
ICA inCONVERSATION
Welcome to ICA inCONVERSATION where each fortnight ICA Vice President, Tim Tyler, explores the latest trends and developments in the regulatory compliance and financial crime prevention space with a special guest from across the world. From the evolution of regulations to cryptocurrency, to the evolving role of compliance to fraud, each episode offers a valuable perspective into the future of compliance and what it means for practitioners globally.
ICA inCONVERSATION
Compliance – what's the story?
In the context of escalating costs and fierce economic headwinds, the compliance profession is besieged. Senior politicians have common cause with business leaders in looking to reduce the regulatory burden to, in their minds, free up enterprise and reduce costs. US President Trump's action to pause the Foreign Corrupt Practices Act is the latest example of this untested agenda, but by no means the only one.
How can compliance professionals respond to this challenge? We believe there is compelling opportunity to evolve the compliance message whilst demonstrating how a healthy, partnering compliance function will not only protect the business it serves, but also enable growth whilst realising corporate ambition.
What does this mean in practice, and how should we define our role and demonstrate success? A series of three ICA inCONVERSATION episodes will explore the issues, identify good practice and suggest clear steps towards this goal. In this first episode, ICA Vice President Tim Tyler speaks to Valerie Nielsen, Managing Director of Longview Leader Corporation, about her experience, and in particular the three compliance goals of revenue growth, cost containment, and brand protection.