The Association of Compliance Officers in Ireland (ACOI) was established in November 2002. It is a company limited by guarantee but without a share capital (incorporated in January 2004).
Its purpose is:
a) to promote, for the public benefit, the advancement and dissemination of knowledge, information, views and ideas in the field of regulatory compliance and business ethics; and
b) to provide training and to conduct examinations in regulatory compliance and business ethics; and
c) to promote high ethical standards among all person engaged in regulatory compliance.
Affiliate membership is open to those who have demonstrated an interest in and specialist knowledge of financial services regulatory matters.
Ordinary membership is open to those who have successfully completed the Professional Certificate in Compliance.
Licentiateship is open to those who have successfully completed the Professional Diploma in Compliance and who undertake to meet ongoing Continuing Professional Development requirements. A Licentiate may use after his or her name the initials LCOI.
The affairs of the Association are overseen by the Board of Directors and its sub-committees, Education, Events, Finance, Membership and Communications.
Following extensive consultations with the Industry, relevant regulators and the Professional Bodies, the Education Committee of ACOI established the curriculum for the Certificate and Diploma level courses in Compliance. Based on that curriculum, the Association, The Insurance Institute of Ireland, LIA and The Institute of Bankers School of Professional Finance designed and deliver the Professional Certificate in Compliance and the Professional Diploma in Compliance. The School of Professional Finance is a recognised school of University College Dublin (UCD), affiliated with the UCD College of Business and Law. Therefore, those who successfully complete the Professional Certificate in Compliance and the Professional Diploma in Compliance receive these academic awards from UCD.