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.”

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