The Institute was established to encourage, promote and revive the consciousness for regulatory compliance within and outside the financial industry in the country. The Institute seeks to create and build a body of professionals and corporate organizations from a range of industries established and recognized for integrity, professionalism and strict adherence to regulatory and non-regulatory standards in and outside the business environment. It is the recognized body for compliance professionals within the financial industry in Nigeria. It shall draw its primary constituency from employees and directors within the financial industry while equally open to interested members of the Nigerian public. Membership of the Institute shall be considered a prerequisite for working in the compliance department of any financial institution in Nigeria.