Welcome to the November issue of the ACOI newsletter

ACOI members call for the introduction of a digital tax credit

CPD Events

A recent ACOI membership survey found that 26% of the members surveyed felt that the government should introduce a digital tax credit to help organisations during COVID-19. Other popular measures were greater access to credit (21%); a longer-term employee wage support scheme (19%) and funding for training and retraining of staff within organisations (19%). More detailed information about the survey results can be found in the following article.

Please keep an eye on our social media platforms LinkedIn, Twitter and our website www.acoi.ie for more news items and updates.

Have you fulfilled your CPD requirements? If not, do not worry as we have plenty of hours available this month. Avoid disappointment and register today.

Wednesday, 4th November
Conflicts of Interest

Thursday, 12th November
The challenges of remaining compliant and conducting remote due diligence and transaction monitoring in times of Covid-19

Wednesday, 18th November
Fintechs versus Traditional Financial Service Providers

Tuesday, 24th November
Compliance in a Time of Crisis – Adopt & Adapt

The above CPD events can be booked via the Events Section of our website and you are reminded to keep an eye on the Events Section where all future webinars will be posted. Recordings of recent webinars are also included.


ACOI Annual Conference

CPD Codes

The ACOI is delighted to have received such positive feedback from members regarding the ACOI Annual Conference which was held on 22nd October. This year’s conference was a virtual event and was very well attended. The conference theme, ‘The Compliance Journey - from Advisor to Partner & Leader’, reflected on the development of the profession and the next stage in the progression and evolution of the compliance profession.

In her opening address, ACOI president, Kathy Jacobs, charted the Five Ages of Compliance and set out the qualities required by compliance leaders today. This was followed by engaging and informative presentations from Kingsley Aikens, Eimear Barry, Mark Sweeney, Sylvia Cronin & Dr Ebun Joseph. The conference line up also included a panel discussion with Geraldine Lawlor, James Meagher & Maureen Stanley, who gave us their insights on what it is to be a compliance leader in practice.

The ACOI would like to thank all of the speakers who participated in the conference.

To listen to Kathy’s address please click here. If you would like to listen to the event, click here.


The CPD year end is approaching and ACOI would like to remind our designate members that your 2020 CPD requirement must be completed by 31st December 2020 and your annual return must be submitted by 31st January 2021 through the IOB ‘My Institute’ portal.

To facilitate members logging their CPD, click here to access the full list of CPD codes.

Registration for Professional Certificate & Diploma in Compliance

New Committee Members

Well done to all our members who recently passed their PDC exams.

Registration is now open for the next intake for the Professional Certificate & Diploma in Compliance (PDC), a level 7 qualification on the National Framework of Qualifications. This programme is the industry benchmark professional designation for practising compliance professionals. The closing date for applications is 6th November.

For more information on the PDC qualification click here

To register for PDC1-PDC4 click here.


The ACOI membership committee wishes to recruit additional committee members and is particularly interested in hearing from people with a background in banking, insurance, funds, life & pension, credit unions, legal or consulting. The membership committee is responsible for ensuring that the Association’s activities are always relevant, engaging and worthwhile for members.

If you would like to register your interest or find out more about the work of the membership committee, please email info@acoi.ie

IFCA International Congress

Autumn 2020 ICQ Magazine

IFCA's 1st International Congress - COMPLIANCE 2030, will take place between 16th – 20th November 2020. IFCA members from 12 countries will participate, connecting 5 continents through compliance. This virtual event will run over five days with a variety of presentations, interviews, and panel discussions.

We are delighted to have ACOI members participate in the panel discussions.

Wednesday, 18th November
Gonzalo Caro, Data Protection Manager at EU DPO at Facebook - Artificial intelligence, machine learning and the transformation of compliance

Wednesday, 18th November
Rachel Woolley, Global Director of Financial Crime at Fenergo - Suptech, Regtech, Fintech and its impact on regulation and compliance as we know it

Thursday, 19th November
Tom O’Connor, Head of Compliance and Money Laundering Reporting Officer (MLRO) at HedgeServ Limited - The unique benefits of a quality compliance function and framework in an organisation

Friday, 20th November
Clive Kelly, ACOI Council member - Influence of business ethics on the anticorruption environment

Please click here to register for this event.

The Autumn edition of the ICQ was published in September. The cover story is an article by Eimear Barry on Leaders Sustaining Psychological Wellbeing in Challenging Times.

David Kearney & Jackie Murphy with the support of the FCC Working Group examine Fostering Sanctions Compliance in Ireland.

Steven Roberts, a member of the DP&IS Working Group looks at the implications for businesses as the deadline for compliance with the DPC Guidelines regarding website cookies approached.

Ed McDonald, a member of the ACOI Ethics Committee considers 3 Famous Theories of Ethics and how they can produce different outcomes.

Fiona Bourke, a member of the Consumer Protection Working Group evaluates Consumer Protection during COVID-19.

Dr Henry Duggan, Piers Rake & Grainne Bryan of FTI Consulting investigate the emerging financial crime threats across the globe.

Donal Whelan, Director in Lincoln Recruitment explores what skills businesses look for when hiring their next generation of compliance leaders.

Tom O'Connor, Head of Compliance for HedgeServ Limited and Chair of the DP&IS Working Group shares some interesting insights about himself.

To read the full articles click here.


Membership Renewal Reminder

Matheson Horizon Tracker

As members are aware, the ACOI 2020/2021 Membership Subscription year commenced on 1st August, and payment was due on that date. Thank you to all our members who have paid to date.

From today, 2nd November online renewal is no longer available so please email info@acoi.ie to arrange a payment.

Current membership subscription rates remain unchanged from previous years - €150 for Affiliate/Ordinary Membership and €250 for Designate Membership. Membership of the Association is capped at €250.


Matheson’s PSL Faculty has curated the Horizon Tracker based on in-depth sectoral knowledge of the current legislative and regulatory environment.

This Horizon Tracker provides a snapshot of a selection of current, upcoming and proposed Irish and EU legislation. It identifies and summarises key Irish and EU legislative initiatives, setting out the current status of each, as of the 30th September 2020, and the next steps for proposed and draft legislation. Click here for the latest edition of the tracker.

ESMA outlines priorities for 2020 financial statements

COVID-19 Resources of particular relevance to members

Last week, the European Securities and Markets Authority (ESMA) issued its annual public statement highlighting the common areas that European national accounting enforcers will focus on when reviewing listed companies’ 2020 IFRS financial statements. Michael Kavanagh ACOI CEO and a member of the Consultative Working Group, which advises the ESMA’s Corporate Reporting Standing Committee, summarises the key points in the recently published statement.

To read the summary click here and download the ESMA public statement here.


The following contain links to the relevant sections of websites of particular relevance to ACOI members:

Central Bank of Ireland
Companies Registration Office
The Data Protection Commission
The National Cyber Security Centre
ACOI summary of the Return to Work Safely Protocol