Upon completion of an ICA qualification, you may find yourself wondering what comes next and how you can make the most of your new qualification. Here we discuss the nine key steps to maximise the potential for professional success that your ICA qualification offers.....More
On 8 May 2019, the Central Bank of Ireland found Campbell O’Connor & Company, a private client stockbrokers
This is the question we get asked the most. With ICA Briefing Sessions in full swing at the moment, it seemed like it was worth addressing. So what do we tell you? Essentially, there are two main pieces of advice we normally focuse on when discussing ICA qualifications....More
As the Global Head of Financial Crime Risk Screening for AML, counter terrorist financing, PEPs and adverse media at HSBC in London, James Leake knows a thing or two about compliance. Let's meet James and take on board his sage advice.
The betting and gaming sector has been the recipient of a number of financial penalties over the last eighteen months for a lack of compliance with statutory and regulatory measures....More
David Jackman highlights the challenges associated with efforts to measure whether the SMCR is working
The landscape of financial crime risk has been transformed in recent years with ever-increasing lapses in the anti-money laundering (AML) risk controls of global financial institutions.....More
An amendment to the Sanctions and Anti Money Laundering Bill was approved by the British government in May. The headline news from the amendment was that from 2020 British Overseas Territories (BOT) will be obliged to publish the beneficial owner(s) of all registered companies.
Thanksgiving Day is upon us, and in celebration of the annual harvest, we have collated our top five blogs with US origins. Let’s take a retrospective look at our favourite blogs from the last year, with a keen focus on the United States.
How many of us, if we were then asked to think of terrorism and the Caribbean, would think back to the bygone era of piracy; of Calico Jack and mutiny on the seas? This era ended around the 1830s so surely terrorism is something that now happens outside of the Caribbean, doesn’t it?....More
CEO Satya Nadella made the news last year when he revealed the secret of improved culture at Microsoft over the last few years has been down to the embracing of a learn-it-all culture.
Come on, admit it, we’ve all thought this at some point. It’s getting towards the end of the year and your Manager or HR team are checking your records. You’re supposed to do 35 hours (or thereabouts). Some can be structured, some unstructured. Does that day spent learning how to make PowerPoints more engaging count? When was it? Oh, if only you’d written it down at the time!....More
Can you guess where this quote is from? The quote in itself is beautiful, don’t you think? It is not from Einstein, or Socrates, or even Gandhi who all have attributed to them great sayings about learning and wisdom. This quote is actually from B.B. King American blues singer and musician, who sadly died last week. For me, this quote encapsulates everything about why people engage in a journey of learning, it is more to do about something within you rather than something outside of your control. Because the reality of it is that once you embark on a course of study, for example a degree, or a postgraduate course or diploma of some sort, only you can determine the success of achieving that goal.
On 26 February I had the privilege of representing the ICA by attending and speaking at the 4th Annual ICA Conference in Moscow, organised by our Russian partners, International Compliance Services. This year the conference theme was ‘The Era of GRC: Governance, Risk and Compliance – Introducing the Unitary International Compliance Standard’.....More
This month’s APAC bulletin from the ICA looks at the massive and sudden resurgence of terrorist financing threat from the Middle East, we glimpse inside the Singaporean financial sector and comment on how APAC financial institutions could get the jump on compliance culture changes spearheaded in Europe and the US.
The regulatory environment, and consequently the role of compliance, has changed significantly in recent years. There has always been significant overlap between regulatory compliance and risk management - the compliance function’s fundamental purpose after all, is to manage the firm’s regulatory risk. And more recently we have seen how a firm’s governance, culture and organisational behaviour are core to how all risk is managed within the firm.....More
For many people membership of the ICA is a natural progression after successfully completing an ICA diploma. Becoming a Professional Member of the ICA brings certain benefits such as access to our quarterly journal, inCOMPLIANCE; continued access to the ICA website and the wealth of resource it contains; discounts at various trade events and conferences… and of course the professional designation ‘MICA’. But what does professional membership say about you?
The way you approach an exam can have a massive impact on the outcome. Subject matter knowledge is crucial but this is only half the battle. You’ve studied the course for months, digested the wider reading and put the effort into completing the assignments. Now you want to pass with the highest score you can, achieve the certification and put all you have learned into practice. Here are five tips that will help you achieve your goal.....More
If you are reading this as the holder of a compliance qualification then "congratulations!" You are, according to recent PwC research, hot property. PwC found that a staggering 100% of heads of compliance at UK asset management firms believe that there is currently a shortage of appropriately qualified compliance professionals in the market, and most expect this trend to persist for the next 2 to 3 years.
It’s the season for reviews and compilation of lists. Top ten books. Top ten films. Contenders for personality of the year. Top ten presents to be bought for under a fiver that won’t disintegrate within 10 seconds of being opened. There are reviews of the news events from over the last 12 months, reviews of people who hit the headlines and our personal favourite here in ICA, the review letter s– typed – that come with the Christmas cards. ..