Bolstering Defenses Against Risks of Innovative Payment Systems

  • When: May 12, 2020
  • Time: 12PM-2PM EDT.
  • Level: All

*This event was originally scheduled for April 8, 2020, but has been moved to a new date & time.

The fintech revolution is rapidly reshaping payment systems across the financial services industry. Yet, along with benefits such as lower costs, greater speed and enhanced inclusion, evolving payments systems are bringing new financial crime risks such as identity theft, fraud and new tools for laundering illicit proceeds. Anti-financial crime (AFC) specialists must stay updated on the latest developments in alternative payments systems in order to manage their unique risks and protect their institutions and customers. This comprehensive webinar will review the latest developments in payments systems and provide applicable insights for mitigating their risks.

Learning Objectives

  • Adapting onboarding and KYC/CDD protocols such as digital identity verification to strengthen oversight of AFC risks tied to mobile-, and app-based payment systems
  • Updating training and monitoring systems to strengthen detection and resolution of red flags such as unusual cryptocurrency transactions or conversions
  • Analyzing alternative payment systems’ fraud typologies to mitigate risks such as those tied to synthetic identities, identity theft and prepaid card schemes

Who Should Attend

  • BSA/AFC Personnel
  • IT/AI Specialists
  • Industry Consultants
  • Fintech Providers
  • Onboarding Personnel
  • Vendors

Region/Industry

  • Global
  • Banking
  • Payment Processors
  • MSBs

Sponsor

FiServ

Pricing

ACAMS Members Non-Members
$245 $445
Register Now Join ACAMS

Moderator

Liat Shetret
  • Liat Shetret

  • Senior Advisor – Crypto Policy & Regulation
  • Elliptic

Bio

Liat Shetret is a Senior Advisor for Crypto-Policy and Regulation at Elliptic and an international strategic adviser for security and financial integrity and inclusion. For more than 15 years, she has led global capacity-building and technical assistance programs on anti–money laundering (AML), countering the financing of terrorism (CFT), financial inclusion, and countering violent extremism. She has formerly worked at the Egmont Group of Financial Intelligence Units, Citigroup Bank, the Global Center on Cooperative Security, and the U.S. House of Representatives Committee for Homeland Security. She has extensive experience implementing capacity-building assistance programs particularly in emerging markets and developing countries across Africa, the Americas, Europe, and the Middle East. Liat holds a Master of International Affairs degree from Columbia University’s School of International and Public Affairs (SIPA)and a BA in political science and psychology from the University of Illinois. She is also a Certified Anti-Money Laundering Specialist (CAMS).

Speakers

  • John Beccia

  • Co-Founder and CEO
  • FS Vector LLC

Bio

John Beccia is Co-Founder and CEO of FS Vector, a Washington DC-based advisory firm which provides a broad range of solutions for financial services, fintech and cyrptocurrency firms. FS Vector assists clients with government/regulatory strategy and with the implementation of compliance programs and regtech tools.

He was previously General Counsel and Chief Compliance Officer of Circle Internet Financial, Inc., a global crypto finance company that is seeking to help change the global economy. Prior to Circle, Mr. Beccia served as Senior Vice President and Deputy General Counsel for Boston Private Financial Holdings, Inc., a publicly traded bank holding company. He was also Assistant General Counsel for Investors Bank & Trust Company and Chief Regulatory Counsel and Research Director for The Financial Services Roundtable where he was responsible for all regulatory affairs and assisted with legislative efforts for the trade association.

Mr. Beccia has served as Chairman of the In-House Counsel Subcommittee of the American Bar Association’s (ABA) Banking Law Committee and is currently an Adjunct Professor of Boston University School of Law. Mr. Beccia has a Bachelor of Arts degree in Political Science from Providence College, a J.D. from Roger Williams University School of Law, and a LLM in Banking and Financial Law from Boston University School of Law.


Mia Lee
  • Mia Lee

  • Deputy General Manager / Compliance & BSA Officer
  • Woori Bank

Bio

Mia has worked in the banking and financial services industry since 1989, and began focusing on BSA/AML in 2002. She is currently the Compliance & BSA Officer for the Los Angeles Branch of Woori Bank, South Korea’s largest bank. Her knowledge and experience was gained during her tenures as the BSA/AML Officer at various banks in the Los Angeles area, as wells as consulting for various financial institutions, including banks, MSBs, and casinos, as they worked to strengthen their BSA/AML programs.


Surendra Reddy
  • Surendra Reddy

  • CEO
  • Quantiply Corporation