Contextual Decision Intelligence: Raising the Bar of AML Detection and Investigations
Featured Speakers :
Alexon Bell is chief product officer at Quantexa. Bell is an anti-money-laundering practitioner with over 20 years of experience helping financial institutions with AML strategies, architectures and implementations. As head of AML solutions at Quantexa, he works closely with clients to build, deploy and optimize AML systems across numerous areas, including trade and correspondent bank, to reduce cost and risk.
Charles (Chuck) Subrt is a senior analyst for Aite Group’s Fraud & AML practice and covers anti-money laundering and compliance issues. Mr. Subrt brings to Aite Group 20 years of legal and compliance experience and a deep expertise advising business leaders, driving change, and establishing strong, self-sustaining AML and financial crime compliance and risk management programs at a global financial services company. For the past 10 years, Mr. Subrt led multiple compliance functions for Sun Life Financial, where he delivered strategic and thought leadership as well as instilled vibrant risk management practices. During his seven-year tenure as the chief AML officer, he elevated Sun Life’s global AML frameworks and systems to industry best practices and introduced significant process improvements. Orchestrating numerous AML system transformation and integration projects, Mr. Subrt successfully leveraged technology and innovation to advance risk mitigation and promote more efficient day-to-day business activities.
Nishanth Nottath is a senior Financial Crime Risk management professional more than 20 years overall experience covering Audit, Forensic Consulting, Manufacturing and Service industries, building and leading global and regional teams delivering risk-mitigated outcomes, setting strategy, managing regulatory relations, developing and steering multi-year remediation programs with focus on leveraging technologies covering all lines of businesses and product classes.
At HSBC Bank Middle East, he is the Global Risk Steward for Monitoring capabilities across the group covering TM and Fraud, and has built a team of global and regional team covering Americas, Latin America, Europe, Middle East / Africa and Asia Pacific delivering FCC Monitoring (TM and Fraud Monitoring) risk stewardship capabilities since 2016, supporting Compliance CIO, CDO, Research & Analytics, Operations and Investigation teams (c.4500 staff). Prior to this role, he headed a regional team of 40+ staff covering AML Policy, Governance, Projects and Investigations in the MENA and Turkey region. Passionate about technology in the AML space, he is a keen observer of DLT, network analytics, entity consolidation and its potential in fighting financial crime sustainably and improving the efficiency and effectiveness of TM programmes. Experience in AML, Sanctions, Governance, Surveillance operations, Regulatory relationship (including US, UK, Middle East and Monitors), people, project and cost-centre management / oversight.
Prior to joining HSBC, he led regional teams at Standard Chartered Bank performing Transaction surveillance operations covering 24 countries in Middle East, Pakistan and Africa and developed Financial Crime Analytics capabilities globally.
Complimentary webinar, courtesy of Quantexa and ACFCS
2019 witnessed an estimated $10 billion in AML fines. Many enforcement actions cite ineffective risk-based frameworks, insufficient monitoring systems and suspicious activity reviews, and inadequate resources. These control gaps accentuate the pressure on financial institutions to leverage innovation to enhance their Know Your Customer and customer due diligence processes, surveillance systems, and alert investigation practices.
The time to act is now. Today’s technologies offer financial institutions ground-breaking ways to embed automated intelligence into their AML compliance programs to support regulatory compliance and establish more effective and efficient risk management.
In this webinar, leaders from Quantexa, Aite Group, and HSBC will explore next generation AML technology and how organizations can transition away from manual processes and legacy, rules-based systems and embed more risk-based automated and contextual intelligence solutions. Join our panel of experts and learn more about:
- How to unlock the potential within large volumes of data and build holistic party views and networks of relationships through contextual decision intelligence
- How contextual monitoring can drive more sophisticated and risk-based approaches to financial crime surveillance
- How HSBC deployed contextual monitoring to better address the trade based money laundering risks in its organization and the dramatic results it has seen so far