About Us
How We Started
In recognition of the fact that Banks have a pivotal role in spreading the Compliance crusade, the idea of a platform where Banks as major stakeholders, would interact on a non-competitive but cooperative and collaborative basis alongside other stakeholders was mooted.
An inaugural session to kick start the formation of the Association took place on April 26th 2007 at Eko Hotels & Suites. In attendance were representatives of various stakeholder organizations including the CBN, EFCC, NDLEA, KPMG, The United States Consulate, CIBN and of course, member banks amongst others.
The result of all the efforts, consultations and series of lengthy deliberations was the emergence of the Committee of Chief Compliance Officers of Banks in Nigeria (CCCOBIN) in June 2007. In 2017, as part of its 10th Anniversary celebrations, the name of the Committee was changed to Association of Chief Compliance Officers of Banks in Nigeria (ACCOBIN)
Our Vision & Mission
Our vision is to be a group driven by a shared commitment to international best practice in compliance, while our mission is a total commitment to the enthronement of a sustainable compliance culture in the Nigerian financial services industry through collaboration and implementation of measures aimed at expanding the frontiers of professionalism in line with best practice.
Aims & Objectives
Our aims and objectives are clearly stated in our Bye-Law which was reviewed and approved by the Chief Compliance Officers of all member banks. They include:
- To encourage and facilitate a forum for interaction and the exchange of information, ideas and experiences among members and stakeholders.
- To encourage and promote the culture of compliance among Nigerian banks in particular and the Nigerian financial services industry in general.
- To collaborate with Law Enforcement Agencies and Regulators in the fight against money laundering and terrorist financing risks in Nigerian banks in particular and the Nigerian financial services industry in general.
- To develop and promote training and awareness program in the area of compliance within the Nigerian banking sector.
- To generate synergy necessary for the development and effective implementation of compliance related policies amongst Nigerian banks
Some of our Achievements
- The Association has created a level playing field for all members thereby taking competition out of Compliance.
- Introduction of the uniform account opening package, which was a brainchild of ACCOBIN has also helped to streamline account opening and encouraged Financial inclusion and ease of payment.
- We have also organized capacity building training tours to the UK for Compliance Officers in the West African sub-region in conjunction with GIABA and the 4 Pillars Network
- Participated in the AML/CFT National Risk Assessment as co-chair of the Financial Services Working Group.
- The Association also established a Compliance Institute, with Central Bank, NDIC, NFIU, NSE, ICPC, SEC etc as Trustees of the Institute. The Institute is set up to provide Compliance Training and certification of Compliance Professionals both in the Financial Sector and other sectors of the economy.