Category: Article

AUSTRAC: AML/CTF Reform

Beyond Compliance: Embracing the New Outcomes-Based AML Framework In June 2025, AUSTRAC’s Financial Crime Discussion Group gathered leading voices from across compliance, finance, and regulation to unpack Australia’s most significant anti-money laundering (AML) reform in over a decade. The shift to an outcomes-based regulatory model is not just a legislative update. It represents a deeper, sector-wide […]

Managing Privacy Risks

Privacy in a Tech-Driven World: Why Human Risk and Third-Party Oversight Must Lead the ConversationWhen a data breach impacts millions, as seen in the recent Qantas incident, it forces those of us in compliance and risk to dig deeper. Not just into systems and policies, but into the people and partners behind them.At a recent […]

Managing 3rd Party Risk

The New Frontier of Third-Party Risk Management: Beyond Contracts to Culture, Curiosity, and Continuous Oversight In an increasingly volatile and interconnected global landscape, the very nature of outsourcing has evolved far beyond the simple quest for cost efficiency. Today, the prudent compliance professional must navigate a labyrinth of ethical considerations, geopolitical influences, supply chain vulnerabilities, […]

Scam Protection 101

Scams, Psychology and Accountability: Why Australia Must Rethink Its Scam Prevention Strategy   Scams are not just a technology issue—they are a human issue. And in a digital economy where real-time payments are accelerating and artificial intelligence is enhancing the sophistication of fraudulent schemes, Australian organisations must do more than build technical defences—they must build […]

Responsible AI and ESG Governance: Navigating the Intersection of Ethics, Regulation, and Risk

Responsible AI and ESG Governance: Navigating the Intersection of Ethics, Regulation, and RiskAs artificial intelligence (AI) continues to shape the modern business landscape, organisations must integrate ethical and responsible AI practices into their governance frameworks. The convergence of AI with Environmental, Social, and Governance (ESG) principles offers a lens through which businesses can mitigate risk, […]

CPS 230: Strengthening Operational Resilience in the Financial Sector

The Rising Importance of Operational ResilienceOperational resilience has become a key focus for financial institutions as they navigate an increasingly complex risk environment. The Australian Prudential Regulation Authority (APRA) has responded to these challenges with the introduction of CPS 230, a prudential standard aimed at reinforcing operational risk management and ensuring continuity of critical operations. […]

Australian Compliance Institute 2024 Annual Conference Summary

2024 ACI Annual Conference The Australian Compliance Institute held our 2024 Annual Conference on 17 September 2024. The conference was primarily hosted in Melbourne, with attendees also being able to […]

RG271 Complaints Management Requirements and Enforcement

Turning RG271 Compliance into a Competitive EdgeAustralia’s financial services sector is navigating a transformative era, driven in part by ASIC’s Regulatory Guide 271 (RG271). Rather than viewing complaints management as a compliance burden, forward-thinking organisations are seizing the opportunity to strengthen trust, deepen client relationships, and enhance operational resilience.A recent Australian Compliance Institute webinar delved […]