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ARTICLE · 21 DECEMBER 2014

New international compliance standard launched

Clayton Utz
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The International Organization for Standardization has now published the standard for compliance management systems.

AustraliaCorporate/Commercial Law
Randal Dennings
Randal Dennings
Wei-Loong Chen
Wei-Loong Chen
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The International Organization for Standardization has now published the international standard for compliance management systems ISO 19600-2014.

ISO 19600 is based on and will replace AS 3806-2006, the Australian Standard for compliance programs – as a result, when regulators adopt ISO 19600 as their compliance benchmark for regulated entities, Australian companies who already have an AS 3806-aligned compliance system will find they have a competitive advantage when they compete internationally.

What do you need to do now?

The principles in ISO 19600 are substantially similar to those in AS 3806, so any organisation whose compliance system already aligns with AS 3806 will have little to do apart from a quick health check.

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