Leveraging Analytics to Identify Concealed Beneficial Owners and Fortify AML

Sponsored by

Fiserv
  • When: June 30, 2016
  • Time: 12:00 PM – 1:00 PM ET
  • Level: All

Identifying beneficial ownership and complex corporate structures is a complex process which all institutions must address to remain compliant with regulations and manage the risk of dealing with potential financial criminals and sanctioned entities.

In a world of increasing regulatory requirements and increasing globalization of relationships, and as governments around the world react to the growing global controversy surrounding financial transparency from incidents such as the recent Panama Papers compromise, the question is, what can financial institutions do to stay ahead?

In this webinar we will explore how leveraging analytics can help financial institutions map complex organization structures to lift the veil and uncover hidden relationships in beneficial ownership.

Learning Objectives

  • Protecting your reputational risk with data analytics, flexible risk management tools, improved link analysis, beneficial ownership tools and automated management and regulatory reporting
  • Formulating robust ongoing strategies for customer onboarding, due diligence and watch list filtering – reinforcing the moral imperative to protect your company and your customers
  • Applying AML best practices that ensure you meet your compliance obligations without being penalized

Who Should Attend

  • Compliance Personnel
  • Technology Officers
  • Industry Consultants

Who Should Attend

  • Banking
  • Technology
  • Regulatory Agencies

Speaker

Andrew Davies
  • Andrew Davies

  • Vice President, Global Market Strategy, Financial Crime Risk Management
  • Fiserv

Bio

Andrew Davies is vice president of global market strategy for the Financial Crime Risk Management business line at Fiserv. In this role, he works with Fiserv customers around the world to design and deploy effective risk management solutions to mitigate financial crime risks with particular focus on compliance, money laundering and fraud. He is also responsible for seeking new markets and applications for the company’s financial crime detection and prevention solutions.

Davies joined Fiserv in 2007 through the acquisition of NetEconomy. He has worked in the software industry for more than 20 years supporting many of the world’s largest financial institutions, both private and public. Davies’ experience covers real-time payments, front-office trading, risk mitigation of financial crime risk, settlement risk and more.

Davies previously worked for Logica and Nomura, the Japanese bank, in London prior to moving to the U.S. He worked on many diverse programs including secure U.K. government projects, distribution systems, trading systems, derivatives pricing projects, and SWIFT connectivity for payment systems. Since moving to the U.S., he has concentrated on financial crime detection systems and has worked with a variety of institutions to deploy such systems including the Federal Reserve Bank of New York, the Continuous Linked Settlement Bank, ABN AMRO, Manulife Financial, RBS Citizens Bank, Deutsche Bank and the Bank of Tokyo-Mitsubishi.

Davies studied pure mathematics and computer science at the University of Wales. He is a Certified Anti-Money Laundering Specialist and has worked with customers in the Americas, Europe and Asia. He is a respected industry speaker and author having presented at SIBOS and ABA events and has contributed to articles in the American Banker and Credit Union Journal, among other publications


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