Regular readers will be familiar with my efforts to graphically represent compliance (see video here).
For our last Langes Compliance Assurance meeting I created a flow chart here.
I have been experimenting with Mind Manager and I have created a new interactive version of the compliance process here.
It takes about 20 minutes to explain this chart which combines your Australian Financial Service Licence obligations with the proposed Australian Credit Licence obligations.
But you can get a quick understanding by looking at the topics and their linkages. You can see additional notes by clicking on the + sign next to topics.
Of course this process does not replace a compliance “culture” but it makes it easier to explain compliance to your staff.
Integrated AFSL and ACL Compliance Plan