AI is the Future, but is it Worth the Cost Today?
Featured Speakers :
Paul R. Achman is the BSA/AML/OFAC/Fraud Officer at TCF National Bank, and is based in Minneapolis, MN. He has had various roles during the past twenty years that have culminated his current position. In his role at TCF National Bank Paul oversees the customer due diligence, currency transaction reporting, enhanced due diligence, AML investigations, and enterprise fraud functions. His teams are responsible for regulatory screening, including 314(a), OFAC, Senior Foreign Political Figures, and negative news, establishing risk ratings and conducting the respective initial and ongoing enhance due diligence and transaction monitoring, and the investigation and filing of Suspicious Activity Reports. Paul is a Certified Member of the Association of Certified Anti-Money Laundering Specialists (ACAMS) and Greater Twin Cities ACAMS executive board member. Paul is a native Minnesotan and is passionate about his family and a dedicated father to his adopted son.
Max Lerner is a Managing Director at State Street, a leading global bank focused in custodial, asset management and advisory, transfer agency, and administrative services based in Boston. In his role, Max serves as the Global Head of Sanctions Compliance as well as the Global Head of Anti-Bribery & Corruption Compliance. Max is accountable for the design, management, and execution of State Street’s global sanctions and anti-bribery and corruption programs, including the sanctions-related screening systems, policy and business unit advisory functions, regulatory engagement and remediation activities, and personnel management of teams based across the globe.
Prior to his tenure at State Street, Max served as Legal Regulatory Counsel at Standard Chartered Bank, a major global bank focused on retail, trade finance, commercial, and correspondent banking, based at its New York office. Max’s practice focused on AML & sanctions advisory, dispute resolution management, and regulatory engagement, investigations, and remediation.
Max also currently serves as Chair of the Association of Global Custodians’ AML & Sanctions Committee.
Sujata Dasgupta is the Global Head of Financial Crimes Compliance Advisory at Tata Consultancy Services Ltd. and is based out of Stockholm, Sweden. She has over 20 years of experience, working extensively in the areas of KYC, Sanctions, AML and Fraud across banking operations, IT services and consulting. She has had a rich global exposure through her work with premier banks in several major financial hubs, viz. New York, London, Singapore, Hong Kong, Frankfurt and Nordics. She is an industry thought leader, authors articles on financial crimes compliance, and is regularly interviewed by reputed international journals for her analysis and opinions on contemporary topics in this area.
John O’Neill is currently SVP, US and Canada, at Silent Eight. John received a Ph.D. in Chemical Engineering from the University of Illinois, modeling big data sets on supercomputers. He’s worked in the tech industry in Chicago for the last 25 years, primarily in the field of machine learning and Artificial Intelligence. His first novel, The Robots of Gotham, was released in 2017 by Houghton Mifflin under the name Todd McAulty.
Vishal Gossain is currently the vice president of global risk management responsible for all Anti Money Laundering (AML) models across all asset classes (retail, wholesale, wealth management and global markets) globally for Scotiabank. Leading a team of 113 data scientists and data engineers, Vishal is leading the AML remediation efforts for Scotiabank from a modeling and analytics perspective. Vishal has held previous senior retail modeling, risk management, business strategy, P&L management and finance positions in Latin America and North America. Some of them include Head of Retail Models and Analytics in Scotiabank, Head of credit risk for HSBC in Latin America (Mexico, Brazil, Argentina, Uruguay), Head of credit risk for Capital One Canada and several other risk/business management positions in HSBC USA and consulting firms.
Vishal holds an undergraduate degree in engineering from Indian Institute of Technology (IIT) Kharagpur and has completed his post-graduation in engineering from University of Texas at Austin.
Complimentary webinar, presented by Silent Eight
Although AI has existed for decades, it’s a technology still rife with misconceptions, particularly when it comes to AML and Compliance. For all of us in Financial Crime the topic of Artificial Intelligence — both its potential to unleash change, and its real-world applications — is no longer new.
With major institutions like Standard Chartered and HSBC now relying on AI as the core of their Alert Resolution, it’s becoming even more clear that AI is the future. But that doesn’t mean legitimate concerns such as cost, transparency, and oversight have been fully addressed.
Join us Tuesday, March 30, 2021 at 1pm EST to hear global banking leaders discuss the industry-changing power of AI and more in a lively webinar moderated by renowned Financial Crimes Compliance expert Sujata Dasgupta of Tata Consultancy Services Ltd, recently named Waters Technology’s Risk Professional of the year 2021.
In this webinar you will learn:
- What should BSA and AML teams expect from today’s AI?
- When is the right time for a bank to consider AI?
- Do modern AIs have adequate Oversight & Controls?
- Can AI be suitable for AML?
- Where does AI fall short today?