Future of FinCrime Skills

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For fraudsters, kleptocrats and money launderers of all stripes, the anonymous corporation or legal entity remains the weapon of choice for concealing dirty money. It's not all dubious jurisdictions and shady corporate formation agents, either - countries like the UK and US are highly attractive destinations for dodgy companies. In this session, join one of the world's foremost explorers of shell companies and the illicit schemes behind them. We'll provide insights on how financial criminals abuse corporate entities, how you can use open corporate registries as investigative tools, and key warning signs and red flags for your customer due diligence program.

Despite positive steps to boost awareness and expand training efforts in the financial sector, human trafficking remains an insidious challenge generating $150 billion in illicit proceeds annually. It’s clear that generalized training on human trafficking and generic red flags is not enough – how can you go deeper to understand how human trafficking organizations operate and how to counter them?

This session will go beyond rules, regulations and red flags to detail what criminal groups are actually doing to generate and launder money – and what you can do as a compliance professional to stop them and be perceived as a true ally of law enforcement generating useful and timely intelligence.

The saying, “We don’t know what we don’t know”, couldn’t ring truer for Compliance professionals. Criminals are becoming smarter by the hour in detection evasion and the average customer is left paying the bill for these actors. This session will address how compliance professionals can better detect and understand what they may be missing within their alert rules.

The marriage of technology and money has created multiple products that have made our lives easier. No longer do we need to stand in line at banking centers to deposit a check. No longer do we need to figure out how much cash to pull from the ATM when splitting the restaurant check with friends. Technology can also make our investigations easier too. When making financial transactions online, cyber security professionals teach us that we leave “breadcrumbs” or “digital prints” we can follow. For instance, you can see someone logging into the mobile banking app from New York, but ATM transactions are showing up in CA the same day. This panel discussion will explain how to obtain geolocation data within your investigation and when analyzed correctly, how it could change the entire course of your investigation.

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As regulations and tactics to prevent financial crime change, so do the tactics and techniques that financial criminals use. The cycle of financial crime and financial crime prevention often occurs in tandem.

In the words of Sun Tzu, "If you know the enemy and know yourself in a hundred battles you will never be in peril."  

Join us and put yourself in the shoes of a financial criminal. Channel this devious mindset to help get ahead of the next iteration of processes and exploits of financial criminals and better protect your institution and communities in the continuous battle of financial crime prevention.

Producing high-quality intelligence for law enforcement is at the heart of a good compliance program, yet SAR/STR filing is still something that many institutions, and financial crime professionals, have struggled with at one time or another. Reporting is essential, but that doesn't mean that it's easy. On this session, experts from the public and private sectors give you the ingredients of a successful SAR/STR, as well as advice on how to build a successful reporting program. We may be focused on fundamentals, but that doesn't mean this is a "SAR 101" session. Instead, we're giving you practical, repeatable guidance and steps you can use to boost the value of your SAR/STR filings.

Ransomware, account takeover, pig butchering… the list of trending cyber financial crime schemes is lengthy and growing longer, yet investigating and reporting on cybercrime still remains challenging for many financial crime professionals. Many have a nexus to cryptocurrencies, creating unique wrinkles and considerations when working cases and crafting SARs/STRs. Is your expertise and reporting program keeping pace with the brave new world of cybercrime? On this session, hear guidance and advice from an IRS-CI agent with extensive experience investigating crypto-crime, hacking, sanctions evasion and more. Hear his perspective and get insights on how to capture useful data for cybercrime SARs/STRs, elements of an effective narrative, and much more.

The saying, “We don’t know what we don’t know”, couldn’t ring truer for Compliance professionals. Criminals are becoming smarter by the hour in detection evasion and the average customer is left paying the bill for these actors. This session will address how compliance professionals can better detect and understand what they may be missing within their alert rules.

Efforts to cut off sanctions evaders and kleptocrat assets moving through the global financial system have been super-charged over the past year. Law enforcement agencies worldwide have been busy freezing assets and indicting enablers, but financial institutions also have a critical role in transaction monitoring, investigations, and of course suspicious activity reporting. In this session, hear from the Deputy Director of Trask Force KleptoCapture, a DOJ initiative working with global partners to counter kleptocrats and others who abuse the financial system to evade sanctions. Hear perspectives on the value of SARs in the fight against corruption and sanctions. Tips on effective narratives and filing practices related to SARs/STRs tied to sanctions evasion, kleptocracy, and more. Hear perspectives on the value of SARs in the fight against corruption and sanctions, tips on effective narratives and filing practices related to SARs/STRs tied to sanctions evasion, kleptocracy, and more.

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In this session, one non-profit organization details their tireless work against Human Trafficking, highlighting individuals who have suffered the lasting effects of this crime.

As financial crime detection within organizations evolves, compliance professionals must adopt new approaches and skills. Automating processes is quickly shifting from a “nice to have” to a “need to have.” Risk detection teams need to go beyond satisfying regulatory requirements and focus on difficult-to-see high-risk indicators to carry out more effective due diligence and investigations. Join us as we discuss how to efficiently use new forms of information and technology to break down silos within your organization and stop bad actors.

Practice makes perfect… so join us for a live review of SAR narratives and apply what you've learned throughout the day! On this interactive session, a panel of guest experts will be reviewing mock SAR narratives submitted by the audience, based on example cases and fact patterns. Submit your own sample SAR for consideration, join in the dialogue as experts point out strengths and weaknesses, and win prizes along the way!

The House Always Wins? The State of Play in Casino and Gaming AML ComplianceNetworking and Discussion

Sometimes, failure can teach us more than success. In that spirit, this session looks at what can go wrong in SAR/STR filing to glean lessons and key takeaways for better results. We'll focus both on common mistakes and challenges in writing reports, and on weak points and issues in reporting programs. Bring your own stories, anecdotes and lessons learned for this free-flowing and energetic conversation to close the day!

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Job cuts, AKA layoffs, have dominated the headlines these last few months. Whether you’re facing a layoff, recently experienced it firsthand, or you have been miraculously spared from it (this time), we should all stay current on the skills needed to either land a new job, or advance in our current. This session will discuss three skills observed by our panelists that have helped people succeed in the fincrime compliance industry.

LexisNexis® Risk Solutions recently issued The True Cost of Financial Crime Compliance report, which found that nearly 6 out of 10 (57%) of all North American firms say they need more skilled compliance professionals to address their lack of FinCrime operations scale. But hiring additional staff in this area is neither a realistic nor cost-effective plan.

Additionally, the time and resources that banks spend on false positive alerts take their toll on employees and the bank’s bottom line. Rules-based sanctions and AML screening software generates many sanctions alerts, and, unfortunately, 99% of those alerts are false positives. Still, each alert must be reviewed in order to discover the small percentage that are true positives and pose a risk to the organization. Despite increasing regulatory scrutiny and sanctions risk exposure, many FIs are still using outdated technologies and inefficient manual processes that result in inaccurate sanctions screening results and employee burnout.

Join this session to hear how banks are leveraging AI and technology to solve staffing challenges and free up existing employees to focus on the higher-value work.

Many organizations like to establish a set of requirements that dictate how technology can drive added value to their investigative processes. At the same time, many technologies either lack flexibility or offer adaptability at a cost.

Join us for a thought-provoking discussion about what some of those common requirements are, how to prioritize them, and how to optimize technology and resources to account for the ever-changing landscape for those within the compliance function.

The saying, “We don’t know what we don’t know”, couldn’t ring truer for Compliance professionals. Criminals are becoming smarter by the hour in detection evasion and the average customer is left paying the bill for these actors. This session will address how compliance professionals can better detect and understand what they may be missing within their alert rules.

In compliance, as in most careers, it is not always what you know, but who you know. But how can you get to know a lot of people, increasing your chances of getting in front of hiring managers, recruiters and target companies, without resorting to random and often fruitless resume blasts?

This session will help you better master getting to know people, and having people know you. We will also hear about some of the creative ways social savvy compliance professionals are creating and delivering content, the dos and don’ts of networking virtually and much more.

In a constantly evolving landscape, financial crime prevention professionals are always looking for ways to stay ahead of the curve and the more we know the better we can do. Join us for top tips and tricks to stay in the know, continue both personal and career growth, and take aways that you'll be able to use the next time you sit down (or stand) at your desk.

What if you could peer into the future and discover what fincrime careers will look like in the coming years? How would that impact your planning for your career, organization and compliance program? That's exactly what we'll try to do in this session, bringing together experts from diverse backgrounds to look ahead and give their predictions on what's to come in the world of financial crime jobs, including hiring trends, skills in demand, and more. We can't promise we'll get everything right (prophesy is a notoriously fraught business) but we'll do our best to engage, entertain and get you thinking about how to prepare for the future now.

The House Always Wins? The State of Play in Casino and Gaming AML ComplianceNetworking and Discussion

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