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Building Better Algorithms for Stronger AFC Controls

Apr 21, 2020 1:35pm ‐ Apr 21, 2020 2:35pm

Credits: None available.


• Examining what algorithms are and how they function to detail potential uses for enhancing AFC controls in areas such as sanctions screening or transaction monitoring

• Conducting institutional and business line threat assessments to craft algorithms tailored for specific risks such as coordinated fraud rings or ties to PEPs

• Testing to assess quality of predictive models’ performance and identify and remediate issues such as algorithmic bias or concept drift


  • Markus Schulz, Global Head of Change Management Financial Crimes Compliance, ING



Credits: None available.

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