The AML Act of 2020: When Effectiveness Meets Efficiency
Featured Speakers :
Chris Siddons is responsible for leading LexisNexis Risk Solutions marketplace strategy in the financial crime compliance space for CDD utilities and the firm’s professional services offerings.
He has more than 20 years of experience in the financial crime compliance sector, with particular expertise in BSA/AML/OFAC compliance and other risk regulations. He worked for global banks and consultancies prior to joining LexisNexis Risk Solutions.
Clients appreciate and rely on his deep experience in global financial services, including all aspects of finance and operations management. He has demonstrated success developing and executing strategies to build and remediate BSA/AML and OFAC compliance programs subject to strict regulatory timelines.
Topics of interest include:
· How the power of big data technology power AML Programs of the future
· Regulatory expectations and model risk management in AML and Sanctions programs
He received his undergraduate BBA degree from the University of Texas at Arlington with a specialization in accounting.
Daniel Polar is responsible for defining strategies in the United States and Canada that deliver innovative compliance technology combined with comprehensive financial intelligence that enable financial institutions and corporate clients to efficiently and effectively comply with relevant governmental regulations.
He maximizes the company’s core capabilities including vast data assets in both the physical and digital realms. By leveraging industry-leading big data technology, the solutions are designed and implemented to uncover hidden and indirect risks in customer portfolios. This information is used to streamline and automate customer acquisition and monitoring functions based on a holistic view of each customer record.
Prior to joining LexisNexis® Risk Solutions in 2005, Daniel worked in the banking industry and focused on commercial and consumer underwriting, compliance, and fraud prevention with an emphasis on BSA/AML Compliance.
Joe Cataldo is a Managing Partner at Sionic with over 20 years of experience as an engagement and delivery manager, initiating and managing anti money-laundering, regulatory and compliance projects. Joe helps clients tailor, implement and remediate anti money-laundering solutions for their know your customer and customer identification programs, customer due diligence, enhanced due diligence, sanctions screening, trade surveillance and suspicious activity transaction monitoring.
Before joining Sionic, he served as head of professional services for Actimize Europe, as well as adjunct professor at Baruch College. Joe holds both a BSc in Electrical Engineering and an MBA from the Wharton School of Business.
Biswajit (Bishi) Nayak is a Director at Sionic with over 18 years of experience working for and with premier financial institutions. Bishi drives strategic initiatives focused on Enterprise Risk Management, Anti-Money Laundering (“AML”), and Operational Risks. He is a Certified Anti Money Laundering Specialist (“CAMS”) and currently engaged in advisory roles with clients in the risk and compliance areas.
In his prior role, Bishi was a Senior Vice President/Senior Compliance Officer at Citibank leading a number of risk and compliance related initiatives focused on the banks’ regulatory matters such as MRA’s and MRIA’s.
Throughout his career, Bishi has led teams in developing new business controls, defining Key Risk Indicators (“KRI”), establishing standardization and consistency, developing policy/procedures and process improvements. etc. He has worked with senior management including at the board level for strategy/roadmap presentations, defining and building frameworks, introducing industry best practices for addressing regulatory concerns and driving strategic vision.
Complimentary webinar, presented by LexisNexis® Risk Solutions
The Anti-Money Laundering Act of 2020 (AMLA) is the most important significant reform to the U.S. anti-money laundering (AML) laws since the USA Patriot Act. This expansive new law has overarching impacts on nearly every aspect of your financial crime compliance program.
Please join industry experts in a lively discussion about the shift in focus on “effectiveness” of the U.S. AML regime. This informative webinar will focus on:
- What is “Effectiveness”?
- Risk-Based Programs
- Assures and monitors compliance
- Provides information with high degree of usefulness
- Alignment to National AML Priorities
- Risk-Based Resource Allocations