Podcasts about transaction monitoring

The Institute of Internal Auditors Presents: All Things Internal Audit In this episode, Antonio Cacciapuoti and Alessandro Casarotti join Ricardo Martinez to discuss the impact of AI on financial crime. They explore how AI is being used by criminals, the challenges it presents, and how internal auditors can leverage AI to enhance their controls and detection mechanisms. Learn more from this episode's guests, Antonio Cacciapuoti and Alessandro Casarotti, at their upcoming session at The IIA's 2025 Fraud Virtual Conference on February 20th, 2025. Host: Ricardo Martinez, senior manager, Portfolio Strategy, The IIA Guests: Antonio Cacciapuoti, head of internal audit, Eurizon Alessandro Casarotti, forensic and anti-financial crime director, PwC Luxembourg Key Points:  Introduction to AI in Financial Crimes (00:00:02) Criminal Use of AI in Financial Crimes (00:00:35) AI's Impact on Misinformation and Market Manipulation (00:00:51) AI in Transaction Monitoring and Predictive Analysis (00:04:12) Challenges with Data Quality and System Maturity (00:07:24) Human Skills and Data Quality in AI Efficiency (00:08:31) AI's Role in Reducing False Positives (00:06:08) Importance of Human Factor in AI Implementation (00:09:11) AI's Limitations and the Need for Human Oversight (00:10:13) Future of AI in Internal Auditing (00:12:19) Multidisciplinary Approach for Future Talent (00:15:29) Risks of Over-Reliance on AI by Young Auditors (00:17:29) Conclusion and Final Thoughts (00:18:23) The IIA Related Content: Interested in this topic? Visit the links below for more resources: Auditing Artificial Intelligence Course Demystifying AI: Internal Audit Use Cases for Applying New Technology Visit The IIA's website or YouTube channel for related topics and more. Resources Mentioned: IIA 2025 Fraud Virtual Conference PwC Global Economic Crime and Fraud Survey IIA Artificial Intelligence Knowledge Center IIA Vision 2035 Follow All Things Internal Audit: Apple PodcastsSpotify LibsynDeezer

Liran Amrany, Partner, Team8Fraud is projected to exceed $250 billion by 2031. The FinTech sector faces a crucial challenge in advancing its fraud prevention strategies. Evolving market dynamics offer fertile ground for emerging fraud tech unicorns. Liran Amrany, a Partner at Team8's FinTech foundry, helps portfolio companies launch new products and businesses. Robin Amlôt of IBS Intelligence speaks to him about the challenges posed by fraud in financial services. 

Rajesh Mirjankar, Managing Director, CEO & Co-Founder, Kiya.aiThe biggest challenge facing regulatory technology (RegTech) and the tech firms that provide it to the financial services sector is at once highly complex and yet may framed very simply. In the latter instance, it is simply a matter of keeping up with fast-evolving regulations and doing so across borders. The question is this – is RegTech fit for purpose in the face of the AI revolution? Robin Amlôt of IBS Intelligence speaks to Kiya.ai's Managing Director and CEO, Rajesh Mirjankar 

“As long as you have these continued gaps in the global regulatory framework around crypto, it's…too easy for criminals to launder funds.”In this episode, recorded on April 30th, Aidan and David discuss everything from his early encounters with crypto and his journey into the space to the insights on the evolution of crypto crime shared in his book, ‘The Crypto Launderers'.Together, they explore the different regulatory approaches to digital money laundering, shed light on why crypto transactions get so much attention from regulators and speculate on the exciting future of cryptocurrency investigations, including the impact of emerging technologies like the metaverse and artificial intelligence.Timestamps03:30 - An Accidental Journey into Cryptocurrency Compliance05:00 - Understanding Anti-Money Laundering Measures in Finance09:30 - Cryptocurrency Regulation in an Evolving Industry12:00 - Regulatory Compliance as a Competitive Advantage15:00 - Balancing Compliance Costs with Anti-Money Laundering20:00 - Global Disparities in Cryptocurrency Regulation21:00 - The Complex Evolution of Cryptocurrency in Illicit Finance25:00 - Blockchain: The Immutable Ledger of Cryptocurrency Transactions30:00 - Evolving Tactics in Cryptocurrency Crime and Law Enforcement35:00 - The Future of Global Money Laundering Prevention37:00 - Evolving Challenges in International Law EnforcementResources Mentioned:The Crypto Launderers: Crime and Cryptocurrencies from the Dark Web to DeFi and Beyond: Amazon.co.uk: Carlisle, David Elliptic's Crypto Regulatory Affairs BriefingElliptic's BlogRUSI's Center for Financial Crime and Security StudiesAbout our Guest:David Carlisle wears many hats: he's the Vice President of Policy and Regulatory Affairs at Elliptic, an Associate Fellow at the Royal United Services Institute (RUSI)'s Centre for Financial Crime and Security Studies (CFS) and the Author of “The Crypto Launderers: Crime and Cryptocurrencies from the Dark Web to DeFi and Beyond”.As a former Policy Advisor to the US Treasury's Office of Terrorist Financing and Financial Crimes, David is a respected authority on the intersection of cryptocurrency crime, technology and public policy. He regularly shares his expertise on digital money laundering, regulatory compliance frameworks and sanctions compliance with major media outlets to help shed light on this intricate subject.DisclaimerOur podcasts are for informational purposes only. They are not intended to provide legal, tax, financial, and/or investment advice. Listeners must consult their own advisors before making decisions on the topics discussed. Asset Reality has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Asset Reality employees are those of the employees and do not necessarily reflect the views of the company. Asset Reality does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Asset Reality.

“The speed at which this happens is faster than anything we've seen before.”In this episode, Seize & Desist host Aidan Larkin is joined by Jarod Koopman, the Executive Director of Cyber and Forensic Services at IRS Criminal Investigations.As the only federal law enforcement agency to focus completely on fighting financial crimes, IRS Criminal Investigations has seized more digital assets than any other agency in the world. Aidan and Jarod discuss the secret to IRS-CI's status as a world leader in digital currency investigations, the reliability of blockchain analytics data in court and the lasting impact of asset seizures on criminal behaviour.Jarod shares his thoughts on the legitimacy of cryptocurrency transactions, the necessary compliance guidelines, and the parallels between Brazilian jiu-jitsu and cryptocurrency investigations.Timestamps01:00 - IRS's Expertise in Cybercrime and Asset Seizures05:30 - Unveiling the Success Behind Major Investigations07:00 - Revolutionizing Transactional Analysis with Blockchain Tools11:30 - Collaborative Innovation in Cybercrime Investigations13:30 - Evaluating FATF's Effectiveness in Asset Recovery16:00 - Balancing Privacy and Crime Prevention19:30 - Explaining Cryptocurrency Mixers and Blockchain Laundering20:00 - Legitimate Uses of Cryptocurrency Amongst the Illicit Activity25:30 - The Impact of Asset Seizure in Fighting Crime30:00 - Law Enforcement and the Evolving Digital Landscape33:00 - Fostering Resilience and Innovation36:00 - Why Martial Arts Promotes Success in the Investigative Services41:00 - Civil Forfeiture in Asset Recovery44:00 - Validating Blockchain Analytics in Legal JudgmentsResources Mentioned:Jarod on the TRM Talks PodcastSamourai Wallet Founders Arrested and Charged With Money Laundering IRS Criminal Investigations on LinkedIn About our Guest:Jarod Koopman is the Executive Director of Cyber and Forensic Services at IRS Criminal Investigations and a black belt in Brazillian Jiu-Jitsu.He joined the IRS directly after college, rising through the ranks to become the agency's first director of cybercrime. In this role, Jarod oversees all global operations involving cyber and forensic activities, including policy, procedures, budget and investigative services. He also oversees the operation of their new centralised Advanced Collaboration and Data Center (ACDC) which specialises in training and support for crypto compliance.DisclaimerOur podcasts are for informational purposes only. They are not intended to provide legal, tax, financial, and/or investment advice. Listeners must consult their own advisors before making decisions on the topics discussed. Asset Reality has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Asset Reality employees are those of the employees and do not necessarily reflect the views of the company. Asset Reality does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Asset Reality.

In episode 83, I speak to Heidi Hunter, Chief Product Officer at IDology, about how their platform helps businesses to create frictionless and secure eCommerce customer experiences. We discuss how the platform provides many features including dynamic Knowledge-based Authentication, Transaction Monitoring, document authentication, biometric verification and many others to streamline checkout processes, increase conversions and prevent fraud. We also discuss the challenges and opportunities of digital identity verification in the eCommerce industry, and how IDology adapts to changing regulations and customer expectations.VIDEO and PDF Transcript: - click here https://thepaymentsshow.substack.com/p/83 Summary of topics discussed:(01:02) - IDology Overview: Identity Verification and Fraud Management(02:29) - Statistics on Business Fraud and Data Breaches(03:32) - Exploring the Sophistication of Fraud Attacks(04:51) - The Role of Technology in Fraud Prevention(05:17) - Impact of COVID-19 on Digitization and Fraud(06:15) - The Importance of Data Collection in Fraud Prevention(06:59) - Challenges in Asserting Ownership of Data(08:58) - The Importance of a Smooth Onboarding Process(11:18) - Synthetic Identity Fraud(12:40) - Data Depth vs Richness(15:04) - Differentiating Factors of Ideology's Solutions(17:35) - eDNA: Data Collection Across Industries & Markets(18:49) - Money Moves: Find It Faster(21:27) - Layering Data: Data Breaches & The Dark Web(22:53) - Industry Consortium Fraud Network & Cross Border Verification(30:08) - Fraud Trends: Surge in Fraudulent Domains(32:44) - The Investment Fraudsters Make in Synthetic Identity Profiles(33:23) - The Surge in Voice Over IPs(33:52) - Efficiency of Fraudulent Submissions(34:10) - Regulation and Legislation Around Money Transfers(34:48) - The Challenge of Differentiating Fraudulent P2P Transfers(36:44) - Predictions & The Future(37:19) - Business Verification Is Increasingly Important(38:26) - The Impact of OpenAI on Fraud(41:45) - Know Your Business (KYB) Verification(49:09) - Get in Touch with IDologyDetails:- Recorded on 15 Nov 2023- Host: Satwant Phull- Guest: Heidi Hunter, Chief Product Officer, IDology[Next Steps]- Get in touch with Satwant: digitalmoneylab.com - IDology: idology.com | @idology

For the second time on the podcast, we have guests from the Silent Eight. With us now are Lyndon Reid and Pak Teng Chow. Lyndon is a seasoned professional with a real passion for sales, business development, and helping companies navigate the complex world of legal and compliance. Prior to joining Silent Eight, he made waves as the VP of Sales & Marketing at Uncharted, where he dove headfirst into the world of digital distribution technology for the insurance sector. He's also made his mark at big players like Manulife and Allianz Partners, leading alternative and affinity distribution efforts across the Asia Pacific. But let's not forget his earlier years, where he served as a Barrister at the Sydney Bar and held various legal roles in both private practice and in-house for global financial institutions.We are also joined by Pak, Silent Eight's dynamic sales director who's leading the quest for expansion into the SEA market. Beyond his role at Silent Eight, Pak actively contributes to the Singapore FinTech Association as a member of the RegTech subcommittee. Pak is truly passionate about AI and automation, always striving to achieve more with less effort. As you'll hear today, he's brimming with enthusiasm when discussing the future of work, technology, AI, compliance, and the endless possibilities they offer. With his diverse entrepreneurial background in F&B, Mobile Games, Blockchain Education, IoT Vending Machines, and Marketing Agency, Pak brings a fresh perspective and a treasure trove of insights to the table.LinkedIn Lyndon: https://www.linkedin.com/in/lyndonr/LinkedIn Pak: https://www.linkedin.com/in/pakteng/Support the show

Reflecting on a time you were deceived, did you ever pause first to ask yourself the most rudimentary question: does this make sense? Overlooking this question can lead to bad outcomes for consumers, businesses, and society alike.The art of deception is nothing new, and neither are the subsequent feelings of humiliation and fear victims are left with.Fighting financial crime takes on different forms across various departments, but in this episode of KYC Decoded, we focus on fraud prevention. Joining host Alex Pillow are fraud experts, Greg Richardson, Senior Director of Global Sales at NeuroID, and Kyle Caldwell, Senior Vice President of Fraud Product Management at M&T Bank. Their conversation covers:The many different guises of fraudHow fraudsters steal informationThe impact fraud has on institutions, law enforcement, and practitionersThe critical relationship between highly intelligent fraud specialists, quality data, and advanced technology when fighting sophisticated criminal networksIf this episode left you hungry for more information on fraud, here are some additional resources:KYC Decoded episode, Book club: The Lazarus heistLuke Raven's LinkedIn post comparing fraud and anti-money launderingTech coalition websiteFrank on Fraud websiteInfamous Ghost Money YouTube channelOur blog, NRRP anti-fraud measures intensify across the EUAnd, if you are ready to take your fight against fraud another step further, please visit our website and get in touch. We would love to hear from you. 

Stella Clarke, Chief Strategy & Marketing Officer, FenergoAnnounced at Money 20/20, Fenergo has launched KYC & Transaction Compliance, a new offering for FinTechs that combines its KYC and transaction monitoring solutions and enables continuous monitoring of customer profiles in a single, integrated Software-as-a-Service (SaaS) solution. Stella Clarke, Chief Strategy & Marketing Officer at Fenergo, speaks to Robin Amlôt of IBS Intelligence about the change in the company's strategy that's behind the new product.

Monika Liikamaa & Denise Johansson, Co-Founders & Co-CEOs, EnfuceMeeting the rush by non-financial companies and public sector bodies to find FinTechs who can deliver the seamless multichannel payment services their end users are demanding, card issuing and card processing company Enfuce is making a name for itself. The company has already signed multiple high-profile and strategic partnerships in the last year alone. Monika Liikamaa and Denise Johansson (pictured l-r)  of Enfuce speak to Robin Amlôt of IBS Intelligence at Money 2020

Are you in the cryptocurrency industry and struggling to keep up with the regulations? Then you can't miss this episode of PayPod! host Jacob Hollabaugh sits down with Ilya Brovin of Sumsub to discuss the complex world of compliance and fraud prevention in the fintech space. Sumsub is an all-in-one verification platform designed to catch fraudsters and aid businesses in meeting compliance regulations worldwide. Don't miss out on this informative episode for a fun interesting dive into this latest development in payments and fintech!   www.soarpay.com/2023/06/sumsub

Take a deep dive into the evolving world of transaction monitoring with Ted Sausen, an Anti-Money Laundering (AML) expert from NICE Actimize. Ted provides expert insights into the shifting AML paradigm, shedding light on recent innovations and their implications for your financial institution. Are you ready for the future of AML detection? Discover which game-changing technologies are set to transform the fight against financial crime. 

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The Wolfsberg Group, an association of 13 global banks, this week issued a guidance document on requests for information (RFI). The focus of the guidance is best practices in correspondent banks using RFIs in transaction monitoring. John and Elliot discuss some of the issues raised in the guidance and the value of effective use of RFIs. They also talk about the importance of banks being prompt in their responses to RFIs.

Today's guest is Kai Schrimpf, Global Head of Transaction Monitoring at UBS. UBS is a financial services organization doing more than $35 billion in annual revenue based in Zurich and Basel, Switzerland. In this episode, we dive into compliance in the banking and financial services space. There are three distinct topic areas in today's episode. First, Kai provides a big-picture perspective on the state of compliance in banking and financial services today and current workflows that could be leveled up. Secondly, he discusses specific use-cases and describes areas where he sees data ‘wake up' in terms of its value for keeping firms in line with regulatory standards. Lastly, Kai shares some business advice for enterprise leaders and speaks about what business leaders should know before adopting artificial intelligence in a financial services organization. This episode is part of a series sponsored by Smarsh. In this series, we're focusing on bringing on global experts in compliance to get varied perspectives on where AI and data are adding value today.

Joost van Houten, Chief Executive Officer, SentinelsFenergo, which supplies digital KYC and CLM solutions recently acquired transaction monitoring platform Sentinels, which aims to streamline AML and transaction monitoring workflows for financial institutions, with the aim of increasing fraud protection and reducing false positives. Robin Amlôt of IBS intelligence speaks to Joost van Houten, CEO of Sentinels about how smart transaction monitoring can relieve the compliance burden and the need to aggregate historical transaction data across multiple financial institutions. 

Developing a global perspective and language skills began at an early age for our guest, Lizette Robinson, who has combined her financial services and emerging tech background with her regulatory compliance and cross-border market experiences to work on a global scale for most of her career. In this episode, she delves into the topic of ethics and how it goes beyond just compliance and into respect, service and integrity – or a code of conduct – and the important role that technology plays. She also emphasizes the importance of diversity and inclusion as a natural means for everyone to incorporate ESG into their careers, and advises workers not to underestimate the value of in-person networking. About Our Guest Lizette Robinson is a senior director for Walmart's Global Ethics and Compliance team. As such, she heads up the global Transaction Monitoring, Financial Intelligence Unit and Advanced Analytics for Financial Compliance. Lizette is a multilingual international business executive (she speaks English, French, Portuguese and Spanish) who has worked for some of the world's biggest corporations, including EY, PWC and Citibank, and throughout Latin America and Asia. She is also an angel investor and advises venture capital funds on emerging technology. About the Global Careers Podcast Series This podcast presents inspiring stories from seasoned professionals who have embraced a global role and reaped the benefits. We offer practical advice and insider tips across a broad swath of industries and fields around the world about what it is like to work globally. If you love adventure and thrive on taking risks and operating outside your comfort zone, join us as we explore the ins and outs of pursuing an international career! About GW-CIBER The George Washington University Center for International Business Education and Research (GW-CIBER) promotes the nation's capacity for international understanding and economic enterprise related to the theme of Institutions, Inclusive Globalization and U.S. Competitiveness.

Carol Houle, SVP, Global Head of Financial Services & Insurance, Atos; Olaf Badstuebner, Risk & Compliance Partner, AtosSome 2%-5% of global GDP is estimated to be laundered annually – ‘a clear and present threat' to the financial system according to EU Commissioner for Financial Services Mairead McGuinness. What is the role of emerging digital technologies in combatting fraud and financial crime, a traditionally resource-intensive and costly endeavour for banks and financial institutions? Robin Amlôt of IBS Intelligence speaks to Carol Houle, SVP, Global Head of Financial Services & Insurance (pictured) and Olaf Badstuebner, Risk & Compliance Partner, Atos, about improving both the regulatory and industry approach to tackling financial crime.

Yaron Hazan, VP Regulatory Affairs, ThetarayForced labour is said to generate $150 billion in profits every year. However, artificial intelligence-based monitoring can spot the money laundering schemes that many human traffickers rely on. Implementing such a system would allow banks to proactively stop illicit profits from getting through and alert authorities to suspicious activity. Robin Amlôt of IBS Intelligence speaks to Yaron Hazan, VP Regulatory Affairs at Thetaray about what banks can and should be doing.

The current and future state of suspicious activity monitoring and reporting is being transformed by technology and the use of data, analytics and robotics. In this episode, Mark Highton – Managing Director leading Protiviti's Financial Crimes Consulting practice, interviews Vishal Ranjane – Head of Global AML Strategies, Solutions and Transformation at TD Bank, and Seth Twery – VP of Client Engagement at Tookitaki. Mark, Vishal and Seth consider the journey to the “Holy Grail” and what and how the current financial crime operating models will change to meet this goal. Listen to this podcast to learn about the steps organizations must take to transform their transaction monitoring processes, the consequences of not transforming and what is needed for the future to bring us closer to “the holy grail.”To learn more about Protiviti's Risk Transformation services, visit us at www.protiviti.com/US-en/risk-compliance/risk-transformation. Transcriptions of Powerful Insights are available upon request from kevin.donahue@protiviti.com.

Kevin Sullivan, CAMS, CCI spent 21 years with the New York State Police, where he saw the correlation between crime and money laundering on his first detail in undercover narcotics. He followed the money moving to a major crimes unit which led to an assignment with the FBI led Hudson Valley White Collar Crimes Task Force. For his last 9 years with the State Police Kevin was assigned to the New York HIFCA (High Intensity Financial Crimes Area) of the ICE led El Dorado Task Force in Manhattan, where he was the NY State Money Laundering Investigations Coordinator. This is one of the largest AML task forces in the world consisting of members from the FBI, ICE, US Secret Service, DEA, Postal Inspectors, NYPD, NYSP, Manhattan DA and US Attorney. High profile organised crime and terrorist financing were the usual case load. It was here that Kevin became a lead instructor for ICE's Operation Cornerstone providing a liaison between private financial institutions and law enforcement. Kevin's education and certification includes a masters degree in Financial Crimes Compliance Management from Utica College of Syracuse University, a Micro-MBA from the University of Buffalo, Leadership Program from Cornell University, Certified Anti-Money Laundering Specialist (CAMS), Certified Anti-Money Laundering Professional (AMLP), Certified Cybercrime Currency Investigator (CCI). Kevin was the founding co-chair of the NY chapter of ACAMS. He also helped develop and teaches the CAMS exam prep course, Train the Trainer course, and numerous other ACAMS courses including Transaction Monitoring, SARs, Fraud, Know Your Customer, Risk Management and Investigations. Join our CEO, Ian Henderson as he finds out from Kevin: How he describes the state of AML compliance today at the majority of organizations he works with How he has seen AML compliance training evolve over the past 5 years What he most commonly sees organisations get wrong about AML compliance What's the future of financial crime going to look like What three pieces of advice he has for professionals working at banks to prevent money laundering?

Eric Sohn joins Marie and Sam to talk about some recent decisions and fines imposed by the US sanctions regulator, OFAC, and their possible implications for firms and how they conduct sanction KYC and screening. This is a must listen to episode as Eric and Marie share their practical advice the different ways professionals can approach their list management practices, how they conduct sanctions KYC and what it means to take a risk-based approach. 

RegTech is one of the more predictable targets of the FinTechs. The sheer volume of additional regulation imposed on the financial services industry after the financial crisis of 2007-08 demanded automation. Not just to contain the costs of data collection and reporting but to mitigate the risk of compliance failures leading to fines and reputational damage as well.By 2018, a decade after the acute phase of the crisis, 11 major global banks alone had paid US$216 billion in fines for various breaches and misdemeanours. The banking industry as a whole had paid more than US$345 billion by then, according to Deloitte. No wonder Deloitte also found that compliance expenditure by banks had risen by 60 per cent since the financial crisis, and was still rising.Regulations are not static, of course. Deloitte reports an average of 220 regulatory revisions a day, so keeping up with the changes alone is an onerous task for regulated firms, especially if they are operating in multiple jurisdictions, each with its different rules.In reality, old-fashioned software-as-a-service (SaaS) from the Cloud plus application programme interfaces (APIs) to facilitate data exchanges have proved equally effective as enablers of regulatory automation. They can, for example, populate a regulatory report for checking prior to delivery to a trade repository.RegTech is maturing. It is finding useful applications and starting to consolidate. Yet it continues to resist tidy definition. Deloitte divides a current total of 412 RegTech firms it monitors into five high level categories – Compliance, Risk Management, Identity Management and Control, Regulatory Reporting and Transaction Monitoring – which help to make sense of a broad range of activities. Hosted on Acast. See acast.com/privacy for more information.

Your "Innovation and Tech Zoom In" leads us to the world of financial crime! "Anti-Money Laundering and Fraud" is the topic that Francesca Aliverti moderates this week, while discussing the accelerated processes in place for better protection & prevention of institutions and users, while in the digital leapfrog that the current pandemic demands most of the population to go through. Join Sjoerd Slot (Fraud Dynamics) and Andrea Danielli (Mopso & Amlet) in this discussion. More about our guests:Sjoerd Slot (Co-founder & Product, Fraud Dynamics)Sjoerd was a former lead consultant Financial Crime at Capco and Capgemini. When he realized his clients needed to speed up their game in keeping up with criminals and all innovation in banking. So he set out to develop a solution that got clients ahead of the game in Transaction Monitoring. Fraud Dynamics translates deep domain expertise in automated machine learning models to power existing transaction monitoring environments. The key in the approach is that the detection models are based on good client behavior rather than on yesterday's criminal patterns. Thereby catching significantly more suspicious transactions against a lot less false positives.Linkedln: https://www.linkedin.com/in/sjoerdslot/Fraud Dynamics: https://www.frauddynamics.com/ Andrea Danielli (Founder and CEO Mopso Srl & Amlet)Andrea Danielli is the founder and CEO of Mopso Srl, an Italian regtech startup that aims at improving AML processes and controls. He spent 10 years at the Bank of Italy, developing experience of AML issues during on-site and off-site inspections. In his residual spare time, he loves to write about innovation and he's an active member of the Copernicani association.Linkedln: https://www.linkedin.com/in/andrea-danielli/Amlet: https://amlet.eu/en/

In Part 3 of this series, Sam and Marie discuss the concerns that EU AML regulators continue to have around crowdfunding platforms - both as customers of financial institutions and as businesses in their own right.  They also consider the EBA's assessment of fraud and related financial crime risks that have arisen in 2020 during the COVID pandemic - what should firms have been doing to mitigate those risks? What should regulators have been doing to keep supervising, despite lockdowns 1 -2 and now 3.  And despite requiring Business Continuity Programs, could regulators have done more to ensure that firms were "risk ready" and able to adapt to the new normal in which we're currently working? 

Continuing with a detailed review of the European Banking Authority's Opinion on the Financial Crime Risks facing financial services businesses in the EU, Sam and Marie discuss how FinTechs are still considered to pose an elevated financial crime risks in the EU, concerns around the use of remote onboarding and other RegTech and why the terrorist financing risks are not seen to have changed since 2019 and what's needed to address it. Sam and Marie also take a quick peak at what the newly revised Risk Factor Guidelines require when it comes to addressing terrorist financing, and its possible impact on existing financial crime compliance programs.

Robin de Jongh, Managing Director Detecting Financial Crime bij ABN AMRO.  Robin groeide op in Zoetermeer. Na bedrijfseconomie te hebben gestudeerd aan de Erasmus Universiteit in Rotterdam, startte Robin zijn carrière in 1996 bij ABN AMRO.  Later studeerde hij ook nog naast zijn werk Accountancy en werd daarmee Register Accountant wat hij vandaag de dag nog steeds is.  Vanaf 2012 vervulde hij diverse management functies, zoals directeur risico management van de Hypotheken Groep, directeur Processes & Control Retail en is hij sinds 2019 managing director Detecting Financial Crime, waar hij indirect en direct leiding geeft aan 2.700 mensen.  Interessant om specifiek te benoemen vond ik ook zijn eerdere functie van ‘programma manager Know Your Customer (KYC) remediation, Panama Papers en Credit Risk management'.  Sinds 2018 is Robin daarnaast gastdocent Corporate Governance aan de Universiteit van Amsterdam.  Robin is jaar 48 oud, is getrouwd, heeft drie kinderen en woont in Almere.   *** Volg Leaders in Finance via Linkedin.  *** Vraag voor een gast? Stel hem! Meer informatie: luisteraarsvraag.  *** Op de hoogte blijven van Leaders in Finance? Abonneer je dan op de nieuwsbrief.  *** Zou je graag een bepaalde gast willen zien bij Leaders in Finance of ken je iemand die je wil voordragen? Laat het ons weten via gasten@leadersinfinance.nl  ***  Vragen, suggesties of feedback? Graag! Via email: info@leadersinfinance.nl  ***  Als je de Leaders in Finance podcast leuk vindt, zou je dan een review willen achterlaten bijvoorbeeld bij Apple Podcasts? Of ons willen volgen bij Spotify. Veel dank, want sommige mensen gaan alleen luisteren naar deze podcast als ze weten dat er genoeg anderen zijn die het leuk vinden!  ***  Leaders in Finance wordt mede mogelijk gemaakt door Interim Valley, FG Lawyers en Bizcuit. Meer informatie over onze sponsoren is te vinden op onze sponsorpagina.   

In this episode we will explore some projects related to people who want to start their career in compliance or move within the field. People are one of the most important resources for financial institutions. However, to get started in compliance or to shift within the different fields is getting increasingly more difficult. But our guest Ruzaan Karwa knows how to help! Ruzaan manages a team of Anti Money Laundering investigators for the Financial Intelligence Unit at one of the big 5 banks in Canada and has working experience in different compliance fields such as Transaction Monitoring, Enhanced Due Diligence, Correspondent Banking, Name Screening, Corporate Banking, and Sanctions.He is also a Chief Volunteer Mentor for the Visionary Advisory Community. He trains newcomers, students, and foreign professionals via the Canadian Banking Mentorship Program to get their foot in the banking doors. He also is the founder of AML Enthusiasts that provides training sessions for folks seeking AML as a career.During his 12+ years of work experience, he has earned more than 11 awards, with the most recent recognition - AML Professional of the Month award from the Association for Certified Anti-Money Laundering Specialists (ACAMS) in May 2020.He loves to assist job seekers and is always open to having a virtual cup of coffee.Connect with Ruzaan on Linkedin:  https://www.linkedin.com/in/ruzaankarwa/Join LinkedIn group AML Enthusiasts: https://www.linkedin.com/groups/13866081Follow Visionary Advisory Community on https://www.linkedin.com/mwlite/company/visionary-advisory-community

Marie Lundberg and Sam Sheen chat with Francisco Mainez, on his career transition from military intelligence to financial services technology, the role of Data Analytics in a financial institution and how it supports financial crime investigations, moving towards a more effective transaction monitoring methodology by moving from a rules-based approach to one based on machine-learning, whether "one size fits all" approach to transaction monitoring rules works for firms with a global reach, mitigating the potential risks of customer risk profiling that may lead to financial exclusion for some consumers. Francisco also talks about the recent pilot his team is running in using different monitoring scenarios based on the regional financial risks experienced by two different jurisdictions along with that age old problem of data quality and the best way forward and the possible future use of micro-segmentation to align customer risk profiles with their ongoing transaction activity.  

Christopher Ghenne, Global Lead - Banking Compliance Solutions - SAS joins Marie Lundberg and Sam Sheen to chat about how he supervises 600 team members across 50+ countries over the restricted period, the evolution of the SAS transaction monitoring tool and its use of big data, the use of advanced analytics and text mining and analysis of unstructured data for sanctions screening. They also discuss the challenges of sanctions screening and the dance between transaction monitoring and name screening and why text mining makes it move more smoothly across the compliance dance floor. If you have ever wondered how to set up an effective monitoring tool, this is the podcast to listen to!

George Voloshin, Corporate Intelligence and Investigation Specialist, Aperio Intelligence joins Marie Lundberg and Sam Sheen where they look at secondary sanctions, sectoral sanctions imposed on Russia and our Part III on the Swedbank case on the observations made in the Clifford Chance investigation report about transactional activity and sanctions compliance.  Iran, Crimea, Cuba - things that make you go hmm?

ThetaRay - Mark Sully and Yaron Hazan discuss with Marie and Sam the use of unsupervised machine learning and AI to detect patterns of illicit activity, detecting unexpected activity related to terrorist financing, illegal gambling networks and working on the Russian laundromat case.

Sam and Marie speak to Susanna Mills, Lead Anti-Financial Crime Specialist, OP Financial Group about some of Finland's financial crime risks, transaction monitoring technology and the experience of  transitioning to a new agile working model. 

The podcast team review the highlights of the first 18 episodes covering a whole host of financial crime prevention topics and some heart-warming insights from podcast participants. 

Case Study Podcast: It's a Family Affair - The Stratos Sanctions Case 1st case study of our podcast series analyses the tactics used to circumnavigate transaction monitoring tools to allow money to flow from Venezuela to Iran without detection.  Looking at the tricks employed to conceal the true beneficial owners, this case is a great illustration of how sanctions restrictions can still be dodged without the use of stripping data from payment instructions.

Erik Morgan, Managing Director, Global Due Diligence, Royal Bank of Canada I&TS (London. Recorded 25 March 2020)Sam and Marie discuss with Erik the relevance of market activity to transaction monitoring and understanding customer activity, the art of remotely motivating a global team and the importance of keeping alert to unanticipated financial crime risks.

The Swedbank Case - Transaction Monitoring - Thresholds, Scenarios and Customer Activity.  Following the fine imposed on Swedbank in March 2020, hosts Sam & Marie examine the way transaction monitoring technology was calibrated, risk factors used by the tool, and what the Swedish FSA expects of financial institutions when it comes to using automated monitoring systems

Matt McGuire of The AML Shop on Canada's changing AML's laws, BCP planning,criminal minds taking advantage of this current environment, and keeping in touch with your colleagues.  Take advantage of the time to ramp up your knowledge on topics such as crypto-currency.

Words of welcome form Marie and Sam

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