ACAMS 17th Annual AML & Financial Crime Conference - Las Vegas

THU11 - Positive Actions: How to Reduce False Positives and Enhance AML Efficiency

Oct 4, 2018 11:35am ‐ Oct 4, 2018 12:50pm


Description

• Reviewing current false positives to identify systemic causes such as reliance on legacy systems, static risk assessment models and regulatory expectation concerns

• Supplementing staff expertise with advanced analytics and predictive models to hone risk detection and foster robust alert signaling processes

• Working with oversight bodies to ensure revamped systems meet regulatory requirements and mitigate potential risks such as false negatives

Moderator(s):

  • Chuck Taylor, CAMS, Senior Vice President & BSA Officer, City National Bank

Speaker(s):

  • Jason Chorlins, CPA, CFE, CAMS, Principal, Risk Advisory Services, Kaufman Rossin
  • Brian Ferro, Global Product Manager for AML/BSA Compliance, BAE Systems Applied Intelligence
  • Tim Lutz, Director, Financial Intelligence Unit, US Bank
  • Joe Soniat, CAMS, CFE, BSA/AML Officer, Union Bank and Trust

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