Eye on AI: A Primer on Artificial Intelligence for AML Professionals

Sep 24, 2019 10:35am ‐ Sep 24, 2019 11:50am

Identification: TUE04

• Examining how algorithm-led analytics process data efficiently to identify applications for spotting atypical behavior and transactions and detecting and resolving AML red flags

• Outlining strategies for leveraging strengths of AI and legacy oversight systems to elevate efficacy, accuracy and efficiency in areas such as onboarding and KYC/CDD

• Understanding AI design and programming challenges to mitigate systemic risks relevant to AML such as data privacy and protection and algorithmic bias


Top of their Profession: The Rise of the Professional Money Laundering Class

Sep 24, 2019 10:35am ‐ Sep 24, 2019 11:50am

Identification: TUE05

  • Identifying how licensed professionals such as accountants, lawyers and real estate agents launder illicit proceeds for criminal entities and interact with mainstream financial institutions
  • Analyzing case studies such as the Panama and Paradise Papers to track how secrecy havens, shell companies and international banking relationships assist professional money launderers
  • Detailing the methods by which transnational criminal and terrorist organizations mutually assist each other in moving funds in partnership with professional money launderers

Passing the Screen Test: Strengthening Sanctions Filtering

Sep 24, 2019 10:35am ‐ Sep 24, 2019 11:50am

Identification: TUE06

• Assembling sanctions management infrastructure including subject matter experts and advanced filtering to achieve robust responses to changes in sovereign sanctions and SDN list

• Standardizing sanctions risk assessment metrics based on factors such as geography and nature of entity to produce consistent analyses and support account exiting or retention

• Testing sanctions models in areas such as PEP screening, dual-use goods detection and conformity to institutional risk appetite to identify and rectify systemic deficiencies


The Future You: The Skills You’ll Need for the Compliance Career You Want

Sep 24, 2019 10:35am ‐ Sep 24, 2019 11:50am

Identification: TUE07

• Attaining technological literacy to enhance ability to manage AML programs involving data analytics, robotic process automation and other innovations impacting compliance

• Mastering conversion of data into risk management models and cogent presentations to illustrate data’s institutional value, build personal brand and gain ‘a place at the table’

• Pursuing continuing education in areas such as regulatory shifts, IT advances and global affairs to maintain AML subject matter expert status and demonstrate value to institution


The Truth About False Positives (and Negatives): Methods to Safely Reduce Them

Sep 24, 2019 10:35am ‐ Sep 24, 2019 11:50am

Identification: TUE08

• Examining potential systemic causes of excessive false positive generation such as inadequate legacy systems or miscalibrated risk models to develop data-driven response plans

• Supplementing rules-based monitoring with artificial intelligence, machine learning and predictive modeling to enhance oversight accuracy and efficiency and reduce false positives

• Auditing results of false positive mitigation efforts to identify and rectify potential unfavorable outcomes such as algorithmic deficiencies that produce unjustified false negatives


Consenting Views: Achieving Positive Outcomes from Consent Order Recovery (Part One)

Sep 24, 2019 10:35am ‐ Sep 24, 2019 11:50am

Identification: TUE09

• Alerting senior management at first sign of adverse exam findings to outline issues of regulatory concern and develop institutional responses to potential enforcement actions

• Engaging experienced counsel to spearhead negotiation of cease and desist order terms including civil money penalties to attain most favorable terms for your institution

• Creating an internal task force to review consent order requirements such as look-backs or deadlines for task completion to develop a comprehensive remediation plan


Money Laundering Investigation from Detection to Reporting: How Transaction Monitoring and Remediation Technology Can Help

Sep 24, 2019 10:35am ‐ Sep 24, 2019 11:50am

Identification: TUE10

Presented by Fiserv

  • Reviewing three important AML technology innovations in 2019
  • The critical importance of data in financial crime risk management: financial and non-financial data, data veracity, integrity and lineage
  • Understanding why sophisticated transaction monitoring technology is ever more important

How Does Power and Control Impact Risk Management and Data Management?

Sep 24, 2019 10:35am ‐ Sep 24, 2019 11:50am

Identification: TUE11

Presented by Bureau Van Dijk

  • Understanding the complexity of ownership structures and who the ultimate owner is
  • Learning why it’s important to look where the power and control is and how can it be done
  • Exploring what can be done to improve existing due diligence programs to mitigate risks

AI 2.0? Machine Learning, Deep Learning and AML’s New Frontiers

Sep 24, 2019 1:00pm ‐ Sep 24, 2019 2:15pm

Identification: TUE14

• Detailing mechanics of machine learning systems to identify opportunities to bolster AML systems by fostering robust responses to risk management changes and red flags

• Fostering ongoing enterprise-wide awareness of machine learning advances to keep IT infrastructure current and optimize applications for enhancing compliance with regulatory demands

• Reviewing emerging trends involving deep learning tools such as natural language processing to enhance investigative efficiencies and reduce false positive volumes


The Body Snatchers: AML Tools to Fight Transplant Organ Smuggling

Sep 24, 2019 1:00pm ‐ Sep 24, 2019 2:15pm

Identification: TUE15

• Surveying available research by the World Health Organization and other NGOs to gauge size of organ smuggling, transplant tourism and ties to crimes such as human trafficking

• Performing risk-based assessments based on activities such as payments to medical tourism providers offering transplant services to flag potential organ smuggling

• Reviewing initiatives such as Project Organ and Council of Europe’s convention against organ trafficking to detail ways to build awareness and gather and share intelligence