Facilitated Workshops and Blended Learning

We know compliance. The team at GRC Solutions has a wealth of in-house educational expertise supported by the unrivalled skills of our expertise panel. From the board and executive teams to organisation wide programs, we can work with you to customise our programs or to develop training and facilitated workshops specifically to suit your needs on a vast range of compliance, conduct risk and ethics topics. To understand how our team can assist please contact us.

Values and Ethics

A hands-on and practical workshop aiming to instil company values and exploring how ethics apply, and should be applied, to individual job roles. It provides a framework for identifying and analysing ethical dilemmas and how to resolve them according to company policy and, importantly, within the law.

Anti-Money Laundering

This workshop focuses on the current liability regime locally and globally. Using a mixture of recent cases and scenario analysis (including imposed fines, business limitations, licence revocations and personal punishments) the session will explore the wider business implication of poor control and the individual impact.

Diversity and Inclusion

Every organisation must comply with standards that accommodate and promote diversity and inclusion. This workshop analyses the definition of an inclusive workplace culture and, more practically, how it is developed and tailored to an individual organisation, and the secrets behind a successful implementation.

Bribery and Corruption

Each year, more than $1 trillion is paid in bribes worldwide. This session includes an overview of local and international laws and standards, and examines recent cases. It provides an overview of key policy measures a company can take in safeguarding the organisation – in particular around facilitation payments, and gifts and entertainment.

Restoring Team Culture

Harassment, discrimination and bullying incidents don’t happen in isolation. Once an incident is uncovered, investigated and remediated there will still be a hole in the culture of that team affecting productivity, morale and staff retention. This session will look at recent cases, evaluate strategies, and provide you with practical tools to remediate culture following an incident in your workplace.

Fraud Awareness

This interactive workshop is invaluable for anyone interested in countering organisational fraud as it provides participants with the knowledge and tools to tackle the problem. We will demonstrate what you can do to pre-empt and prevent fraud. Participants will learn how to spot fraud and develop their own fraud and corruption risk assessment.

AML Compliance Culture for Remittance companies

Using a mixture of recent, real cases, and scenario analysis, including previously imposed fines, business limitations, licence revocations, and personal punishments, the session will explore the issues pertaining to Compliance risks specifically focused on Money Services Businesses, Remittance, mobile money and payment transfers, and regulations covered by MAS Notice 3001.

We will develop through real scenarios to see not only the wider business implication of poor analysis and control, but also the individual impact which has, and will continue to be, delivered to offending institutions and their employees.

FATCA and CRS*

The Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) present a significant ramping up in governments’ efforts to improve tax compliance globally.

FATCA

FATCA is the US legislation designed to prevent US taxpayers with financial assets held in and offshore accounts from avoiding tax on their income and assets. Foreign financial institutions have agreed to report on these U.S. account holders to the Internal Revenue Service (IRS), the alternative is a 30% withholding on all U.S. income.

CRS

CRS is the Organisation for Economic Cooperation and Development (OECD) version of FATCA and is a global reporting standard for the between signatory governments and financial institutions. More than 96 countries have agreed to share information on residents’ assets and incomes in conformation with reporting standards.

Both FATCA and CRS are complex and require financial institution staff to have a general awareness of the issues they raise, and the reporting requirements.

*Course is under development

Trade Based Money Laundering (TBML)*

According to the Financial Action Task Force (FATF), there are three main methods by which criminal organisations and terrorist financiers move money for the purpose of disguising its origins and integrating it into the formal economy. The first is through the use of the financial system; the second involves the physical movement of money and the third is through the physical movement of goods through the trade system or Trade Based Money Laundering.

TBML is the process by which criminals use a legitimate trade to disguise the proceeds of crime and bring funds into the open market. The process can involve a numerous schemes which are designed to complicate the documentation of legitimate trade transactions; such actions may include moving illicit goods, falsifying documents, misrepresenting financial transactions, and under- or over-invoicing the value of goods.

Training of staff to recognise TBML red flags is an important part of an organisation’s compliance program. The workshop can also be tailored to your organisation’s policies and procedures.


*Course is under development

Sanctions*

Sanctions are the restrictions imposed on the economic activity of, or economic interaction with, specified individuals, organizations, and/or States. Managing sanctions compliance has become an increasingly complex issue, particularly as sanctions may change over time or be lifted with little or no warning. One US bank agreed to pay $88.3 million in 2009 as part of a settlement with the Treasury Department over a series of transactions involving Cuba, Iran and Sudan, since then some of those sanctions have been lifted.

This workshop takes a global look at sanctions regimes imposed by the United Nations, European Union and United States as well as considering local implications and applicability. The workshop can also be tailored to your organisation’s policies and procedures.

*Course is under development

Managing Conflicts of Interest

Recent failures to manage conflicts of interest within the financial services industry have drawn significant media and regulator attention. Licensees have an obligation to manage conflicts of interest and train their staff to be aware of them.

ASIC’s RG 181 states; Adequate conflicts management arrangements help minimise the potential adverse impact of conflicts of interest on clients. Conflicts management arrangements thereby help promote consumer protection and maintain market integrity. Without adequate conflicts management arrangements, licensees whose interests conflict with those of the client are more likely to take advantage of that client in a way that may harm that client and may diminish confidence in the licensee or the market.

This facilitated workshop is designed for financial services licensees and their staff to assist in compliance with RG 181 and can be tailored to suit your organisation’s policies and procedures.

Responsible Managers Training

GRC Solutions offer a facilitated course for current or nominated Responsible Managers of Australian Financial Services Licensees. Ensure compliance with the organisational competence obligation outlined in ASIC RG105 by attending GRC’s interactive workshop-based Responsible Managers course.

Topics:

  1. ASIC’s role and the obligations of Responsible Manager
  2. Current and emerging issues for Australian Financial Services Licensees
  3. Ethics, behavioural standards and expectations of finance professionals
  4. Risk management in the finance sector
  5. Risk management in the finance sector

Some of our clients