Standards Australia releases AS 8001-2021 Fraud and Corruption Control

25 June 2021 | Dean Newlan

AS 8001 Fraud and Corruption Control has provided benchmark fraud and corruption control guidance for Australian corporations since 2003. The third edition of the standard was released on 11 June 2021 as AS 8001-2021. The...

Technology & Cyber Cyber & Information Risk Financial Crime Exchange Insight 25 June 2021
The growing menace of corruption in global business

11 June 2021 , Siobhan Hennessy & Dean Newlan

McGrathNicol’s Financial Crime Exchange (FCX) recently hosted a webinar highlighting the growing menace of corruption in global business. The webinar followed release of the Transparency International Corruption Perceptions...

Advisory COVID-19 Financial Crime Exchange Forensic Insight 11 June 2021
Transparency International report highlights COVID-19 linked corruption

2 March 2021 | Jessica Bradbury & Dean Newlan

Transparency International (TI) recently released its Corruption Perceptions Index 2020 (CPI Index) which ranks 180 countries/territories according to perceptions of public sector corruption in each country. The report described...

Advisory COVID-19 Financial Crime Exchange Forensic Insight 2 March 2021
International Fraud Awareness Week – Watch the webinars on...

22 December 2020 | Dean Newlan, Matt Fehon & Graham Newton

We recently held a series of webinars to mark International Fraud Awareness Week 2020. The webinars included discussions on a broad range of current and emerging financial crime trends and provided insights into how governments...

Financial Crime Exchange News 22 December 2020
Key elements of the Australian Cyber Security Strategy 2020

19 November 2020 | Dean Newlan & Jessica Bradbury

Darren Kane, Chief Security Officer at NBN Co, recently joined McGrathNicol Advisory Technology & Cyber Partners Blare Sutton and Shane Bell for an FCX webinar to review the Federal Government’s Australian Cyber Security...

Advisory Financial Crime Exchange Forensic Technology & Cyber Insight 19 November 2020
Australia dragging its heels on public sector corruption in...

18 November 2020 | Graham Newton

Corruption costs the global economy trillions of dollars a year and has the potential to damage the principles of democracy, justice and the economy. Australia is a relatively clean country, especially when compared to countries...

Advisory Financial Crime Exchange Forensic Insight 18 November 2020
Cyber-attack and corruption the standout financial crimes of 2020

16 November 2020 | Dean Newlan & Jessica Bradbury

The two standout financial crimes of 2020 were cyber-attack and corruption. While each was common prior to COVID-19, the pandemic has raised the threat level of both across all sectors. Cyber-attacks frequently reported during...

Advisory COVID-19 Financial Crime Exchange Forensic Technology & Cyber Insight 16 November 2020
New AS 8001 Fraud and Corruption Control standard in...

2 June 2020 | Dean Newlan

Australian Standard AS 8001 Fraud and Corruption Control has been accepted as the benchmark for best practice in fraud and corruption control in Australia since 2003. For many Australian organisations across all sectors, AS 8001...

Financial Crime Exchange Forensic Insight 2 June 2020
Is your whistleblower program effective against COVID-19 risk?

22 April 2020 | Dean Newlan & Ben Cheah

Working remotely has become the norm due to the disruptions caused by COVID-19. Organisations need to refocus their whistleblower policies in light of staff working from home en masse for the first time ever. Working from home...

Advisory COVID-19 Financial Crime Exchange Forensic Insight 22 April 2020
How to detect and disrupt inappropriate procurement activity

22 November 2019 | Michael Shanahan

For many years our work has reinforced the ongoing risks presented by procurement fraud. Organisations need to be vigilant against unscrupulous suppliers attempting to influence employees. This influence can be caused by...

Advisory Financial Crime Exchange Forensic Insight 22 November 2019
Three considerations when dealing with matters requiring investigation

21 November 2019 | Graham Newton & Wade Garrard

I think all of us would like to be investigators at some time. The intrigue, challenge or simply wanting to uncover the facts fascinates us all. The reality is that it is a role that comes with considerable risk. Planning an...

Advisory Financial Crime Exchange Forensic Insight 21 November 2019
The more things change, the more they stay the...

18 November 2019 | Sara Deady

In 1849, French writer Jean-Baptiste Alphonse Karr wrote  “plus ça change, plus c'est la même chose “ – the more things change, the more they stay the same… Filled with apprehension, in mid-2018, I returned from...

Advisory Financial Crime Exchange Forensic Insight 18 November 2019
Clarifying whistleblower protections and the importance of a robust...

9 August 2019 | Dean Newlan

McGrathNicol’s FCX recently hosted an expert panel comprising Corrs Partner Abby Gill, Griffith University’s Professor AJ Brown, ANZ Whistleblower Program Lead Clare Molan and Head of ASIC’s Office of the Whistleblower...

Advisory Financial Crime Exchange Forensic Insight 9 August 2019
Whistleblower legislation to become law on 1 July 2019

18 March 2019 | Dean Newlan

The Treasury Laws Amendment (Enhancing Whistleblower Protections) Act 2019 was passed by the House of Representatives on 20 February 2019 and received Royal Assent last week. On becoming law on 1 July 2019 it will introduce...

Advisory Financial Crime Exchange Forensic Insight 18 March 2019
Misconduct in the Banking sector – it’s just not...

8 February 2019 | Dean Newlan

The final report of the ‘Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry’ (universally known as the ‘Banking Royal Commission’) landed with a thud on Monday and will serve...

Advisory Financial Crime Exchange Forensic Governance, Risk & Compliance Insight 8 February 2019
Michael Woodford MBE: a story of loyalty and betrayal...

11 December 2018

In the lead up to International Fraud Awareness Week (12-16 November), McGrathNicol’s Financial Crime Exchange (FCX) hosted over 200 senior executives to hear from Michael Woodford, former Olympus CEO and whistleblower, who...

Advisory Financial Crime Exchange Forensic Insight 11 December 2018
FCX Panel Discussion | The Façade of Fraud

19 November 2018 | Matt Fehon & Caroline Mackinnon

To mark International Fraud Awareness Week, McGrathNicol’s financial crime collaboration hub FCX hosted a series of expert events in our Sydney, Melbourne, Brisbane and Canberra offices to discuss experiences and challenges for...

Advisory Financial Crime Exchange Forensic Insight 19 November 2018
Banking Royal Commission highlights cultural issues within Financial Services

28 March 2018 | Dean Newlan

The Banking Royal Commission commenced public hearings in earnest on 13 March 2018 in what the Commissioner, The Hon. Justice Kenneth Hayne has referred to as the Round 1 hearings focusing on “consumer lending practices within...

Advisory Financial Crime Exchange Forensic Insight 28 March 2018
Australia slips further in anti-corruption ratings

6 March 2018 | Dean Newlan

International corruption fighting NGO, Transparency International (TI), released its 2017 Corruption Perceptions Index (CPI) on 27 February 2018. The report revealed some worrying trends for Australian business in the context...

Advisory Financial Crime Exchange Forensic Insight 6 March 2018
Forensic Forecast 2018

28 February 2018 | McGrathNicol

Tighter regulation, increased regulatory scrutiny, significant media attention and expectations for greater transparency are balancing the growth ambitions of Government and the business sector. Ultimately, we are seeing the...

Advisory Financial Crime Exchange Forensic Technology & Cyber Report 28 February 2018
Whistleblower compensation is sorely needed

13 December 2017 | Matt Fehon

I was a teenager working at Walton’s department store when, in 1986, one of Walton’s senior managers discovered that the store’s new owners, the Bond Corporation, had embarked on a creative method of recognising revenue. As...

Advisory Financial Crime Exchange Forensic Media 13 December 2017
Understanding the risks and implications of fraudulent underpayment of...

11 December 2017 | Robin Tarr

A growing number of high profile large Australian companies have been on the receiving end of adverse media attention alleging the deliberate underpayment of employee entitlements. The fallout from these allegations has resulted...

Advisory Financial Crime Exchange Forensic Media 11 December 2017
Why Australia’s strengthening whistleblower protections are good for business

17 November 2017 | Dean Newlan

This year has marked a significant shift in Australia’s approach to the protection of whistleblowers who report corporate wrongdoing within their workplace. Given these changes, businesses need to be thinking not just about how...

Advisory Financial Crime Exchange Forensic Insight 17 November 2017
Australia dragging its heels on public sector corruption in...

16 November 2017 | Graham Newton

Corruption costs the global economy $2.6 trillion a year and has the potential to damage the principles of democracy, justice and the economy. Australia is a relatively clean country, especially when compared to countries such as...

Advisory Financial Crime Exchange Forensic Insight 16 November 2017
FCX Panel Discussion – Gambling: The Hidden Addiction

15 November 2017 | Caroline Mackinnon & Matt Fehon

To mark International Fraud Awareness Week, McGrathNicol’s collaboration hub FCX last night hosted a series of expert panels in each of our offices in Australia and New Zealand to discuss experiences and challenges for...

Advisory Financial Crime Exchange Forensic Insight 15 November 2017
Whistleblower legislation – implications on your business

25 October 2017 | Dean Newlan

The Federal Government released its long-awaited draft whistleblower protection legislation on 23 October 2017. If passed as currently drafted, the Treasury Laws Amendment (Whistleblowers) Bill 2017 will create a single...

Advisory Financial Crime Exchange Forensic Insight 25 October 2017
Eighteen Australian Universities discuss financial crime research

2 August 2017 | Dean Newlan & Matt Fehon

McGrathNicol’s collaboration hub FCX last week hosted more than 45 representatives from 18 Australian Universities at a roundtable for a presentation on the latest research into financial crime and to share industry experiences...

Advisory Financial Crime Exchange Forensic Insight 2 August 2017
Heightened risk of fraud facing Australian universities

27 July 2017 | Graham Newton

McGrathNicol fraud risk management expert Graham Newton recently spoke with the Australian Financial Review’s education editor about the heightened risk of fraud facing Australia’s Higher Education sector. According to Graham...

Advisory Financial Crime Exchange Forensic Media 27 July 2017