Monitoring the Situation: Using Automation and Artificial Intelligence to Upgrade KYC, CDD and Ongoing AML Oversight

Sep 26, 2017 10:35am ‐ Sep 26, 2017 11:50am

Identification: TUE05

• Defining AI and how it complements traditional rules-based AML models to quantify potential improvements in risk mitigation

• Reviewing cases to detail AI’s potential to minimize confirmation bias in de-risking decision-making and enhance assessment accuracy

• Utilizing algorithmic analytics to supplement manual monitoring to flag anomalies such as transaction behavior changes and hasten alert issuance


Understanding and Breaking the Cycle of How Dirty Money Moves

Sep 26, 2017 10:35am ‐ Sep 26, 2017 11:50am

Identification: TUE07

Presented by BAE Systems

As cybercrime and money laundering escalates at a faster pace, organizations are faced with the heightened scrutiny to increase their detection and prevention methodologies and processes. To do so, organizations must have an understanding of this uncertain and rapidly-changing ecosystem of financial criminals and implementing a strategy to break their cycle.

Learning Objectives:

  • Understanding the Ecosystem of how dirty money moves
  • Roles and Responsibilities within the dirty money ecosystem
  • What can be done to break the cycle and protect yourself


Next Generation KYC & KYC Review - Automation of Primary Source

Sep 26, 2017 10:35am ‐ Sep 26, 2017 11:50am

Identification: TUE08

Presented by Bureau van Dijk

  • Learn how industry leaders are automating the KYC/Onboarding process to reduce cost and also increase AML & Sanctions compliance levels
  • When a low risk customer is acquired by a high risk PEP: Find out how traditional time-based periodic reviews create unknown regulatory risks plus solutions to the problem
  • KYC of the future – Hear about artificial intelligence, structured data and why business certificates/annual reports can wrongly identify beneficial owners

Recruit, Retrain, Retain: Hiring, Developing and Keeping Top AML Talent

Sep 26, 2017 10:35am ‐ Sep 26, 2017 11:50am

Identification: TUE09

• Obtaining senior management buy-in to acquire superior AML human resources at competitive pay levels

• Aiding staff retention and professional development with formalized training in evolving AML trends such as cybercrime and fintech

• Creating non-cash incentives including team-leadership opportunities and supportive workplace culture to aid personal brand-building and limit talent poaching


Game On: A Special Report from the Sports Integrity Global Alliance on Ethical Standards, Financial Integrity and Governance Issues in Sports

Sep 26, 2017 10:35am ‐ Sep 26, 2017 11:50am

Identification: TUE10

• Developing international standards on sports governance and financial integrity

• Supporting transparency and publishing reports on the newly developed international standards

• Assembling multiple stakeholders to support ethical behavior, financial integrity and governance issues on an ongoing basis


Written in the SARS: Upping Your Game on Suspicious Activity Report Narratives

Sep 26, 2017 10:35am ‐ Sep 26, 2017 11:50am

Identification: TUE11

• Assembling required information including client data, transactional behavior and reason for flagging activity as suspicious

• Outlining and writing narrative arc that is clear, concise, chronological and comprehensive

• Editing SAR for thoroughness and accuracy and designating point person and procedures for responding to follow-up inquiries by regulators or law enforcement


Sanctions Update: Keeping Sanctions Management Current and Robust

Sep 26, 2017 1:00pm ‐ Sep 26, 2017 2:15pm

Identification: TUE12

• Reviewing recent sanctions shifts involving Cuba, North Korea, Iran and Russia to ensure that sanctions risk management oversight is consistent with current risk tolerance statements and other established risk mitigation policies.
• Developing quantitative risk assessments based on factors such as OFAC program changes, geography, entity profile and transaction patterns to better gauge institutional sanctions risks
• Testing sanctions monitoring systems to identify and rectify systemic issues such as inadequate filtering and misaligned threshold settings.

Algorithms, Data Mining and You: Boosting AML Efficiencies and Effectiveness with Analytics

Sep 26, 2017 1:00pm ‐ Sep 26, 2017 2:15pm

Identification: TUE13

• Outlining how algorithms function to optimize roles in data extraction and analysis

• Developing enterprise-wide data access protocols to strengthen CDD, sanctions screening, onboarding and other AML imperatives

• Utilizing data analytics to investigate and resolve alerts, reduce false positives and boost operating efficiencies


Humans Needed: The Limitations of Technology and Your Continuing Role

Sep 26, 2017 1:00pm ‐ Sep 26, 2017 2:15pm

Identification: TUE15

Presented by White & Case

  • Understanding the risks & benefits of artificial intelligence
  • Defining and refining your role in a dynamic Regtech environment
  • Automation: You can set it, but why you can’t forget it

Innovation in Watchlist Screening Programs

Sep 26, 2017 1:00pm ‐ Sep 26, 2017 2:15pm

Identification: TUE16

Presented by LexisNexis Risk Solutions

  • Challenges of aging technology with increasing regulatory expectations
  • Strategies for extending or replacing end of life technology
  • Innovation through advanced analytics and machine learning