Skills Council to create compliance qualifications

At present, compliance officers hold a key position within financial services firms but formal qualifications are not a regulatory requirement, so the FSSC has signed a partnership with the International Compliance Association to establish an industry-wide standard which will prevent, for example, both money laundering and pensions mis-selling. As a result of the proposals, the Skills Council and ICA is now seeking the support of "senior compliance practitioners" to begin the consultation process who are prepared to: serve on one of the two steering groups relating to standards in coun...