How to Implement Technology to Effectively Manage Money Laundering Risk – A Practical Perspective

  • When: March 26, 2020
  • Time: 2:00 PM – 3:00 PM ET
  • Level: All

In this session we will discuss the practical steps that you need to follow to implement technology to help you manage money laundering and sanctions risk in a world where:

  • Money moves faster than ever
  • Money laundering typologies morph quicker than ever
  • Predicate crimes for money laundering continue to garner the attention of the regulators
  • Money laundering is front of mind for institutions and consumers of financial services
  • Technology is transforming and needs to be leveraged appropriately
  • Data lineage, veracity, integrity and currency need to be effectively managed to drive effective risk management
  • Expenses need to be closely managed
  • Operational efficiency and the customer experience are paramount and we need to avoid a negative impact on the customer

Key deliverables from this session include a lists of considerations that you need to be aware of when implementing AML technology.

Who Should Attend

  • Compliance Personnel
  • General Counsel
  • Technology Officers
  • Industry Consultants

Region/Industry

  • Financial Institutions
  • Technology
  • Global

Sponsor

FiServ

FiServ

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Speaker

Andrew Davies
  • Andrew Davies

  • Vice President, Global Market Strategy, Financial Crime Risk Management
  • Fiserv

Bio

Andrew Davies is vice president of global market strategy for the Financial Crime Risk Management business line at Fiserv. In this role, he works with Fiserv customers around the world to design and deploy effective risk management solutions to mitigate financial crime risks with particular focus on compliance, money laundering and fraud. He is also responsible for seeking new markets and applications for the company’s financial crime detection and prevention solutions.

Davies joined Fiserv in 2007 through the acquisition of NetEconomy. He has worked in the software industry for more than 20 years supporting many of the world’s largest financial institutions, both private and public. Davies’ experience covers real-time payments, front-office trading, risk mitigation of financial crime risk, settlement risk and more.

Davies previously worked for Logica and Nomura, the Japanese bank, in London prior to moving to the U.S. He worked on many diverse programs including secure U.K. government projects, distribution systems, trading systems, derivatives pricing projects, and SWIFT connectivity for payment systems. Since moving to the U.S., he has concentrated on financial crime detection systems and has worked with a variety of institutions to deploy such systems including the Federal Reserve Bank of New York, the Continuous Linked Settlement Bank, ABN AMRO, Manulife Financial, RBS Citizens Bank, Deutsche Bank and the Bank of Tokyo-Mitsubishi.

Davies studied pure mathematics and computer science at the University of Wales. He is a Certified Anti-Money Laundering Specialist and has worked with customers in the Americas, Europe and Asia. He is a respected industry speaker and author having presented at SIBOS and ABA events and has contributed to articles in the American Banker and Credit Union Journal, among other publications


Todd Raque
  • Todd Raque

  • Senior Manager
  • Deloitte Advisory

Bio

Todd Raque is a Deloitte Advisory Senior Manager in the Anti-Money Laundering practice within Deloitte Transactions & Business Analytics LLP. In his role, he assists clients in implementing and developing effective compliance programs which are sustainable and meet regulatory requirements. He provides advisory services within the financial services industry in matters regarding Anti-Money Laundering compliance, the Bank Secrecy Act and Economic Sanctions. Todd’s broad range of experiences have included enhancing, implementing and leading key aspects of AML / Sanctions programs. His capabilities include program assessments, policy development, strategic program initiatives, issue remediation efforts, KYC / customer risk rating methodologies, model risk management and suspicious activity monitoring programs.

Todd has worked both within professional services and the financial services industry, holding several senior leadership roles responsible for AML & Sanctions Compliance. These positions have included advisory, governance and operational roles within large national and International banks.

Prior to joining Deloitte, he served as the Head of Governance & Strategy and Deputy Bank Secrecy Act Officer for a top twenty U.S. based bank. In this role he was responsible for managing the overall enterprise level program on behalf of the Director of AML. Todd managed a team of compliance officers that were responsible for the development and execution of an AML risk management framework which included the oversight of polices, emerging risks, enterprise risk assessments, model risk management governance activities and issue remediation efforts.

In addition, he has experience as the Head of the Financial Intelligence Unit and Director of AML Investigations for a U.S. subsidiary of a large global financial institution. In that role he helped represent the division on a multiyear global project, serving as one of the participants from the Americas, as the bank moved to align AML policies, processes and standards worldwide.

Todd has over 25 years’ experience on both the public and private side in investigations related to fraud, narcotics trafficking and AML / CFT matters. Prior to his roles in financial services and consulting, he spent 11 years within law enforcement, primarily conducting and leading criminal investigations related to narcotics trafficking.