8:00 am Breakfast and Coffee
8:50 am Chair’s Opening Remarks
9:00 am PANEL: Using AI and Robotics in Client Entity Resolution to Reduce Costs and Improve Effectiveness
Synopsis
• Cut through the noise of AI and robotics to gain actionable insights to improve your monitoring program
• Create a singular customer view to better identify criminal activity
• Reduce false positives by integrating multiple data sources
• Reduce your cost base by automating report generation
• Increase investigation effectiveness through technological upgrades
9:45 am Transcending Rules-Based Financial Monitoring for Increased Effectiveness in Tackling Money Laundering
Synopsis
• Improve your data cleansing/parsing and availability of all internal/external sources in a data lake to form a complete picture of clients and better tackle crimes
• Enhance your entity resolution to assign accurate risk to an institution’s relationships and transactions to minimize risk in correspondent banking
• Build your network generation to leverage entity resolution and visualize data effectively for investigation purposes
• Learn how features-based models quantifying risk in terms of available data sources (ie, all risks run against all data at once) can be used to tackle financial crime
• Optimize machine learning to identify features that are most effective in identifying risk
10:20 am Coffee and Speed Networking
10:50 am Taking a Risk-Based Approach to the Investigative Process – the 5 Steps
Synopsis
• Better prioritize your case load to focus on high probability actions
• Get insight into the 5 steps to becoming more efficient in your monitoring
• Understand how to better weight risk into your investigative process
11:20 am Case Study: Transforming AML From a Manual to an Automated Process Utilizing Increased Technological Deployment and Visualization Tools
Synopsis
• Better visualize SARs to improve case selection
• Minimize compliance costs by automating intensive processes
• Enhance your AML program through automated functions for efficiency gains
11:50 am Creating efficiency through policy & procedure to minimize compliance costs
Synopsis
- “Free up” expert resources by centralizing the development and maintenance of policy documentation
- Reduce audit risk exposure through the consolidation and consistency of policies and procedures
- Optimize policies and procedures through credible challenge
12:15 pm Lunch and Networking
1:10 pm Case Study: eBay’s Path in Developing a TM System
Synopsis
• A different reality: Financial institutions now “play on all fields” and develop in-house technologies, in addition to purchasing out of the box solutions
• In AML you must get it right one the first try: Points to consider when evaluating in house solutions vs. out of the box systems as part of an AML program
1:40 pm How to Upgrade Your Monitoring Systems to Meet Business Cost Pressures and Ensure Compliance
Synopsis
• Understand how to manage the dual requirements of increased reporting burdens and downward compliance cost pressure to satisfy business leadership
• Draw a better client profile to understand large transactions and reduce false positives
• Tune your monitoring system so it is better calibrated to criminal behavior
2:10 pm Improving your monitoring processes to tackle criminal behaviors
Synopsis
- Better map out criminal behaviors to enhance your monitoring models to identify criminal behaviours
- Get to grips with emerging threats to update your systems
- Develop your AML methodologies to better tackle financial crime
2:40 pm Coffee and Networking
3:00 pm Advancing Transaction Monitoring to Inform the Investigative Process
Synopsis
• Understand how to condense monitoring data to better inform the investigative process
• Attain a higher success rate in investigations through developing your monitoring program
• Utilize multiple data sources to better target AML activity and ensure regulatory compliance
3:35 pm Utilizing Transaction Monitoring Upgrades to Inform FIU
Synopsis
• Improve interactions between your monitoring and FIU teams to reduce criminal activities
• Develop your flagging systems to become more efficient
• Become more effective in tackling emerging threats and mapping criminal behavior
4:05 pm Best Practice in Streamlining Transaction Monitoring to Increase Efficiency and Reduce Costs
Synopsis
• Hear a case study in how to streamline transaction monitoring to reduce your cost base
• Enhance your onboarding capabilities to tackle criminal threats early on
• Create a strong CFT Framework to ensure AML compliance
4:30 pm Audience Discussion – a Practical Guide to Reducing False Positives
Synopsis
• Share case study experiences in how to reduce resource-intensive false positives
• Ask speakers and colleagues questions to better develop your AML program
• Learn through interactive Q&A to take actionable insights back to the office