Entries by GRC Solutions

Fatal accident highlights lack of health and safety controls

The Gisborne District Court recently fined a transport operator $80,000 and ordered him to pay $100,000 in compensation for the death of a contractor who was tragically killed during his first day working for Hawke Equipment Limited. Mr James Walter Beau Thompson, who headed Hawke’s log operations in Gisborne at the time of the accident, […]

Restoring team culture after a workplace incident

When a workplace incident occurs, the focus is automatically on those directly involved. And rightfully so. But what about the wider team? Staff often don’t know the full story but are well aware something has occurred. Speculation ensues and there you have it: the team is on edge, productivity nosedives and Seek profiles are being […]

GRC Solutions recognises the importance of Privacy Awareness Week

May 15-21 is Privacy Awareness Week (PAW). PAW is an annual initiative started by the Asia-Pacific Privacy Authorities in 2006. It is aimed at promoting awareness of privacy and the importance of protecting personal information. This year’s theme is Privacy in your hands, which reinforces the need for individuals, organisations, and business to be vigilant […]

For the Love of the Game: Corruption & Sports NGOs

This article, written by GRC Solutions Expertise Panel member Jeremy Sandbrook and co-authored with Liz Burton,  examines some of the types of corruption that has taken place within sports NGOs, why they are so susceptible to it, and what some of the potential solutions are to solving the problem. While sport is now the dominating source […]

World Day for Safety and Health at Work and Workers’ Memorial Day

Tuesday 28 April is World Day for Safety and Health at Work and Workers’ Memorial Day – a day to focus and take action on work-related injuries and fatalities. Every year two million people lose their lives through work-related accident and disease. While the number of Australians injured or killed at work has decreased over […]

Whitepaper : The future of compliance training

Over the last decade, technological advances have had a profound impact on the compliance function across industries. More powerful analytical tools, the arrival of “Big Data”, automated tracking and reporting, global risk databases and other innovations have fundamentally changed how compliance works. Download a copy of the whitepaper in order to understand, what is the […]

Shots fired in the corporate culture wars

Shots have been fired between corporate regulators and the banking sector over the responsibility of company directors in setting corporate culture. An indication by Australian Securities and Investments Commission (ASIC) Chairman Greg Medcaft last week that the Crimes Act could be extended to place personal criminal liability on bank directors for poor corporate culture has […]

GRC Solutions wins big at the 2016 LearnX Impact Awards

GRC Solutions is thrilled to announce that we have won multiple awards at the 2016 LearnX Impact Awards. The LearnX Impact Awards recognise the exceptional impact of organisational learning, technology and performance in the compliance space. This year GRC Solutions submitted entries with American Express, Catholic Commission for Employment Relations. GRC Solutions was also recognised […]

Substantial damages awarded in two sexual harassment cases

Sexual harassment cases are attracting substantial awards of damages, as two recent cases in Victoria show. The recent 2015 Victorian cases of Mathews v Winslow Constructors and Collins v Smith illustrate the personal toll that harassment can take. Kate Mathews was subjected to misogynistic abuse, unwelcome sexual advances and threats of sexual violence during her two years working as […]

Health and safety failures end in tragedy

A 20-year-old driver was tragically killed by a recycling bin-lifter as a result of Envirowaste Services Ltd, the household refuse and recycling company, failing to provide adequate work health and safety training. The fatal accident occurred in March 2015 when the victim, Junior Hunt, became trapped between a recycling truck’s semi-automatic bin-lifter and the centre […]

Singapore trio hand out bribes to win business from Apple

Three businessmen have been jailed for 27 weeks for committing bribery in Singapore. The trio gave bribes totalling USD$383,295 to Apple’s then global supply manager Paul Shim Devine in order to secure business. Tan Thiam Chye, Tan Kah Huat, and Chuow Chun Lim, also offered bribes to Andrew Ang Kok Kiat, sales director of Jin […]

Why All This Hostility To Compliance Training?

The old methods of compliance don’t work anymore. That’s the general argument made in a white paper entitled The Future of Compliance Training written for the adaptive e-learning company Better. We all understand the frustrations commonly associated with compliance training – the very frustrations that typically make audiences hostile towards this kind of enforced training. After all, compliance […]

How Adaptive Compliance Training Reduces Fatigue

In this video interview (part III of IV), Julian Fenwick, shares the value of Adaptive Compliance Training in today’s e-learning environment. In this short compelling video, Julian addresses how Adaptive Compliance Training: Delivers content in a more effective manner, saving organisations a substantial amount of time/hours in their compliance training programs while at the same […]

Julian Fenwick and Richard Bistrong discuss Challenges and Trends in Anti-Bribery Risk Management

In the second part of our interview,  Julian Fenwick, shares his experience and practice with respect to anti-bribery risk management. In this interview, Julian addresses: The temptations to ‘cut corners’ where forward positioned sales staff come under sales and performance pressure. The importance of viewing anti-bribery compliance as part of being a responsible global citizen. […]

Julian Fenwick and Richard Bistrong discuss Anti-Bribery & Compliance in Australia & Asia

The first in a multipart interview, our Managing Director, Julian Fenwick, shares his experience, perspective, and practice, with respect to anti-bribery and compliance challenges for multinationals which are either based in Australia and/or Asia, or with subsidiaries in the region. Julian shares his views with how regulatory awareness in the region has impacted compliance efforts, addressing […]

Crime and Corruption Commission discovers Boiler Room Scam

Seven people were arrested and charged last week as a result of a Crime and Corruption Commission (CCC) and Queensland Police Service (QPS) joint investigation into “boiler-room” scams in the Gold Coast. “Boiler-room” scams involve cold calling and attempting to induce people into buying products or investments that are either grossly overvalued or entirely worthless. […]

The ACCC sets compliance and enforcement priorities for 2016

The Australian Competition and Consumer Commission (ACCC) will renew its focus on cartels, indigenous consumer protection, and agriculture under a revised set of compliance and enforcement priorities. Announcing the changes at a CEDA event in Sydney on Tuesday, Commission Chairman Rod Sims said the regulator would continue to take a “strong line” on cartel conduct, […]

Press Release – Salt Compliance just got a whole lot Better!

Governance Risk & Compliance Solutions, the developers of Salt Compliance, are pleased to announce the recently completed acquisition of Better (US) Inc. The combination of GRC Solutions’ highly experienced compliance content development team, paired with Better’s advanced adaptive eLearning technology, creates an innovative and holistic approach to the delivery of compliance training in regulated industries. […]

Sam Gibbins will be presenting a roundtable discussion at the Asian Financial Services Congress 2016

Sam Gibbins, GRC Solutions’ General Manager (Asia), will present at the Asian Financial Services Congress 2016. The theme for this year’s event is Beyond Digital – Making Experiences Count. On 3 March, Sam will join other participants in exploring the landscape of governance, risk and compliance today. In recent times there has been an unprecedented […]

Australia falls in international corruption ranking for third consecutive year

Three years ago, Australia was in the top ten countries in the world on anti-bribery organisation Transparency International’s Corruption Perceptions Index (CPI), but 2015 saw our ranking slip to number 13. Chairman of Transparency International Australia, Anthony Wealy, QC, commented saying Australia has become complacent in the face of corruption, and the ranking is a […]

Misleading consumers costs Harvey Norman $52,000

A Harvey Norman franchisee has been fined AUD$52,000 for making false or misleading representations about consumer guarantee rights. Bunavit Pty Ltd, which operates the Harvey Norman Superstore Bundall in Queensland, is the latest of ten Harvey Norman franchisees around the country to be penalised by the Federal Court for breaching consumer protection laws. The Australian […]

Terrorist financing on the rise, says AUSTRAC

Australia’s financial intelligence agency, the Australian Transaction Reports and Analysis Centre, (AUSTRAC), received 81, 074 “suspicious matter reports” in the last financial year. 536 were identified as linked or potentially linked to terrorism. That’s a 300 percent increase in the number of financial transactions suspected of being linked to terrorism. “2014 was the deadliest year […]

Misleading labelling causes a consumer law headache for Nurofen

The manufacturer of painkiller label Nurofen has misled customers by falsely claiming that its products target different types of pain. Nurofen has been selling a range of products that purportedly targeted different types of pain, including back pain, tension headache pain, period pain and migraines. In fact, its products contain the same active ingredient: 342 […]

Mining director in major insider trading case

A mining managing director was involved in an insider trading case that belongs “in the most serious category in all the circumstances,” NSW Supreme Court judge Peter Hall has heard. Prosecutor Robert Bromwich made the remark of former Hanlong Mining director Steven (Hui) Xiao, who pleaded guilty to three charges of insider trading on September […]

Failure to prevent bribery catches up with Sweett, ICBC Standard Bank

An independent provider of construction and infrastructure management services has admitted that it failed to prevent staff from offering bribes in the Middle East. The Sweett Group operates services in the Asia Pacific, Europe and the United States. According to the UK Serious Fraud Office (SFO), the Sweett Group acknowledges that its employees offered to […]

A day to celebrate people with disability

It’s International Day of People with Disability (IPDwD) today, a United Nations-sanctioned day that is celebrated worldwide. The IDPwD website has this to say about the day: “It aims to increase public awareness and acceptance of people with disability and celebrate the achievements and contributions of people with disability.” Breaking down the barriers for people […]

Whitepaper : Contemporary Trends in Conduct Risk

Virtually synonymous with every fresh scandal that rocks the financial services industry, ‘conduct risk’ has by now become a familiar term from the governance, risk & compliance lexicon. Yet it is, both in theory and practice, remarkably complex and broad-ranging. It overlaps with other categories of risk, from market and credit risk to operational and […]

Kroll fraud report highlights third party bribery and corruption risk

Half of the executives polled in an international survey have expressed concern over the risk their companies faced when dealing with overseas third parties, the recent Kroll Global Fraud Report revealed. The Kroll Global Fraud Report surveyed over 750 senior executives from a variety of industries and countries worldwide. Two in five respondents said they […]

December 9 is International Anti-Corruption Day

This important campaign aims to celebrate the United Nations’ Convention against Corruption. It also takes stock of worldwide efforts to tackle corruption. Sponsored by the UN Office on Drugs and Crime (UNODC) and the UN Development Program, it attracts widespread engagement and support internationally. According to the Anti-Corruption Day website, “Corruption is a serious crime […]

We’re launching a new Diversity & Equality course

GRC Solutions is proud to announce that we’re launching a new Diversity & Equality course, featuring new content and a fresh design. Bullying, sexual harassment and discrimination have no place at work. Our Diversity & Equality training modules (previously called Workplace Behaviour) form one of our flagship courses, promoting healthy workplace relations among managers, supervisors […]

ACCC cracks down on misleading ‘drip pricing’ practices

Misleading and deceptive conduct is often thought of in relation to giving false information about prices or processes. But the Australian Competition and Consumer Commission’s (ACCC) recent pursuits of drip pricing practices demonstrates that this conduct can also involve omitting information. In November, the Federal Court found that Jetstar Airways and Virgin Australian Airlines had […]

GRC Solutions writer wins Australian Law Reform Commission prize

Congratulations to one of our content authors, Justin Pen, for winning the Australian Law Reform Commission’s essay competition. Justin received the award from former High Court judge Michael Kirby at the Commission’s recent 40th anniversary celebrations held in Sydney. In answering the question “Why is an independent ALRC good for Australia?” Justin demonstrated broad research […]

Macau real estate billionaire latest charged in UN bribery case

Billionaire real estate developer Ng Lap Seng is the latest person to have been indicted in the US for involvement in a scheme to bribe former president of the United Nations General Assembly, John Ashe. Three other people have been named in the indictment, including former chief executive of the Global Sustainability Foundation and Australia-China […]

Hitachi hit with USD$19 million fine for bribery

Tokyo conglomerate Hitachi was forced to pay USD$19 million in penalties, following a Securities and Exchange Commission (SEC) investigation which revealed the company had inaccurately recorded improper payments to South Africa’s ruling political party, the African National Congress (ANC). Hitachi knowingly sold a 25% stake in one of its South African subsidiaries to a front […]

Workplace bullying online and offline

Facebook, LinkedIn and Twitter have become big drivers of traffic for all sorts of companies and businesses. However, it’s important to remember that actions on social media have a real impact on workplace culture and allegations of harassment and bullying, as one Tasmanian real estate agency recently discovered. Earlier this month, the Fair Work Commission […]

Former Singapore resort director charged with corruption

An ex-director of one of Singapore’s major integrated resorts faces up to five years’ jail and/or a fine of SGD$100,000 for seven charges of corruption. Soh Yew Meng was allegedly paid at least SGD$317,000 in bribes in the course of his position as director of Resorts World Sentosa (RWS). The bribes were said to have […]

A positive risk-based approach to compliance programs

We are often asked whether compliance programs are mandatory. This question is hard to answer without understanding the context in which the question is asked. All organisations must have a program in place to ensure they and their staff are aware of, and complying with the law, so the real question is: “what sort of […]

“Sextortion” – an overlooked form of corruption

When we think of “corruption”, we tend to think of the provision of monetary bribes. But as the 16th International Anti-Corruption Conference (IACC) has highlighted, corruption comes in many forms. One such form is the abuse of official power to extort sexual favours, or “sextortion”. According to Interpol, there are hundreds of thousands of victims […]

Pork industry under fire for misleading conduct

The pork industry’s peak representative body, Australian Pork Limited, and a slew of traders accepted a series of enforceable undertakings last week, following an investigation by the Australian Competition and Consumer Commission (ACCC). An investigation conducted by the ACCC found that several pork providers advertised their products as “free range”, “bred free range” and “bred […]

Visa faces $20 million fine in misuse of market power case

Visa is likely to face a fine of up to $20 million after a landmark case was won by the Australian Competition and Consumer Commission (ACCC). The confidential settlement comes after a Harper Review proposal called for an “effects test” for misuse of market power rules. Wesfarmers chief, Richard Goyder, was critical of the proposed […]

Salt Report Enhancements

Recently GRC Solutions implemented some minor enhancements to our suite of reports based on feedback from our clients, they are as follows: 1. Current Admin Report Added email address field for easier user identification 2.  Course Status Report User Status field enables/disables based on whether Inactive users has been chosen 3.  Warning Report User Status field […]

FCPA: Avon learns a lesson in bribery

Breaching the U.S. Foreign Corrupt Practices Act (FCPA) can attract a number of sanctions – criminal charges, civil penalties, and shareholder lawsuits and sometimes, as Avon Products recently learnt, all three. Pending the decision of a federal judge in New York, the international beauty and consumer goods manufacturer may be facing a combined bill of […]

SEC charges software executive pleads guilty to bribery offences

A former vice president of global and strategic accounts for international software manufacturer, SAP SE, has agreed to settle criminal charges over breaches of the Foreign Corrupt Practices Act (FCPA). An US Securities and Exchange Commission (SEC) investigation found that the executive, Mr Vicente Garcia, was responsible for a scheme whereby SAP sold software to […]

Queensland Supreme Court awards $237,700 to bullying victim

Bullying in the workplace, when left unchecked, can become a serious problem for businesses, as a retail fashion store in Queensland recently discovered. In a recent case before the Supreme Court of Queensland, an employee, who was bullied by her supervisor for 11 days, was awarded $237,700 for emotional stress and psychiatric injury. This case […]

Top Hollywood studios face European Union (EU) competition charges

The EU has accused six major Hollywood studios and UK’s pay TV operator Sky TV of using their licensing contracts to illegally block some viewers’ access to digital media content. Regulators argue that the studios (including Disney, Paramount Pictures, Sony and Twentieth Century Fox) have individual agreements with Sky requiring Sky to withhold access to […]

Whitepaper : A contemporary look at compliance maturity models

  This paper introduces GRC Solutions’ latest compliance maturity model. Commentary focuses on the role of risk and compliance systems in working towards compliance as the outcome of doing profitable and sustainable business.               Please complete this form to download this guide *Please note, to save this guide onto […]