Dark Web Spotlight: Countering Its Financial Crime and Money Laundering Risks

Apr 15, 2019 2:05pm ‐ Apr 15, 2019 3:20pm

Identification: C07

• Analyzing encryption technologies such as The Onion Router (Tor) and Bitcoin to attain insights into how they can be exploited to mask criminal enterprises and transactions

• Reviewing Operation Dark Gold and other successful investigations by law enforcement agencies to detail inner workings of illicit Dark Web activities

• Incorporating monitoring for Dark Web criminal typologies into AML models and utilizing oversight tools such as KYC and EDD to flag and resolve suspicious activities


Rethinking Correspondent Banking: De-Risking Through Education

Apr 15, 2019 2:05pm ‐ Apr 15, 2019 3:20pm

Identification: C08

• Analyzing unique market and respondent bank risks to create appropriate and individualized control environments that conform to institutional risk appetite and tolerance standards

• Simulating case studies to detail practical management and staff training scenarios for scrutinizing and resolving relationship issues with respondent banks

• Understanding motivations and interests of both business side and financial criminal compliance units to facilitate mutually beneficial resolution of conflicting incentives


Write On: A Guide to Composing and Editing SAR Narratives

Apr 15, 2019 2:05pm ‐ Apr 15, 2019 3:20pm

Identification: C09

• Reviewing investigative findings that support SAR filing decision to outline narrative’s key points, identify vital supporting evidence and jettison irrelevant or inconsequential data

• Expanding outline into a rough draft that highlights relevant facts — such as who, what, when, where, why and how — to optimize SAR’s usefulness to law enforcement

• Editing narrative to delete unnecessary details, check factual accuracy and ensure final SAR is clear, concise, chronological and comprehensive and meets regulatory expectations


How May AI Help You? Applying Artificial Intelligence, Robotics and Machine Learning to AML

Apr 15, 2019 2:05pm ‐ Apr 15, 2019 3:20pm

Identification: C10

• Distinguishing AI, machine learning and robotic process automation to identify discrete risk management uses such as predictive capacity, client segmentation and monitoring

• Augmenting manual reviews and legacy systems with data analytics to boost oversight efficiencies and elevate accuracy in alert generation, investigation and resolution

• Auditing AI and machine learning systems to analyze systemic issues such as data quality, currency of risk models or algorithmic bias and take corrective actions as warranted


“AML Conversations” - Live from Hollywood!

Apr 15, 2019 2:05pm ‐ Apr 15, 2019 3:20pm

Identification: C11

Presented by AML RightSource

AML RightSource Vice Chairman and award-winning podcaster, John Byrne, will interview AML veterans in a free-wheeling conversation on key issues challenging our community, including:

  • Career advice
  • 2019 legislation and potential impact
  • How to handle expanding AML/CTF/Sanctions challenges
  • Working with law enforcement and
  • Audience questions

Assumed vs. Actual Risk - Using Machine Intelligence for Behavior-Based Risk Modeling

Apr 15, 2019 2:05pm ‐ Apr 15, 2019 3:20pm

Identification: C12

Presented by Ayasdi

  • Addressing the inefficiencies and ineffectiveness of assumed risk approaches
  • Delivering behavior-based, actual risk models using unsupervised learning-powered segmentation
  • Using movement between segments as a new determinant of risk with the need to impact existing systems

Keeping Current: Staying Ahead on Sanctions

Apr 15, 2019 3:50pm ‐ Apr 15, 2019 4:50pm

Identification: C14

• Formalizing sanctions communications systems to achieve ongoing awareness of changes concerning Iran, Cuba, Venezuela and Russia and additions or deletions from SDN list

• Conducting staff training on obscured sanctions risks such as dual-use goods or black market commodities trading to mitigate trade-related and prohibited transaction risks

• Examining requirements of the OFAC 50% rule to enhance identification and whose ownership structures create sanctions risks involving blocked persons


PEPs Spotlight: Operation Money Flight and the Case Against Venezuelan PEPs

Apr 15, 2019 3:50pm ‐ Apr 15, 2019 4:50pm

Identification: C15

• Examining the alleged currency-exchange conspiracy to launder $1.2 billion embezzled from state-owned PDVSA to illustrate vulnerability of state-owned enterprises to PEP schemes

• Probing the alleged acts involving international bankers, Miami securities advisors and instruments such as fake mutual-fund investments to illuminate laundering typologies

• Surveying named defendants to gain insights on best practices for conducting effective risk assessments of PEPs


Game On: AML in the Era of Legal Sports Gambling

Apr 15, 2019 3:50pm ‐ Apr 15, 2019 4:50pm

Identification: C16

• Updating state actions to legalize sports gambling following Supreme Court’s overturning of Professional and Amateur Sports Protection Act

• Creating oversight protocols to reconcile differences among states on sports gambling and adjusting models in accord with legislative changes such as those involving online betting

• Examining Nevada’s legal sports betting industry to assess historic roles of state regulations and institutional standards in oversight of sports books


The Data Whisperer: How Well Do You Know Your Data?

Apr 15, 2019 3:50pm ‐ Apr 15, 2019 4:50pm

Identification: C17

• Conducting data needs assessments for business lines and products to collaboratively construct data collection and extraction systems to meet unique AML needs across enterprise

• Harmonizing data systems of discrete units to minimize duplication, enhance data quality and protection and foster efficiency in areas such as beneficial ownership determination

• Performing quality assurance review of data systems to identify and resolve functional defects and confirm integration of changes in business models, risk profiles or regulations