023

    Considering The Fair & Reasonable Test

    Would your company pass the Fair and Reasonable Test? “People have started saying ‘well, we shouldn’t just be thinking about could-we, but we should be thinking about should-we. And I think if you bundle up fair and reasonable, if you bundle up privacy as a human right, if you bundle up potential rights to claim against companies, that should-we questions could be your north star and your guiding light until we have actual legislation to live by.” – Lyn Nicholson, General Counsel, Holding Redlich. The Australian government has agreed in principle to many recommendations made in the review of the Privacy Act—one of which is the fair and reasonable test, which will require regulated entities to make an impact assessment before collecting personal data for products or services. Holding Redlich General Counsel Lyn Nicholson talks about the potential impact of the fair and reasonable test because it might not be a bad idea to use it as a guiding principle even though it is not a requirement…. yet. Resources • Government response to the Privacy Act Review Report: https://www.ag.gov.au/rights-and-protections/publications/government-response-privacy-act-review-report#:~:text=In%20its%20response%20to%20the,to%20best%20protect%20this%20information • Dymocks confirms 1.2 million customers shared on the dark web in data breach: https://www.abc.net.au/news/2023-09-15/dymocks-confirms-1-million-customers-details-leaked/102863820 • Data Breach could cost Medibank $ 35 million in 2024: https://www.itnews.com.au/news/data-breach-could-cost-medibank-35-million-in-2024-599566 • Equifax fined $13.4 million following data breach: https://www.cshub.com/attacks/news/equifax-data-breach-fine

    16 min
  2. The State Of AML Through ISO 37301

    10/31/2023

    The State Of AML Through ISO 37301

    LexisNexis Head of Content Regulatory Compliance Kieran Seed, outgoing-Australian Compliance Institute CEO and Interim-Australian Compliance CEO discuss the state of financial crime-related risks and regulation through the lens of the Lexis Nexis Whitepaper, 2023-2024 AML-CFT Compliance Roadmap Leveraging ISO 37301. Download your copy of the 2023-2024 AML-CFT Compliance Roadmap Leveraging ISO 37301 now: https://www.lexisnexis.com.au/en/insights-and-analysis/research-and-whitepapers/2023/2023-2024-aml-cft-compliance-roadmap Resources CPS 230 Operational Risk Management: https://www.apra.gov.au/operational-risk-managementAPRA and ASIC commence joint administration of the new Financial Accountability Regime: https://www.apra.gov.au/news-and-publications/apra-and-asic-commence-joint-administration-of-new-financial-accountability ISO 37301: https://www.iso.org/standard/75080.html Related Financial Crime Podcasts AML & Financial Crime 2023 Wrap-Up: https://soundcloud.com/user-89551722-76965574/aml-financial-crimes-congress-wrap-up-1 AML & Financial Crime Congress 2022 & Sanctions: https://soundcloud.com/user-89551722-76965574/aml-financial-cirmes-congress-2022-sanctions Thinking about Board Education in AML Compliance: https://soundcloud.com/user-89551722-76965574/thinking-about-board-education-in-aml-compliance AML & Financial Crime Congress 2023 Presentation - Carolyn Hanson: https://soundcloud.com/user-89551722-76965574/aml-financial-crime-congress-2023-carolyn-hanson Other Related Podcasts Showing evidence in ISO37301: https://soundcloud.com/user-89551722-76965574/showing-evidence-in-iso-37301-draft The Ecosystem of FAR: https://soundcloud.com/user-89551722-76965574/the-ecosystem-of-the-far-draft-2

    24 min

Ratings & Reviews

3.5
out of 5
2 Ratings

About

The GRC Professional Podcast is a production of the Australian Compliance Institute to help risk and compliance professionals keep up to date with industry news, new ideas and regulatory updates. https://www.compliance.org.au/