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, CAMS

  • 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

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