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ACOI October Newsletter 2021

Background

Resulting from the rebrand and change of name from the Association of Compliance Officers in Ireland (ACOI) to Compliance Institute, the Licentiate of the Association of Compliance Officers in Ireland (LCOI) and equivalent FCOI designations required review.

 

Consultation

Following recommendations from a working group of designate members, it was decided to consult with the full designate membership on a range of potential changes to all current designatory titles. In total 446 designate members responded and ranked their preferences for the designations that they hold.

 

New designatory titles

Following agreement with the Council of the Institute, the following changes will be made:

New Title

New designatory letters

Former Title

Former designatory letters

Fellow of Compliance Institute

FCI

Fellow of the Association of Compliance Officers in Ireland

FCOI

Licentiate of Compliance Institute

LCI

Licentiate of the Association of Compliance Officers in Ireland

LCOI

Certified Financial Crime Professional

CFCP

Certified Financial Crime Prevention Practitioner

CFCPP

The CDPO (Certified Data Protection Officer) and CECA (Certified Ethics and Culture Advisor) designation will remain as is.

 

Members are required to use the new designatory titles going forward but there will be a transition period so that members can continue to use the current designatory titles up to 31 December 2022.  Your new designation title will be updated on our system over the coming weeks.

 

In order to continue using your designation title, you must:

  • be a current member of Compliance Institute; and
  • obtain and log the minimum CPD credits required for your designation annually.

 

Will new designation certificates be issued?

Designate members receiving their designations at our forthcoming conferring ceremony will receive the new designation certificates as will other new designate members in the future.  Existing members that wish to obtain a new parchment can do so by contacting the Institute at [email protected]

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Compliance Institute | 5 Fitzwilliam Square | Dublin 2 | Ireland | T: +353 1 779 0200 | E: [email protected]

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