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ICA Certificate in Compliance — Information & Free Practice

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About ICA Certificate in Compliance

ICA Certificate in Compliance · GB

Key exam facts

Provider
International Compliance Association (ICA); certification awarded in association with Alliance Manchester Business School, the University of Manchester.
Format
Online multiple-choice knowledge examination, available at any point during the self-paced study period.
Exam questions
Total questions: 25.
Time limit
One hour of examination time. Course access is up to two months; this is not exam duration.
Passing score
70% minimum pass mark; ICA specifies at least 18 correct answers out of 25.
Exam fee
GBP £765 course fee; GBP £195 for 12 months’ membership added for non-members, plus applicable taxes. Course fee includes two exam attempts; second attempt is free after a first failure. Currency depends on location (EUR €860 + €220 membership; USD $1030 + $260 membership).

Topics covered

  • What is regulation, and why do we need it?

    • Introduction to regulation
    • What is regulation for?
    • Regulatory objectives
    • The risk-based approach to regulation
    • A – Regulatory models
    • B – Regulatory approaches
    • C – Regulatory powers
    • Sources of regulation

  • How did we get to where we are today?

    • A brief history – key milestones
    • Current influences on regulation
    • International dimensions
    • Politics and economics
    • Globalisation
    • Technology
    • Individuals
    • The role of the media
    • Why do we need to know this?

  • The role of Compliance

    • Managing compliance and regulatory risk
    • The role of the compliance function
    • The role of the compliance professional
    • Analyst
    • Scanning the horizon
    • Regulatory assurance
    • Regulatory liaison
    • Regulatory advice
    • Training and education
    • Internal and external relationships
    • The skills required to be successful in a compliance role
    • Technical skills
    • Soft skills
    • Dealing with problems – investigations and enforcement

  • Compliance in practice – key areas

    • Understanding the risk-based approach to compliance
    • Conduct risk
    • Prudential compliance
    • Financial crime compliance, including AML
    • Data protection
    • Managing change – including technology developments

How to prepare

Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.

These independent practice questions are not actual exam items and do not guarantee a passing result.

Frequently asked questions

What is the exam format?

Online multiple-choice knowledge examination, available at any point during the self-paced study period.

How many questions are on the exam?

Total questions: 25.

How long is the exam?

One hour of examination time. Course access is up to two months; this is not exam duration.

What is the passing score?

70% minimum pass mark; ICA specifies at least 18 correct answers out of 25.

How much does the exam cost?

GBP £765 course fee; GBP £195 for 12 months’ membership added for non-members, plus applicable taxes. Course fee includes two exam attempts; second attempt is free after a first failure. Currency depends on location (EUR €860 + €220 membership; USD $1030 + $260 membership).

Official sources and references

Confirm current exam arrangements with the exam provider.