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.

Courses Available

Select a course for more information

Value and Ethics

A hands-on workshop aimed at instilling company values. We explore the role of ethics to individual job roles and use practical examples to resolve common ethical dilemmas within the workplace, whilst enforcing company policy and the law.

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.

AML Compliance Culture for Remittance companies

Using a mixture of recent, real cases, and scenario analysis, this workshop 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 also demonstrate the wider business implications, as well as individual impact of poor analysis and control.

Trade Based Money Laundering (TBML)*

Trade Based Money Laundering.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 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.

*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. This facilitated workshop is designed for financial services licensees and their staff to assist in compliance with RG 181.

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.

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.

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.

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.

FATCA and CRS*

The Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) are two requirements aimed at improving tax compliance globally. They are both complex and require financial institution staff to have a general awareness of the issues they raise, and the reporting requirements.

FATCA

FATCA is the US legislation designed to prevent US taxpayers holding financial assets offshore and avoiding tax. 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.

*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.

*Course is under development

Responsible Managers Training

This course is for current or nominated Responsible Managers for Australian Financial Services Licensees. Learn about your general obligations as a Responsible Manager, the role of ASIC, current and emerging issues for Australian Financial Services Licensees, Risk management and ethical expectations of finance professionals.

Download Facilitated Training Brochure