Overview of DSI Participants Posted on December 5, 2023 at 1:36 pm.Written by roelandjongejan At DSI, we firmly believe in the power of collaboration to enhance the reliability of the financial sector. Our DSI Participants form the backbone of this collaboration and play a crucial role in strengthening integrity and professionalism in the industry. We want to provide more insight into who our DSI Participants are and why participating in DSI is essential. Overview of DSI Participants For a complete overview of our over 300 DSI participants, you can visit our DSI Participants page. Who Are the Participants? Our DSI Participants are companies and organizations in the financial sector dedicated to the highest standards of competence and integrity in their field. This includes a wide range of institutions, from financial service providers and banks to asset managers and investment firms. While each participant is unique, they all share a common goal: to increase the reliability of the financial sector. The importance of participants for DSI Participants are invaluable in promoting transparency and trust in the financial world. By joining DSI, participants demonstrate their commitment to the highest ethical standards and the competence of their employees. This contributes to enhancing the reputation of the entire sector and the reliability of professionals working within it. Benefits of DSI Membership As an organization participating in DSI, you enjoy various benefits, including: Trust and Recognition: Involvement with DSI emphasizes a participating organization’s commitment to integrity and professionalism, building trust with customers and stakeholders. Expertise and Support: DSI provides support and resources to help organizations maintain the highest standards in the industry, including certifications, the Continuing Professional Education program, the DSI Public Register, the code of conduct, and accredited training providers. Networking Opportunities: Participating organizations gain access to an extensive network of like-minded professionals and organizations, offering valuable opportunities for collaboration and growth. Efficient Oversight Tools: Through our dedicated employer portal, employers can access necessary figures and data for internal and external use at any time. This allows them to manage the real-time status of employee certifications. How can an organization become a participant at DSI? The process of becoming a participant at DSI is simple and accessible. If a company holds an AFM license, the organization can join DSI and become a participant. Registration can be done through this registration page. For more information on registration, interested organizations can also contact Nana Asante, Relationship Manager at DSI, via the contact form on our website.
DSI Financial Crime Professional Posted on October 3, 2023 at 2:19 pm.Written by roelandjongejan In close collaboration with the industry, DSI has decided to launch a new register specifically aimed at professionals dedicated to preventing financial crime: the DSI Financial Crime Professional register. This register provides uniform quality standards for the various professionals involved in the fight against financial crimes. Increase in roles related to financial crime. Financial institutions such as banks and investment firms play a crucial role in preventing money laundering and terrorist financing, often referred to as the gatekeeper function. The number of professionals engaged in combating financial crime has significantly increased in recent years. These professionals work in areas such as Customer Due Diligence (CDD), Know Your Customer (KYC), Anti Money Laundering (AML), and sanctions. Uniform quality requirements with an independent register. An important consideration for establishing a register is that employees involved in CDD, KYC, AML, and sanctions must demonstrate competence. Regulators are paying increasing attention to this aspect. Currently, various training programs are offered in this field, varying in depth and assessment. Our discussions with DSI member companies have revealed a need for uniform quality requirements for this professional group. These requirements should be established and monitored by an independent and expert certifying body. DSI believes that such an initiative aligns well with its existing certifications for investment and compliance professionals. Through the new register, DSI aims to ensure a baseline level of competence and integrity for this professional group. In addition to uniform training requirements for entry into the register, there will also be an obligation to undergo continuous education. DSI’s code of conduct and disciplinary procedures will also apply. Training Requirements Currently, we are formulating training requirements for the new register. We have asked several training providers to provide input on existing training programs and learning objectives. We are also aligning these requirements with international standards. The DSI Compliance Professional Advisory Committee, like the DSI Accreditation Committee, is involved in determining the final training requirements for the new register. After the publication of learning objectives, providers of financial crime training programs will have the opportunity to apply for accreditation. The register is expected to launch in Q1 of 2024. Contact Information For questions about the new register, please contact Mark van der Lecq (Lead Legal DSI) via our contact form.
Termination of passive certified status Posted on August 28, 2023 at 11:46 am.Written by roelandjongejan From January 1, 2024, DSI will discontinue offering the passive registered status. DSI is providing passive registrants the opportunity to convert their registration to a (candidate) certification before this date. All passive registrants have been informed about this option through personal emails. Why is DSI discontinuing the passive registration status? With a DSI Certification, professionals in the investment sector demonstrate their competence and stay updated on the latest developments in integrity, knowledge, and skills. Passive registration was introduced in the past to temporarily exempt certified individuals from the obligations associated with certification. Passive certified individuals do not meet the requirements of a DSI Certification. As this no longer aligns with our current DSI registry policy, we are discontinuing this status and offering an alternative. How to convert a passive registration? To be certified by DSI, you need to be employed by a participant affiliated with DSI. If you currently work for an organization that is not a DSI participant and you wish to convert your passive registration, we advise discussing the option of becoming a DSI participant with your employer. After your employer’s acceptance as a participant, you will go through a process to convert your passive registration to active registration. Click this link for more information on enrolling your employer as a participant. Reactivate your certification If you currently work for an employer affiliated with DSI but are passively certified, you can directly reactivate your certification through your MyDSI account. In MyDSI, you can request a change from passive registration. Click the “I want to change my passive registration” button in MyDSI for more information. Click here for (re)activation of a passive DSI registration Competency requirements for DSI registries When (re)activating your certification, you must fulfill all competency components of the respective registry. Click here to gain immediate insight into the associated competency requirements per registry. If you haven’t met all competency requirements yet, no problem – you will be candidate-certified until all components are fulfilled. Respond by January 1, 2024 If we do not receive a response from passively certified individuals by January 1, 2024, the registration with DSI will be automatically terminated. We extend our gratitude to all certified individuals for their involvement with DSI and invite everyone to subscribe to the DSI newsletter to stay informed about future developments. More information If you need more information about your DSI registration or if you are passively certified and have not received a letter from us, please contact us through our contact form or call our Customer Care Officers at 020-6201274. They are here to assist you.
DSI stopped screening professionals Posted on April 1, 2022 at 11:43 am.Written by roelandjongejan Starting from 1 April 2022, it is no longer possible to request a DSI screening if the screening is not part of a DSI certification process. DSI will cease conducting screenings entirely as of 30 June 2022. DSI will continue with screenings as part of a DSI certification request for the time being. Focus on core task The DSI Foundation has decided to scale back DSI’s screening activities in 2022. This choice was motivated by the foundation’s aim to focus on its core task. DSI was founded more than 20 years ago as a self-regulation institution for the financial sector. DSI Foundation’s core task is to work with the sector to ensure that society has greater trust in the financial sector. DSI does that by: Formulating norms for knowledge, skills en integrity; Accrediting examinations and educational programmes; Certifying professionals who meet the stated DSI norms, and listing these professionals in the DSI Public Register; Holding Certified Professionals accountable for violations of the DSI Code of Conduct through DSI Ethics Enforcement. DSI will continue to conduct screenings as part of a DSI certification DSI will continue to conduct screenings as part of a DSI certification. DSI ceased conducting screenings that are not part of a DSI certification request as of 1 April 2022. Alternative for new screenings after 1 April 2022: Validata Group DSI strives to offer its screening clients a quality alternative for employee screenings. So we are pleased to announce that after a careful selection process, the Board of DSI has chosen Validata Group to conduct employee screenings. Why Validata Group? Validata Group is a professional screening organisation with many years of experience in the field of employment screening Validata places a high value on quality certifications (incl. ISO), IT security and privacy. Validata has a modern IT platform that supports or facilitates all of the most common connections with (potential) customers’ HR software applications. Plus, Validata already serves many major employers in the financial sector. That gives us every confidence that Validata is the high-quality professional and flexible partner with whom DSI and our clients can do business, both today and in the future. Validata Group would be happy to discuss a potential partnership for screening your organisation’s employees. Click here for more information about Validata Group, their work methods, screening solutions and rates. DSI will process current screening requests until 1 May 2022. DSI will continue to process screening requests received before 1 April 2022. Professionals that had a request open on 1 April 2022 will have until 1 May 2022 to submit all of the necessary information. If the submission is not complete by then, DSI will no longer issue a screening report. All open screening requests must be completed by no later than 30 April 2022. On 1 May 2022, all screening requests with the following statuses will be archived: Status ‘New’ Status ‘Incomplete’ Status ‘Not complete’ DSI will no longer issue screening reports for these screening requests after the deadline. Special rate for screenings with the status ‘Not complete’ DSI will not send an invoice for every open screening request. Screening requests with the status ‘Not complete’ on 1 May 2022 will be billed for only 50% of the relevant screening fee. A standard DSI Pre-Employment Screening will cost € 67 ex VAT, or 50% of € 134 ex VAT. DSI will charge this amount for screening requests with the status ‘Not complete’, because DSI Screening Officers have worked on the requests and the request has been returned to the applicant to respond to feedback from DSI. This is not the case for other statuses, such as ‘Incomplete’, for which the DSI Screening Officers have not yet begun work. The MijnDSI Employer Portal dashboard shows which screenings are linked to you as an employer, and their status. Do you have any further questions? If you have any questions about DSI Certification, please visit the FAQ page with answers to the most frequently asked questions. We have created this DSI Certification FAQ page to offer you as a professional or employer practical tips on how to find your way in the DSI Certification process. The site also explains how to use the MijnDSI environment. If you cannot find your question in the FAQ page, or you need personal advice about requesting a specific certification, please feel free to contact us by mail at: certificering@dsi.nl or call us at 020-6201274. We would be happy to help you!