Fact vs Fiction: The New Realities of Financial Crimes Risk Management

  • When: July 24, 2020
  • Time: 10:00 AM – 11:00 AM ET
  • Level: All

In the wake of the COVID-19 pandemic, global economies have experienced unprecedented reductions in GDP, while governments strive to cushion the impact through stimulus programs. Meanwhile criminals have modified their schemes and scams to take advantage of the shift to digital payments. Despite the social and economic disruption, there are opportunities to reimagine business as usual and adopt new operational models to more effectively combat financial crime.

During this session, we will describe practical examples of financial institutions that are pivoting toward the new “work from home” paradigm. We will discuss how leading organisations are mobilising people, processes and technology to stem fraud losses and meet regulatory obligations.

Institutions will likely have to do more with fewer resources during the recovery. We will provide examples of how financial crimes analytics and orchestration of digital data deliver quantifiable results to more efficiently and effectively manage financial crimes risks.

Learning Objectives

  • Where your institution falls within a financial crimes analytics maturity model
  • How to provide a holistic view of customer risk across entities and counter parties
  • Considerations for automation of investigative processes
  • Tips on measurement and quantification of benefits of machine learning adoption
  • Benefits of moving financial crimes applications to a cloud/hosted operating model

Who Should Attend

  • Wealth managers
  • Firms providing mortgage services
  • Firms providing high value goods
  • Legal firms supporting financial services
  • Legal and second line of defence teams within financial institutions
  • World wide appeal with a focus on UWO implementation in the UK
  • Real Estate Agents
  • Financial Crime Intelligence Units, Compliance teams
  • Financial Institutions

Region/Industry

  • UK, Europe,
  • Middle East, Africa
  • Canada, North America, Central America, South America
  • Banking
  • Large financial institutions
  • Private Banks
  • Global banks
  • Legal practitioners
  • Real Estate
  • Central Government

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Presenters

David Stewart
  • David Stewart

  • Director, Financial Crimes & Compliance
  • SAS

Bio

David Stewart drives strategy,collaborates with product management and provides key marketing counsel for fraud and compliance solutions worldwide. In addition to working closely with many of the world’s leading financial institutions and regulatory agencies, Stewart leads a team of global subject matter experts who are instrumental in delivering industry best practices for fraud prevention, anti-money laundering, and financial crimes compliance.

During the past 10 years, Stewart has hosted SAS’ annual Counterterrorism and Financial Crimes Forum co-sponsored by the US Department of Justice and a number of global financial institutions.Prior to 2005, Stewart served as the Global Account Manager for one of the world’s largest financial institutions. He has worked extensively with industry to bring data mining and machine learning capabilities to market for credit analytics, customer intelligence and financial crimes applications.Stewart has focused exclusively on delivering enterprise analytical solutions to the financial services industry for the past 28 years.


Thomas Keegan
  • Thomas Keegan

  • Principal
  • KPMG

Bio

Thomas Keegan is a Principal in KPMG LLP’s U.S. Forensic Technology Services focused on analytics. Based in New York, Thomas has spent almost 20 years as part of our Forensic Technology Services team servicing our largest clients. He has led some of our most significant Forensic analytic projects across a variety of regulatory areas. Thomas focuses on technology for Financial Crimes, including anti-money laundering, sanctions screening, and KYC. He has assisted many clients with model validations and Part 504 related activates Thomas joined KPMG’s forensic practice after completion of his Juris Doctorate. In addition to serving clients across highly regulated industries, he spent several years in KPMG’s Global Product development Centre developing and managing data analytic solutions. He currently leads our innovation efforts for Digital Labor in Financial Crime of Law.