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MON09 - Getting Fintech Oversight Right

‐ Sep 23, 2019 11:45am

• Developing metrics to guide individualized risk assessments of fintech entities to confirm conformity to institutional risk appetite standards and rationally allocate AML resources

• Training front-line staff and downstream managers on fintech business models to build awareness of unique risks and create effective alert generation and response models

• Conducting AML audits of fintech clients to establish strength of controls, rigor of responses to red flags and effectiveness in meeting requirements for CTR and SAR filings