The Compliance Files

In the first episode of the third season of The Compliance Files, Kathy Jacobs, former Compliance Institute President, speaks to Dr Alan Kearns, Assistant Professor of Ethics at Dublin City University on the topic of Culture and Ethics. The prevailing wisdom for the last number of decades has been that the objective of enterprises is the maximization of shareholder value and to make returns to sha...

Marketing is a key process regulated by data protection and marketers are one of the main users of personal data in any organisation. Direct marketing has been regulated in a number of guises for many years and the law and regulation has been subject to constant development and clarification. There are a range of penalties for non-compliance of marketing data protection breaches, and the potential...

At the core of Compliance Institute’s mission is to educate its members to ensure they have the skills required to undertake their roles in a professional and effective manner. From the beginning, 20 years ago, the Compliance Institute’s partner in the delivery of its programme of education has been the IOB, formerly known as the Institute of Banking.  In the latest episode of the Compliance Files...

Safeguarding is the process by which regulated firms providing payment services protect customer funds.  The purpose is to ensure that funds are always ring-fenced such as in the liquidation of a firm to ensure customer funds are not co-mingled with operational funds and claims of customers will be met in priority.  Safeguarding is subject to stringent legal requirements compelling firms not just...

On 9th December 2021, Mary-Elizabeth Mc Munn, Director of Credit Institutions Supervision at the Central Bank of Ireland and a previous guest on the Compliance Files podcast, issued a letter to the CEO’s of payments and e-money firms, setting out the Central Bank’s regulatory expectations, and requiring an attestation. Kathy Jacobs, former Compliance Institute President, speaks to Alison Donnelly,...

The Voice of the Compliance Institute - In November 2002, at a meeting in Irish Life offices in Abbey Street, over 80 compliance officers gathered and began the process that led to the establishment of the ACOI.  We are now celebrating Our 20th anniversary. In this episode of “The Voice of the Compliance Institute” series we are delighted to have one of the founding members and indeed the founding...

Kathy Jacobs, ACOI President, speaks with Charles Minutella, Global Head of Customer and Third-Party Risk Intelligence at Refinitiv, about Refinitiv’s report which has been recently published into the changing risk landscape. Each year Refinitiv conducts independent surveys looking at different aspects of customer and third-party risk. Their reports have looked at financial crime through its impac...

ACOI President, Kathy Jacobs, speaks with Rob Leslie, Sedicii; Rachel Woolley, Fenergo and Ben Cronin, UBO Services on the benefits of Regtech, the importance of strategy & governance. Their conversation moves to what you should look for in sourcing a Regtech provider and the deployment of a Regtech solution. We also get our guest's takes on the role of the compliance function, pitfalls of deploym...

Three years post GDPR, and anyone who was involved in implementation will still remember the significant effort and resources, and also the scramble for subject matter expertise to get across the line for 28th May 2018. GDPR is for life, nit just for the go-live date, and while no doubt a huge amount was achieved, the number of enforcement actions across the European Union would suggest that there...

Kathy Jacobs, ACOI President, speaks with Naomi Burley, CEO of the GRC Institute in Australia, on the topic of vulnerable customers. Their conversation starts with the justification and scope of the Royal Commission in Australia before moving to how a vulnerable customer is defined. Kathy and Naomi also discuss the response from the Compliance Profession to the Royal Commission, what changes Finan...

In the first episode of season two we speak to Ian Drennan, Director of Corporate Enforcement, on the role and powers of his Office, the implications of the Hamilton Report and the Action Plan. During this conversation is a discussion on what Boards should be doing to learn the lessons of the past.

We are delighted to launch a new feature of our ICQ Magazine, the ICQ Audio Special. Each edition of the ICQ, we will select an article that will be read aloud and will be followed by an interview with the author. For our inaugural ICQ Audio Special we have selected Time to Act: New Standard Contractual Clauses and Practical Considerations for Financial Institutions by Flavien Corolleur Senior Leg...

The Minister for Finance, Paschal Donohoe TD, received agreement from his Cabinet colleagues to approve the drafting of the Central Bank (Individual Accountability Framework) Bill on Tuesday 27th July 2021, the main purpose of which is to improve accountability in the financial sector.  In the 4th episode in the ‘Voice of Compliance’ series, we are delighted to have James Meagher, Head of Complian...

ACOI President Kathy Jacobs, speaks to Liam McKenna, partner, Mazars, about data protection certification approved under GDPR articles 42 and 43. The first data protection certification is expected to be approved this summer with EuroPrivacy the certifying body. Kathy and Liam discuss the operation of a certification regime under GDPR and also the benefits, opportunities and the obligations for da...

The Voice of Compliance - is with Alan Moore, Data Protection Specialist at MetLife and guest host, Tom O'Connor, ACOI Data Protection and Information Security Working Group Chair. Their conversation looks at the role of the DPO, how you might get into Data Protection and what you need to be effective and successful. They also discuss the elements of an effective data protection framework and DP r...

ACOI President Kathy Jacobs, speaks to John McCarthy, Deloitte, about new Regulations commenced on 19 April 2021, where (re)insurers authorised by the Central Bank of Ireland are now required to prepare pre-emptive recovery plans by 31 March next year. Their conversation covers the basics of what a recovery plan is as well as delving into the detail regarding the macro benefits, regulator's reason...

In this week's episode Kathy Jacobs, ACOI President, speaks to Fiona Savary and Rene Sandor of CMS in Munich about the GDPR Enforcement Tracker on data protection authorities' fining activities that they developed and the trends coming out of enforcement actions and decisions from the Data Protection Supervisory Authorities in Europe and as documented in the CMS GDPR Enforcement Tracker. To view t...

In this week's episode Kathy Jacobs, ACOI President, speaks to John Devitt, CEO, Transparency International Ireland about their recent report - Safe Haven?’ Targeting the Proceeds of Foreign Corruption in Ireland. During their conversation we hear about a number of high-profile cases involving the laundering of bribes and embezzled state assets through finds managed in Irish-based banks and insura...

In this week's episode we have a reversal of roles as Kathy Jacobs, ACOI President, is interviewed by guest-host Kevin Adam of Broadgate Search. Kathy brings us through her career and the five ages of compliance. Kathy also gives advice to those looking to enter the compliance industry and as a hiring manager what she looks for in a potential employee. Plus, Kathy gives her perspective on the chal...

In this week's episode Kathy Jacobs hosts a panel discussion with Lorna Smith, Alison Gibney and Karen Killalea of the Maples Group. The themes of the discussion are the principles and practices of good corporate governance for regulated firms and this week's guests give their insights on expectations from the Central Bank, inspections, HR tools & policies as well as the evolution of corporate gov...

In this episode of the Compliance Files, Kathy Jacobs, ACOI President, speaks with Ann Shiels, A&L Goodbody, on what you need to know about the Sustainable Finance Disclosure Regulation (SFDR). Their conversation touched on what kind entities will be affected by SFDR, greenwashing, who is responsible for enforcing compliance with SFDR, taxonomy regulation and more.

In this episode of The Compliance Files, Kathy Jacobs speaks with Gráinne McEvoy, Director of Consumer Protection, Central Bank of Ireland. Their conversation included the Central Bank of Ireland’s key priorities and focus for 2021 such as strengthening their approach to protecting consumers, developing and enhancing the regulatory framework and their supervisory approaches.

The Voice of Compliance - is with Stephen Hudson, Deputy Money Laundering Reporting Officer, at Permanent TSB to discuss the importance of firm-wide AML frameworks, the role of the compliance professional and the role of the first line of defence in managing AML risk.

The Voice of Compliance - is with Kian Caulwell, Head of Conduct Risk and Compliance Advisory, KBC Bank Ireland and member of the ACOI Consumer Protection Working Group. Kian discusses some important Conduct talking points, he outlines what is conduct risk and the role of the compliance professional plus, the role of the first line of defence in managing conduct risk.

In this week's episode ACOI President, Kathy Jacobs, speaks with MB Donnelly, Assistant Commissioner at the Irish Data Protection Commission, as Head of Communications, Regulatory Strategy, EU Projects and DPO Networks, about what it takes to put together the Data Protection Commission Annual Report and what everyone should take from it.