POWER HOUR
Mon, 04/08/2024 - 2:40pm-3:30pm

Challenge the Status Quo for AML: Stop Financial Crime and Reduce Costs

Financial crime continues to be a global epidemic with $3.1 trillion in money laundering and illicit flows moving through the global financial system in 2023. To manage, financial institutions increased operational costs and headcounts by 75% in just the past year. Financial institutions are the front-line defense against these growing risks but struggle to keep pace with compliance while managing the costs of their crime-fighting efforts. Join us during our industry panel as we discuss how we can improve the efficiency of AML investigations, solve new AML problems, and help institutions avoid growing costs.

Presenters:
Patrick Dutton, Financial Crimes Strategic Intelligence Director, Financial Crime Risk Management, Wells Fargo

Fouad Hassouneh, Head of AML Product Strategy, Verafin

Bill Heys, Head of AML Product Marketing, Verafin