The impact of COVID-19 is real and banks, regulators and industry at large are discussing an increase in financial crime due to market disruptions, reduced staff, remote work and other factors. In an industry that already struggles with more than 95% false positives, the effect of the pandemic can further deteriorate the productivity of the existing AML systems resulting in the potential for massive alert backlogs. The crisis may also introduce newer means and methods for criminals to launder money such as setting up fake charities or crowd funding accounts.
Join as we discuss trends in Canada and around the world and learn how Analytics can help you control and react to these new realities while taking costs out of their AML compliance operations.
1 ACAMS Credit **Please note that ACAMS credit for this virtual event is available to members of the Chapter only.