Transaction Monitoring: Improve Screening and Reduce False Positives (Audio/Visual CD-Rom)
Robust transaction monitoring is essential to a comprehensive anti-money laundering program. Joined with a strong Know Your Customer program, transaction monitoring enables you to harvest valuable information from huge amounts of data of all kinds. But how can you ensure that your system is performing well, and not churning out baseless alarms? This session will teach you how to optimize your screening so you take full advantage of the information you’re capturing. You will also learn how to refine your monitoring to increase its effectiveness and cut false positives, so that you can protect your institution without disrupting customer relationships needlessly.
Speakers:
Sunil J. Choudhary, CAMS, CISA, CISSP, Principle, enCautus, Bridgewater, NJ.
Sunil is a principal of enCautus, leading its AML practice. Sunil specializes in optimizing automated transaction monitoring for Bank Secrecy Act and anti-money laundering (BSA/AML) compliance. He evaluates internal control structures and data to help identify weaknesses and associated compliance risks. He has experience in risk modeling of customers, accounts, activities and processes and has managed AML monitoring system implementation for banks in jurisdictions in the Americas, EU and Asia. Sunil has worked with banks of all sizes, including two of the World’s largest to small community banks with a handful of branches.
John F. Walsh, Partner and Chief Executive Officer, SightSpan Inc., Mooresville, NC.
Prior to forming SightSpan, Walsh was the Wachovia CIB Data Czar, where he managed data gathering and information sharing initiatives across the investment bank's platform.
Previous to Wachovia, he was the senior vice president of AML technology at Bank of America. He also has held leadership positions at Merrill Lynch and other financial services firms and
spent many years managing broker dealers and trading firms in high risk countries throughout Latin America where he was a trader of FX, fixed income and securities products.
Recorded: March 12, 2008
Return Policy.
CD-ROMs are non-refundable after purchase. Replacement only if CD-ROM is returned.
