Compliance Institute reviews corruption, anti-bribery programmes for financial companies

The Compliance Institute for Banks and Other Financial Institutions in Nigeria Limited said it has reviewed its syllabus on different topics including corruption and anti-bribery for the institutions.

The President/Chairman of  Board, Compliance Institute, Nigeria Mr Pattison Boleigha, said this during the second induction ceremony and annual general meeting of the Compliance Institute of Nigeria in Lagos.

He said, “The CIN has reviewed its Designate Compliance Professional curriculum to include more contemporary compliance topics such as anti-bribery and corruption, ethics, governance and treating customers fairly. The examinations for award of ACIN certification will commence in 2019 and is also expected to cover telecommunications, manufacturing (pharmaceutical, foods and beverages), oil and gas and mining areas.”

In order to further enhance the value of its certification, he said, the institute was entering into a strategic partnership with a notable compliance body and the Association of Certified Anti-Money Laundering Specialists of Florida, United States of America.

The partnership with ACAMS, he added, would provide the CIN members with a wide range of compliance professional resources at highly discounted rates.

He added that discussions had commenced with the other sectors of the economy outside the financial services, such as law enforcement agencies, tax administration, telecommunications, manufacturing (pharmaceutical, foods and beverages), oil and gas, mining and government ministries, departments and agencies.

During the induction, he said, a total of over 150 newly certified members who successfully sat for and passed the institute’s compliance professional examinations were awarded Designate Compliance Professional.

Another 10 members, he added, were decorated with Associate, Compliance Institute, Nigeria after applying for and obtaining exemptions as compliance practitioners with the requisite qualifications and experience.

He added that 25 prominent compliance practitioners in Nigeria received the honorary Fellowship, Compliance Institute, Nigeria.

The president observed that the political and economic environment in Nigeria and globally had recently gone through tremendous changes with a fast pace in changes in regulation in all sectors.

He explained that the CIN was incorporated on 22nd January, 2015, as a ‘company limited by guarantee” to meet the fast pace of regulatory changes, by helping to build a compliance culture driven by compliance professionals.

Midwifed by the Association of Chief Compliance Officers of Banks in Nigeria, the institute was established to promote professionalism, facilitate cooperation and maintenance of compliance standards, he added.

He said, “The institute continues to offer membership benefits on its website, such as on-line training facilities, webinar, podcasts, conferences and various learning resources to continually update knowledge.

“An ultra-modern office will be declared open as part of the induction event, courtesy of Polaris Bank Plc that provided the office space together with Sterling Bank Plc and Access Bank Plc who funded the interior design work.”

Source: PUNCH

2018-11-29T08:42:02+00:00