Recorded Webinar: Effective due diligence, screening and monitoring to mitigate financial crime risk
Managing financial crime risk requires a comprehensive approach to due diligence, screening, and continuous monitoring. Financial institutions face increasing regulatory scrutiny and staying compliant in today’s dynamic environment requires advanced technologies. Failure to comply is resulting in severe enforcement penalties. This webinar will explore practical strategies and tools for mitigating financial crime risk, focusing on AI-powered solutions and best practices in due diligence and screening.
The session will cover how institutions can implement robust risk management frameworks that incorporate the latest artificial intelligence (AI) techniques and advanced analytics to detect and mitigate financial crime. Attendees will gain insights into the latest technologies for screening and continuous due diligence, and an understanding of the regulatory expectations and requirements.
Listen to the webinar to discover:
- Practical steps for implementing a comprehensive financial crime risk management framework
- Key regulatory requirements and expectations from global regulators
- Best practices for screening and continuous due diligence
- How AI and machine learning enhance screening and due diligences processes
- Integrating advanced analytics with traditional risk management approaches
- Practical examples demonstrating successful implementation of advanced screening tools
Speakers:
More about our speakers:
Loren Schwartz
Senior Director, Capital Markets Regulatory Technology
CIBC Capital Markets
Loren is the AML Transaction Monitoring Lead and works closely with the Enterprise AML, Compliance and Business Management groups to implement comprehensive processes, systems and controls to ensure compliance with AML, KYC and Transaction Reporting requirements across Capital Markets lines of businesses. He is an experienced and dynamic leader currently guiding Regulatory Technology in Capital Markets. Notable achievements include spearheading strategic technology initiatives and building large, high performing Agile teams. Exceptional in communication and armed with deep banking domain knowledge, Loren leads with resilience and dedication, striving to harness technology to overcome complex business challenges. Loren has an MBA in Finance from the Schulich School of Business.
Dan Auciello
CAMS Chief BSA Officer and Head of Financial Crime Compliance
Bank of China
Dan is currently the Chief BSA Officer and Head of Financial Crime Compliance (FCC) at Bank of China. He has worked at several large US and International financial intuitions. Dan has developed a proven track record of rebuilding and remediating programs to develop sustainability while meeting regulatory compliance. Dan has expertise in implementing effective strategies that break down silo’s and foster organizational collaboration and integrity across all teams. Dan has developed AML technology, quantitative, and Anti-Fraud teams ensuring coordination so that FCC related risks from Sanctions through Internal Operations can be identified and addressed.
George Stein
Compliance & Operational Risk Manager, Surveillance Strategy F&O+Derivs
Bank of America
George Stein is currently a Director, Global Compliance and Operational Risk for Bank of America on the global markets team. George has a background in F&O trading and market-making, the Chicago exchanges, and market abuse and surveillance work for several global Banks.
Jon Elvin
Strategic Risk Advisor
Saifr
Jon has over 30 years of experience in compliance, risk management, AML, BSA, and sanctions, having held numerous executive roles in various sectors of the financial industry, including banking, US government, consulting, and commercial adverse media software. He is a Certified Fraud Examiner (CFE) and Certified Anti-Money Laundering Specialist (CAMS).
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