As someone fairly new to International Compliance Training (ICT) and the world of money laundering, compliance and financial crime, something I have very quickly learned is that these issues are not only here to stay: they are also constantly evolving.
So attending the International Compliance Association’s latest London Open Day provided some fascinating insights into current hot topics and how ICA qualifications provide the skills and knowledge needed to address both new risks and more established challenges.
From organised crime groups (OGCs) to ultimate beneficial owners, cybercrime to the UK’s EU membership referendum, wetware to reporting rules on cash payments (following hot off the press news that Germany is considering an upper limit of €5,000 on these), almost 300 delegates during the day had a whistle-stop tour of some drivers for developing individual and corporate know-how.
A strong message from the day was around what ICA and ICT teach – not just the subject matter, although that’s clearly crucial, but in terms of what you might call lifelong skills, such as critical thinking, analytical abilities and effective decision-making.
As Jonathan Bowdler, our UK Head of Governance, Risk and Compliance, put it, a key focus is enabling people in functions like GRC to help their firms do good business and improving their ability to contribute to their companies.
So it goes beyond teaching ‘stuff’, although the stuff we do teach is world-class. It’s very much about developing people as individuals and professionals and giving them skills that they’ll still be using in ten or 20 years’ time, to tackle risks that we, the cybercriminals and the OGCs haven’t even dreamed about yet.
February is a busy month for the ICA, as they take their London Open Day on the road. We’ll be popping up in locations around the world, from the Isle of Man to Madrid and Bahrain to Birmingham – find out more about the ICA Open Day Roadshows here, where you can also register to attend.
If you’re interested in learning with ICT, view all courses in AML, governance, risk and compliance and financial crime prevention here.
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