Learning from Fraud Detection: Segmenting AML to Fight Financial Crime

Sponsored by

Verafin
  • When: October 11, 2018
  • Time: 12:00 – 1:00 PM ET
  • Level: All

Why do we think about AML as a single idea, when fraud is segmented specifically by customer, channel or loss type? In this insightful session, Jim Richards and Brendan Brothers discuss the limitations of the current one-size-fits-all approach to compliance and anti-money laundering. Learn why segmentation is effective at fighting fraud, and how these lessons can be applied to transform the AML industry.

Learning Objectives

  • Review of the limitations of current AML approaches and technologies to effectively fight financial crime
  • Understand how segmentation improves fraud detection and how these lessons can be applied to strengthen anti-money laundering efforts
  • Learn how innovative technologies and customer segmentation will transform the AML industry

Who Should Attend

  • Compliance Personnel
  • General Counsel
  • Industry Consultants

Region/Industries

  • Financial Institutions
  • Fraud Detection
  • Global

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Speakers

Jim Richards
  • Jim Richards

  • Founder and Principal, RegTech Consulting LLC
  • Former Executive Vice-President and Director of Financial Crimes Risk Management, Wells Fargo
  • Senior Strategic Advisor, Verafin

Bio

Jim Richards is the Principal and Founder of RegTech Consulting, a private consultancy aimed at developing the next generation of BSA/AML and financial crimes professionals, technologies, and programs. Prior to founding RegTech Consulting, Jim worked for over worked for over 10 years at Wells Fargo & Co as the BSA Officer, and Global Head of Financial Crimes Risk Management. He was a founding member of the ACAMS Advisory Board, and is the author of Transnational Criminal Organizations, Cybercrime, and Money Laundering. Jim is currently working with Verafin in a role as Senior Strategic Advisor.


Brendan Brothers
  • Brendan Brothers

  • Co-founder, Verafin
  • Anti-Financial Crimes Specialist

Bio

Brendan Brothers is a co-founder of Verafin, the industry’s leading provider of cloud-based financial crime management software with nearly 3000 financial institutions across North America using the platform to help them comply with regulations and fight financial crime. Brendan is a computer engineer with specialized knowledge and deep expertise in advanced analytics. He is widely recognized as an anti-financial crime subject matter expert and is a frequent presenter at industry conferences and events. Brendan is also the principal presenter for Verafin’s thought leadership webinar series on emerging industry topics in the areas of fraud detection, anti-money laundering, high-risk customer management and 314(b) information sharing.