Welcome to the October issue of the ACOI newsletter




ACOI in the News

CPD Events

The ACOI continue to receive media coverage, the latest commentary focuses on the findings of a recent survey carried out with ACOI members. 64% of members believe that firms in their sector will recruit in 2021. CEO of ACOI, Michael Kavanagh said, "The results are encouraging, particularly in light of the economic outlook for Ireland in 2021 and given what businesses have already been through over the last 4 or 5 months. That 64% of respondents believe firms in the financial services sector will recruit in 2021 shows signs of optimism and confidence." The full news coverage can be found here.

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


In addition to the ACOI 2020 Annual Conference taking place in October we will be hosting the following two events: The ACOI Data Protection & Information Security Working Group will be holding an event on Brexit/Schrems II. Plus, we will also have the next in the SEAR/Fitness & Probity/Culture & Behaviour series and this event will focus on these topics from the perspective of Chief Human Resource Officers (CHRO’s). All dates and times to be confirmed shortly, so do. keep an eye on the Events Section of our website where all future webinars will be posted. Recordings of recent webinars are also included.




ACOI Annual Conference

IFCA International Congress

The ACOI Annual Conference will take place on Thursday, 22nd of October. Our conference is a must attend event for all those working in the area of compliance as well as executives, board members and regulators. This year our conference will focus on The Compliance Journey – from Advisor to Partner and Leader with expert speakers sharing their views and insights.

Kingsley Aikins - The Evolving Role of the Compliance Professional - The Importance of Networking

Eimear Barry - Leadership & Protecting Psychological Health

Mark Sweeney - Leadership, Strategy & Identity - The Compliance Professional in Practice

Sylvia Cronin - What an INED would expect from a Compliance Leader

Dr. Ebun Joseph - Diversity & Inclusiveness – need for a compliance leader to have a diverse team & embrace change

To register for this year’s event please click here.


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, interview and panel discussions following five key themes:

Governance - The function

Chief Compliance Officer - The role

Digitalisation - The use of technology

Sustainability - The long-term business view

Key Compliance Areas in 2030

Please click here to register for this event.




Niall Gallagher Scholarship

Registration for ACOI Programmes

ACOI are delighted to announce the opening of the 5th Niall Gallagher Professional Diploma in Compliance Scholarship competition which is open to ACOI members and the general public. This year's essay topic is entitled Compliance and the COVID 19 pandemic: The compliance professional's role in promoting a consumer-focused culture and protecting the firm in these difficult times. The closing date for entries is 25th October 2020.

Please click here for further information and to read the guidelines and terms & conditions related to this competition.


Registration is now open 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 programmes and to understand how the qualification can assist an individual progress in their career join IOB and ACOI President Kathy Jacobs on Thursday 15th October from 1-2pm. To register for the PDC click here.




The Criminal Justice (Money Laundering and terrorist Financing) (Amendment) Bill 2020

Germany's Congress for Strategic Compliance Management

The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2020 has been published and has completed its first stage in Dáíl Eireann. The main purpose of the Bill is to amend the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 in order to transpose, in part, Directive (EU) 2018/843 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, into national law. It improves the safeguards for financial transactions to and from high-risk third countries and sets new limits on the use of anonymous pre-paid cards and includes a number of technical amendments to other provisions of the Act. To view the Explanatory Memorandum please click here.


Registration is now open for Germany’s Congress for Strategic Compliance Management which will take place on 17th & 18th November 2020. Rachel Woolley, Global Director of Financial Crime at Fenergo and member of the ACOI’s FCC Working Group will discuss the use of technology in enhancing the detection, prevention and reporting of financial crime. Rachel will discuss the EU’s approach to anti-money laundering, proposed legislative reform and a look back on the recent FinCEN Files scandal that highlighted the importance of a collaborative approach to preventing illicit money entering the financial system. Please click here to register to attend the event.



Membership Renewal Reminder

2020 CPD Annual Update Manual - Release

The ACOI 2020/21 membership year commenced on 1st August 2020 and payment of your renewal subscription is now due. To renew online using a credit/debit card, log in to the ACOI website using your username (email address on your ACOI account) and password.


The IOB 2020 CPD Annual Update manual is now available for members in My Institute on the IoB website. Packed with valuable economic and regulatory updates, designates can claim up to 4 CPD hours for reading and assimilating this manual.



ACOI Conferring Ceremony 2020

COVID-19 Resources of particular relevance to members

We are excited to announce that our Annual Conferring Ceremony which takes place in December will be moving to an online virtual event this year. The ceremony is an important event in the ACOI calendar where we recognise and acknowledge members, who have successfully completed university qualifications during the year and those being awarded ACOI professional designations in recognition of their achievements. We will be issuing invites to all 2020 Graduates shortly.

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