Human + Machine: Achieving the Optimal Mix of Real People and Artificial Intelligence

Apr 9, 2018 2:05pm ‐ Apr 9, 2018 3:20pm

Identification: C10

• Delineating comparative advantages of manual and automated reviews for specific compliance functions to attain optimal resources allocation
• Training staff on IT infrastructure to promote tech literacy and maximize value of automated processes
• Staying current on tech advances and regulatory changes to adjust resource allocations as warranted


How Data, Technology and Automation are Disrupting KYC

Apr 9, 2018 2:05pm ‐ Apr 9, 2018 3:20pm

Identification: C11

• How available data is being mapped together to form a holistic risk profile
• The role of technology and automation in streamlining manual processes and reducing false positives
• The maturity curve of adoption of key technologies, and what practical steps you can take to enhance your control environment
• How Machine Learning and RegTech will catalyze the next generation AML program


As Task Outstrips Human Capability, What’s Next for AML?

Apr 9, 2018 2:05pm ‐ Apr 9, 2018 3:20pm

Identification: C12

• Digital technologies are no longer “nice to have” but “critical” to address AML compliance challenges
• The future of AML compliance will require combining human intuition with digital and AI. Firms will therefore need to innovate and co-innovate.
• How digital and AI can aid compliance and change the industry standards?


Updates on Risks Regarding Marijuana-Related Businesses

Apr 9, 2018 2:05pm ‐ Apr 9, 2018 3:20pm

Identification: C7

• Reviewing various state, federal and non-US cannabis laws to accurately detail distinctive AML issues regarding marijuana-related businesses
• Creating transactional review policies to mitigate potential indirect risks such as commingling of MRB proceeds with other funds
• Developing agile risk models to permit safely banking MRBs in event of regulatory changes


Here’s the Story: Producing Polished SAR Narratives

Apr 9, 2018 2:05pm ‐ Apr 9, 2018 3:20pm

Identification: C9

• The Five W’s: Assembling supporting data to answer who, what, when, where and why
• The Four C’s: Crafting a storyline that is comprehensive, concise, chronological and clear
• Editing narrative to ensure accuracy and remove irrelevant or repetitive information


Sanctions Updates: The Latest on Cuba, Iran, Venezuela and North Korea

Apr 9, 2018 3:50pm ‐ Apr 9, 2018 4:50pm

Identification: C13

• Assembling management and technological infrastructure to ensure robust oversight of rapidly changing sovereign sanctions policies
• Training front-line personnel on sanctions risks and screening systems to detect and escalate red flags such as possible SDN matches as warranted
• Delineating differences between US vs non-US sanctions regimes to identify and resolve cross-border compliance conflicts


A Quantitative Approach: Measuring and Mitigating Residual Risks

Apr 9, 2018 3:50pm ‐ Apr 9, 2018 4:50pm

Identification: C14

• Articulating an objective statement of institutional risk appetite to produce uniform assessment processes for products, services, entities and geographic locations
• Distinguishing inherent business model risks and residual risks to ensure proper oversight models for each
• Performing quantitative audits of post-assessment residual risks to ensure concurrence with your institution’s stated risk appetite and to document exceptions


Following FinCEN’s Guidance on Reporting Cyber Events

Apr 9, 2018 3:50pm ‐ Apr 9, 2018 4:50pm

Identification: C15

• Reviewing FinCEN guidance to outline cyber events with mandatory SAR filing requirement
• Gathering and including data such as IP and suspected malware file names in SAR to assist investigators
• Following FinCEN rules for filing a cumulative SAR to report multiple cyber events that are similar in nature or believed to connected


Up to Code: Utilizing Data Analytics to Strengthen AML Oversight

Apr 9, 2018 3:50pm ‐ Apr 9, 2018 4:50pm

Identification: C16

• Developing strategies to apply data analytics to complement risk management functions such as onboarding
• Identifying AML trends and challenges from extracted data to allocate AML resources via a risk-based approach
• Auditing analytics processes to identify and correct systemic flaws such as algorithmic bias


Weathering a Regulatory Storm: Small-bank Strategies for Complying with Consent Orders

Apr 9, 2018 3:50pm ‐ Apr 9, 2018 4:50pm

Identification: C17

• Fully engaging in the exam process to develop insights into examiner concerns underlying any subsequent consent order
• Developing and implementing a corrective action plan that properly resources remediation efforts
• Conducting post-remediation model testing to ensure order’s issues are resolved and systemic flaws are corrected