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
$245 $445
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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 Nguyen Swift, CAMS

  • Vice President, Compliance and Financial Crimes Solutions
  • Enigma

Bio

Angel Nguyen Swift is Vice President of Compliance and Financial Crimes Solutions at Enigma, an Operational Data Management and Intelligence company headquartered in NYC. Enigma puts data in the context of the real world and makes it connected, open and actionable for the Fortune 500.

Ms. Swift recently joined Enigma from American Express, where she served as the Vice President of the Global Financial Crimes Compliance – Financial Intelligence Unit (FIU) and played an active role in re-envisioning and rebuilding FIU from the ground up. Today, the unit, a centralized global team of more than 300 people supporting the company in over 40 countries, is responsible for the end-to-end SAR process (monitoring, investigations and reporting), Sanctions screening, PEP/EDD reviews, and Anti-Corruption payments monitoring.

Since 2015, her mission at American Express was to more specifically focus on bringing best in class tools and technology to the virtual desks of compliance personnel at all levels, to maximize capabilities and gain meaningful intelligence in their areas of expertise.  Her role at Enigma will give her the opportunity to continue this mission full-time.

Prior to American Express, Ms. Swift served as a New York County Assistant District Attorney, where she prosecuted a plethora of cases including street level violent crimes, sex crimes, and long-term identity theft and cybercrime investigations. 

Speakers

Chris Bagnall
  • Chris Bagnall, CAMS

  • Financial Crimes Compliance Director – Economic Sanctions
  • Fifth Third 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