Continuous Professional Development (CPD)

 

 

 


What is CPD?

Continued Professional Development (CPD) is the assurance of commitment to a life-long process of learning and continuing personal development.

In the fast changing world of regulatory and financial crime compliance, it has never been more important to keep your knowledge up to date. This is why the best professionals in your industry commit to a meaningful regime of CPD. 

Creating a working plan to continuously develop your appropriate competencies will ensure that you perform at your best and will prepare you to meet your future career goals.

 

What is the ICA CPD Scheme?


The purpose of the ICA CPD scheme is to ensure that our professional members continue, maintain and enhance their expertise. 

How is CPD measured?
CPD is measured by the time spent undertaking a learning activity. The table below provides the amount of CPD hours members are recommended to achieve annually. Professional and Fellow membership level CPD requirements are mandatory in order to retain ICA Membership.

Membership Level CPD Annual CPD recommendation (hours)  Technical- (recommended hours) Non-technical - (recommended hours)
Affiliate   Optional 10 7 3
Associate (AICA) Recommended 35 20 15
 Professional (MICA) Mandatory 35 20 15
 Fellow (FICA) Mandatory 35 20 15


A 'CPD year' runs alongside your annual membership renewal cycle; there are no grace periods. Only CPD completed within this year will be considered as CPD achieved for that year. CPD hours carried out over the recommended annual requirement can not be carried forward to the next CPD year.

How do I decide what CPD to undertake?
When approaching CPD activities, we expect members to their own professional judgment as to the best way of assuring that you are making a meaningful contribution to the development of your knowledge, competencies, and skills. However, we strongly recommend our members undertake CPD that is relevant to their role and verifiable.

A crucial aspect of your role is to be up to date and conversant with current trends, topics, legislation and regulations and we are committed to providing ample opportunities, tools and resources to help you meet your CPD goals and demonstrate the highest level of professionalism and competence.

This will ensure that each ICA member is professionally competent and are maintaining and developing their knowledge and skills throughout their careers. 

What types of CPD does ICA recognise?
ICA recognises two distinct types of CPD - ‘technical’ and ‘non-technical’.

  • Technical CPD refers to any piece of learning related to your industry: AML, compliance, FCP, etc. These help you to maintain or develop the knowledge and skills that are essential to perform the technical/ practical /functional aspects of your current or desirable role, and may include professional qualifications, conferences, online learning, writing/reading a technical article, report etc.
  • Non-technical CPD refers to “soft skills” development, i.e. learning that can be applied in any industry: management, leadership, strategy developing items. These aid in the development of your overall skills and knowledge, and may include undertaking soft skills training, giving a presentation, etc.

 

Does CPD gained from other professional sources count?
We recognise that many are members of other professional bodies and may already comply with other CPD schemes. ICA Members can ‘double count’ CPD completed through other professional bodies towards completion of their ICA CPD obligation, provided all the other conditions of the ICA scheme are met.

What are 'competencies' and how do I set 'objectives'?
To help you decide which CPD content is right for you, we have aligned our CPD content to competencies which are mapped against the National Occupation Standards. By clicking on My Competencies in the My Profile section, you can select competencies that you want to develop and each competency is explained in detail. It will also list the specific CPD content available in the CPD Centre that relates to that particular competency. 

By selecting particular competencies you can personalise your CPD search to ensure it relates to your disciplines and functions, and set objectives to achieve them within your development plan. Any CPD you complete through the CPD Centre will be automatically assigned to this objective, allowing you to easily track your progress towards your goals.

How do I create a Development Plan and Log?
The development plan facility within your profile allows you to create objectives to complete. These can be added from your competency selection or added manually. If added automatically from your selected competencies we will suggest, under your plan, related CPD based on your chosen level. Anything logged in your CPD log that matches the selected competency will be added as an 'action'.

Your development plan is yours and you can design and maintain your plan to better suit your circumstances. However, we are more than happy to provide support, guidance and share best practice on this subject throughout your membership journey. 

 

Where can I access CPD?

What sources do ICA provide? 
ICA Membership offers a wide range of CPD activities for our members including online resources, conferences and events as well as provide discounted access to external events. You will enjoy access to a vast range of events, publications, videos and a library of online resources that are being constantly updated, making it easy for you to gain the required number of CPD hours.


The ICA CPD Centre - explained

Our CPD Centre is designed to suit differing levels of seniority and experience and provides general and jurisdiction-specific learning (both technical and non-technical).

All activities are stored within our CPD Centre and state how many CPD hours they are worth. Many of these are exclusive to ICA Members.

Not currently an ICA Member?
Visit the CPD Centre and view some examples of CPD content ►

ICA CPD Content includes:

1. Online learning: including e-learning modules, live and recorded webinars, videos and podcasts

2. Articles/ reports: including knowledge bites, articles, reports, whitepapers and quick guides

3. inCOMPLIANCE®: our bi-monthly magazine packed with articles from experienced practitioners on various hot topics.

4. Conferences, events, workshops, seminars, virtual classrooms

5. CPD events: Members can benefit from a range of events organised by recognised providers, including role-based and personal skills-focused events.

7. ICA Qualifications: Upon successful completion of any of the ICA qualification, CPD hours will be credited as set out below:

Course Type No. of hours
Certificate  15
Advanced Certificate  20
Diploma  35
Professional Postgraduate Diploma  35


Watch a short video on how to get the most from our CPD Centre.

 

If you face any issues with viewing the content, or have any feedback please report to ICA at CPD.ica@int-comp.org 

 

Contributing to ICA CPD Content
We also encourage our members to contribute to CPD Content, which can also be considered to gain valuable CPD hours.

As a member of the ICA compliance community, your voice should be heard. As an Affiliate, Associate, Professional or Fellow, your perspective on regulatory change, burning compliance issues and innovations in technology is important to us.

For example:

  • Contributing to an article in inCOMPLIANCE® or whitepaper can claim 5 CPD hours.
  • Contributing towards creating a CPD webinar or podcast can claim 3 CPD hours.

Please note: social networking events are not counted towards your CPD for ICA.

If you would like to submit some content on a topical issue in compliance and financial crime prevention, please submit your ideas to contributions@int-comp.org

 

How do I record my CPD attainment?

We provide all members with access to a simple online CPD Log which should be updated on a regular basis. The log is designed for you to quickly record all of your CPD activities with ease and keep track of progress. You can even store evidence of activities undertaken, such as event attendance certificates, alongside each record. 

Most importantly, this facility allows all CPD undertaken through the ICA website to be automatically recorded in your CPD log, which will significantly limit the amount of administration required to record your activities. 

 

How do I log external CPD activities?
Below are some examples of fulfilling your CPD requirements through external sources, and how to enter them into your CPD log.

  • Example 1: You spent 15 minutes reading a technical article. You need to enter this activity into your CPD log, mentioning the title of the article and all other necessary details, and CPD value as “15” (in minutes). This will equal to 0.25 CPD hour.
  • Example 2: You attended a one-hour AML workshop. You need to enter this activity into your CPD log, mentioning the details and attaching the proof of attendance, and CPD value of “60” (in minutes). This is equal to 1 CPD hour.

Please note, you may be asked to provide evidence for verification purposes, if you are selected for a CPD audit. Further details of this are explained below. 


CPD Regulations

Suspension of CPD regulations
The requirements of the ICA CPD scheme may be suspended in certain circumstances. For example, ICA Members not in employment due to illness, unemployment or maternity leave may suspend the CPD requirement during this period. It is not necessary to make a formal application to the ICA, but Members should enter the reason for the suspension and the relevant dates on their CPD record and keep documentation substantiating the circumstances of the suspension to be submitted to ICA, if requested. Members are expected to resume CPD when the situation leading to the suspension ends. Retired members are exempt from CPD.

Failure to comply with CPD requirements
Failure to comply with CPD requirements is a breach of ICA regulations. It constitutes misconduct that will be referred to the Membership Committee, which may require an appropriate disciplinary hearing be convened to address the breach.

If you are unable to complete CPD in accordance with ICA requirements, please contact us to discuss and agree appropriate action.


CPD disclaimer:
‘The information provided in this CPD Centre is provided for the use of ICA members and may not be disclosed to any third party or used for any other purpose without express consent of ICA (and the authors as appropriate). Whilst every effort has been made to ensure accuracy, neither ICA nor the authors can be held responsible in any way for consequences arising from the information provided. No decisions should be taken on the content of this CPD Centre without reference to specialist advice’.

 

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