PLEASE SELECT A DAY FROM THE BELOW DROPDOWN TO VIEW THE AGENDA:

8:00 Registration and breakfast

8:50 Chair’s opening remarks

Moderators: Zoya Ashirov, Associate Partner & Michael Vila, Senior Manager, Financial Crimes Advisory, Sia Partners

FRAUD & FINANCIAL CRIME LANDSCAPE – PANEL DISCUSSION

9:00 Setting the scene: Reviewing the fraud and financial crime landscape and evolution of risks in a post pandemic environment

Session details 

  • Using data analytics to identify risks
  • Identifying red flags and behaviour internally
  • Accessing business databases to leverage intelligence
  • Identifying high risk people
    • Employee intelligence and access
  • Increased risk in economic downturn
  • Paycheck protection program: Impact of changes to statute of limitations
    • Stimulus package impact to fraudulent activity.

Nicolas Khouri, Deputy BSA Officer, Ally 

Patricia Pajuelo, Director, Head of Quantitative Analysis, Management Solutions 

Daniel J. Fortune, Partner, Bradley

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SCAMS

9:45 Evolution of scam techniques and staying ahead of advances in criminal tactics

Session details 

  • Using data to identify scams proactively without impacting the customer
  • Engaging the customer in education to prevent scams
  • Business email compromise: Tools to protect customers
  • Increasing information sharing between banks
  • Model validation processes for detection tools
  • Leveraging tools to identify vulnerable customers
    • Identifying scenarios
  • Increased risk with movement into digital space

Rob Rendell, Global Head of Fraud Market Strategy & Fraud Prevention – Subject Matter Expert, NICE Actimize

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10:20 Morning refreshment break and networking

10:50 The risk of digital assets for financial Institutions

Session details 

  • Introduction: digital assets current state​
  • What is distributed ledger technology?​
  • Cryptocurrency financial crime risk​
  • Cryptocurrency financial crime framework​
  • Compliance and other risk concerns​
  • Blockchain security​

Ed Longridge, Managing Director, Head of Financial Crimes Consulting, Phyton Consulting
Tom Messina, Digital Assets Director, Phyton Consulting

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CRYPTOCURRENCY – PANEL DISCUSSION

11:35 Shaping enforcement of cryptocurrency and developing fraud and AML mitigation techniques

Session details 

  • Difficulties tracking funds in cryptocurrency fraud
  • Developing a KYC program to offset risk
  • Future of regulation and control of crypto industry
  • Managing risks of crypto exchanges across jurisdictions
  • Shaping enforcement framework on virtual commodities
  • Defining cryptocurrency for effective enforcement
  • AML risks with increased use of cryptocurrency
  • Leveraging technology to identify ownership transfer
  • Decentralized finance: DoJ taskforce for crypto and digital technology fraud
  • Increased use of cryptocurrency in financial Marijuana businesses
    • Legal challenges at a federal level
    • Implementing a KYC program to offset risk

Patrick Wyman, Unit Chief, FBI’s Virtual Assets Unit. FBI

Gaurav Tiwari, Head of Governance, Global Anti-Money Laundering (AML) Center, State Street

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12:20 Lunch break and networking

SYNTHETIC ID AND IDENTITY THEFT

1:20 Reviewing tactics in identity theft and use of synthetic IDs

Session details 

    • Account opening security practices
      • Techniques and processes to mitigate fraud
    • Accessibility of personal information on the dark web
      • Impact to online account opening
    • Increased synthetic ID fraud
      • Controls around account opening
      • Education for customers
    • Keeping up with criminal technology tactics
    • Identification of money mules and verification at account opening

Stacey Wishowsky, VP, Fraud and Identity, MVB Bank

Bobbie Paul, SVP, Head of Fraud and Identity, MVB Bank

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1:55 Building resilience against identity fraud using biometrics

Session details 

  • Drivers and challenges of identity verification and authentication in financial services.
  • Synthetic identity fraud vs traditional identity fraud – why current defenses aren’t enough.
  • Synthetic identity fraud trends
  • How synthetic identity fraud is used to exploit onboarding and authentication processes
  • Applying biometrics to create resilience

Andrew Bud, Founder & CEO, iProov

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AUTHENTICATION

2:30 Developing effective authentication strategies leveraging biometrics and staying ahead of advancing technology

Session details 

  • Increased sophistication of deep fakes
  • Evolution of technology and authentication practices
  • Tracking mobile device activity
  • Managing deep fakes in biometrics and authentication
  • Techniques to enhance authentication
  • Balancing customer experience with biometrics

Rick Swenson, Managing Director Fraud Strategy and Governance, TIAA

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3:05 Afternoon refreshment break and networking

FBI – CASE STUDY

3:35 FBI: Foreign bribery, kleptocracy and high level money laundering

Session details 

  • Tracing illicit funds across certain jurisdictions
  • Expansion of collaborating amongst law enforcement agencies globally
    • Collaboration to trace illicit funds
  • Awareness and training regarding foreign bribery and theft
    • Capabilities to investigate and prosecute
  • Approaches to expedite bank to bank request for information
    • Internationally and domestically
  • Reviewing Fincen top priorities

Patrick Killeen, Unit Chief-International Corruption Unit, FBI

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NFR

4:10 Inclusion of operational risks under model risk including cyber risk and fraud models

Session details 

  • Cybersecurity validation requirements
  • Threat identification and mitigation
  • Categorization criteria for models
  • OCC booklet inclusion of cyber security model component
  • Expansion of areas leveraging AI and machine learning
  • Technical expertise and talent
  • Understanding nuances and requirements across domains

Chris Smigielski, Model Risk Director, Arvest Bank

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HUMAN TRAFFICKING + MONEY LAUNDERING 

4:45 Human trafficking + money laundering case presentation

Session details 

  • Identifying the role of financial institutions in combatting trafficking
  • Best practices
  • Public and private partnerships

Elvin Hernandez, Special Agent , Homeland Security Investigations, New York El Dorado Task Force

Benny Tiado, Intelligence Specialist, Homeland Security Investigations

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5:20 Chair’s closing remarks


5:30 End of day one and drinks reception

8:00 Registration and breakfast

8:50 Chair’s opening remarks

Day 2 Moderator: Bryant Moravek, Director of AML & Sanctions Compliance, Risk Advisory Services, Kaufman Rossin 

SANCTIONS

9:00 Managing the global geopolitical environment and techniques to stay ahead of fast-moving sanctions regimes

Session details 

  • Developing and managing a control framework that accounts for sanctions risks
  • Advancing capabilities through analytics and automation
  • Outside the sanctions box: Solving for sanctions risks using the comprehensive suite of financial crimes tools

Andrew Jensen, Managing Director and Global Head, Global Sanctions & Screening (GSS), Scotiabank

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SANCTIONS – PANEL DISCUSSION

9:25 Managing the global geopolitical environment and techniques to stay ahead of fast-moving sanctions regimes

Session details 

  • Working with clients exposed to Russia sanctions
  • Impact to investors and investment decisions
  • Managing sanctions requirements in jurisdictions
    • Challenges with fluid nature of borders
  • Managing sudden changes in sanctions compliance
  • Identifying risk exposure within portfolios and business lines
  • Managing the risk of secondary sanctions
  • Developing consolidated escalation protocols

Andrew Jensen, Managing Director and Global Head, Global Sanctions & Screening (GSS), Scotiabank

Julianne Susman, Executive Director and Counsel, Global Financial Crimes Legal, Morgan Stanley

Dave Lynch, Global Head of Analytical Solutions, Sayari

Hunter Kreger, VP, FIU Deputy OFAC Officer, Atlantic Union Bank

Erika Alders, Managing Director and Managing Counsel, Head of U.S. Regulatory Legal, State Street

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10:10 Fraud and financial crime modernization

Session details 

  • Modernizing financial crime compliance framework and systems
  • Reviewing what a typical current state generally looks like
    • Common gaps and deficiencies
    • Costs and implications
  • Understanding what an ideal desired future state entails
  • Transitioning to a desired future state to enhance financial crime compliance whilst driving cost savings in the long term

Ozgur Vural, Senior Managing Director, Data & Analytics, FTI consulting

Keenan Mahoney, Managing Director, Risk & Investigations, FTI consulting

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10:45 Morning refreshment break and networking

11:15 Embracing AI in risk assessment processes and systems

Session details 

  • Reaping the benefits of matured AI
  • Leveraging AI-powered sanctions screening to help with client onboarding and monitoring
  • Embracing AI to bring below benefits
  • Quickly and accurately match millions of names to watchlists
  • Extract and link entities to people in knowledge bases for an enriched view
  • Leverage sources in their original languages, without the need for translation
  • Free compliance professionals from hours of tedious work

Catherine Havasi, Chief of Innovation & Technology Strategy, Babel Street

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11:50 Opening the Black Box: AI You Can trust to Detect Financial Crime

Session details 

  • Barriers to Trusting AI
  • Wolfsberg principles for using AI/ML in Financial Crime Compliance
  • Explainability of Individual Decisions
  • Explainability of Complex Models
  • Model Governance and Model Validation
  • Measures Mapping the Wolfsberg principles

Wolfgang Berner, Co-founder & CTO/CPO, Hawk AI

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12:25 Lunch break and networking

  • TECHNOLOGY – PANEL DISCUSSION

    1:25 Leveraging the use of technology including AI and machine learning to optimize programs and enhance transaction monitoring

    Session details 

    • Accelerating and streamlining through automated technologies
    • Leveraging AI and machine learning within AML programs
    • Reviewing results of implementation
    • Converting transaction monitoring to machine learning models
    • Understanding data requirements for technology integration
    • Reducing false positives with an automated program
    • Gaining insight through analytics and visualization

 

 

Katherine Cobb, Cyber Incident Response Manager, Zions Bancorporation

Adam McLaughlin, Head of Strategy & Marketing, AML, NICE Actimize

Steve Liu, General Manager, Hawk AI

Xiaoling (Sean) Yu, Head of Financial Crimes Modeling and Analytics, KeyBank

 

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MACHINE LEARNING 

2:10 Machine learning as a foundational component of anti-money laundering (AML) and fraud solutions for today and the future

Session details 

  • Differences between automation and machine learning (ML) as a subset of AI for AML and fraud
  • Legacy AML systems and the problem of false positives (high-volume, low-value alerts)
  • AI alignment with the organization’s risk appetite and risk assessment
  • ML and training the model to recognize fraud patterns
  • Benefits of adapting to AI and ML

 

Mark Elkommos, VP, Financial Crime Compliance Monitoring & Testing Manager, SMBC

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AML REGULATORY OVERHAUL

2:45 Navigating the corporate transparency acts's (CTA) new beneficial ownership rule

Session details 

  • Rethinking and re-evaluating traditional AML frameworks
  • Impact on traditional customer identification program and “know your client” processes
  • Exploration of new beneficial ownership reporting requirements
  • How financial institutions can leverage the new beneficial ownership database
  • Best practices to prepare for the forthcoming changes under the CTA

 

Sabeena Liconte, Chief Compliance Officer, ICBC

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3:20 Chair’s closing remarks

3:30 End of Congress