The Truth about False Positives and How to Reduce Them

  • When: February 6, 2019
  • Time: 12PM – 2PM ET
  • Level: Intermediate to Advanced

False positives are costly, frustrating, unproductive – and, perhaps most importantly, can divert precious compliance resources away from managing real AML risks faced by financial institutions. However, while false positives can never be completely eliminated, they can be reduced by effective management, particularly of data collection and verification and well-calibrated monitoring systems. In this webinar, expert panelists will examine the root causes of false positives, while providing practical guidance on how to reduce them while remaining vigilant on risk-based oversight that protects your institutions.

Learning Objectives

  • Auditing existing internal data quality controls to ensure information is complete, in standardized formats across the enterprise and free of errors or unnecessary duplication
  • Segmenting customer and transaction data to sharpen systemic focus on most relevant risks and adjust monitoring protocols as warranted for greater accuracy on matches and alert generation
  • Conducting regular reviews of false positives to analyze root causes of unwarranted false positive volumes and avoid oversight issues such as “alert fatigue”

Who Should Attend

  • Risk Managers
  • AML Officers
  • Technology Advisors
  • Data Management Specialists

Region/Industry

  • Global
  • Regtech Providers
  • Banking
  • Securities
  • Casinos

Pricing

ACAMS Members Non-Members
$195 $295
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*Enterprise members may receive preferential pricing on the below training events and certificates. Please contact salesrequests@acams.org to register.

Moderator

Angel Swift
  • Angel P. Nguyen Swift, CAMS

  • Vice President – Compliance and Financial Crimes Solutions
  • Enigma

Speakers

Chris Bagnall
  • Chris Bagnall, CAMS

  • Risk & Control Manager
  • MB Financial Bank

Nishi K. Gupta
  • Nishi K. Gupta

  • Vice President, Global Risk, Banking & Compliance
  • American Express

Eric Hale
  • Eric Hale, CAMS

  • VP of Analytical Solutions
  • Zencos