While the automation of many compliance functions is officially encouraged by efforts such as FinCEN’s Innovation Initiative, implementation of AI or machine-learning models can be costly and require regulatory approval. In this session, hear from banks of varying sizes about how – and whether – to automate parts of the pre-investigation, investigation and SAR preparation process. More broadly speaking, how do institutions prioritize which processes use AI or machine learning versus rules-based decision making?

Moderator: 
Tyler Reynolds, CAMS, Executive Director Enterprise Financial Crimes Compliance, BSA/AML Officer, U.S. Bank

Presenters:
Kathleen Finn Bell, CAMS, Director of Machine Learning, AML, BMO Financial Group 

Heather Allen Cody, CAMS, Deputy Director of Financial Crime, Senior Vice President, Truist Financial Corp.

Jacob Denman, CAMS, Risk, Fraud & Compliance Product Manager, Thomson Reuters