With rapidly evolving regulations, technology and financial crime methods, anti-money laundering (AML) and financial crime prevention professionals are faced with the challenge of staying abreast of new developments in financial crime, payment methods and money laundering schemes. Join over 2,500 influential anti-financial crime professionals, regulators, law enforcement investigators and government officials at this comprehensive financial crime prevention conference in Las Vegas. During the course of three days, the financial crime prevention community has the opportunity to learn from inspiring subject-matter experts, connect with other industry professionals and gain new insights and practical strategies to help their institutions combat financial crime.
Assumed vs. Actual Risk – Using Machine Intelligence for Behavior-Based Risk Modeling
Preview Available
Identification: MON11
*This session was not recorded.
Presented by Ayasdi
• Delivering behavior-based, actual risk models using unsupervised learning-powered segmentation
• Addressing the inefficiencies and ineffectiveness of assumed risk approaches
• Using movement between segments as a new determinant of risk with the need to impact existing systems
The SARs Align: Strengthening Processes that Drive SAR Filing Decisions
Preview Available
Identification: MON15
• Building awareness of “appropriate and reasonable” standards across enterprise to hone detection of atypical transactions or risk profile changes indicating suspicious activities
• Formalizing escalation and investigative protocols utilizing tools such as data analytics to support review quality, quantify findings and aid consistent suspicious activity oversight
• Codifying standards to green light filing such as metrics-driven risk ratings and approval by an independent committee to ensure timely reporting and minimize unwarranted SAR filings
Identification: MON16
• Training staff on schemes commonly used to exploit the elderly and cognitively impaired such as grandparent scams to spot red flags and disrupt and report suspicious activities
• Performing due diligence on designated fiduciaries and caregivers and monitoring transactions to ensure proper handling of client resources and spot and resolve red flags
• Communicating regularly with law enforcement and interest groups on aging and law enforcement to keep current on exploitation trends and leverage fraud monitoring and investigative resources
Risk Preclusion and Financial Inclusion? Achieving the Right Balance
Preview Available
Identification: MON17
• Updating risk models to incorporate strengthened technological capacity for monitoring and beneficial ownership verification to mitigate risks including residual risks tied to inclusion
• Employing innovations such as fintech, mobile banking and focused services and accounts to foster inclusion and manage risks of underbanked populations
• Examining relevant guidance worldwide and reviewing case studies to gain insights into constructing inclusion models that meet regulatory expectations and mitigate institutional risks
No Small Feat: Assembling Top-Tier Talent at Community Banks and MSBs
Preview Available
Identification: MON18
Constructing Data Management Architecture to Strengthen AML
Preview Available
Identification: MON19
• Reviewing essential requirements of data stewardship to design internal controls for issues such as uniformity of data quality and conformity with institutional risk appetite
• Assembling human and IT resources to ensure data management issues such as training of downstream users and front-line staff is consistent, clear and comprehensive
• Conducting data needs reviews of operating units to leverage value of collected data enterprise-wide and strengthen monitoring of at-risk activities and entities
Playing Nice Together: Best Practices for an Effective FRAML Framework
Preview Available
Identification: MON20
• Outlining the individual strengths of fraud investigation and AML compliance protocols to gain insights into potential combined FRAML benefits such as 360-degree customer views
• Reviewing potential obstacles to successful integration such as divergences in cultures and investigative practices to develop mutually beneficial FRAML operations models
• Formalizing communication channels and conducting regular operations reviews to make warranted systemic adjustments, leverage operating synergies and affirm shared vision
Using Digital Identity for a Better Customer Experience
Preview Available
Identification: MON21
Presented by Refinitiv
Identification: MON22
Presented by Thomson Reuters
Identification: MON26
