Sponsored by Steele Compliance Solutions

This panel will consider practices to optimize your financial crime compliance program at a regional, domestic or smaller financial institution. The conversation will include different approaches with respect to resources, staffing and processes as compared to other types of firms. Join this interactive session to discuss the unique challenges of running a financial crimes compliance program at a relatively smaller firm and the opportunities it offers.

Through a series of practical scenarios and case studies, this panel will have you discuss the fraud trends and typologies and examine the know your customer, conduct, senior exploitation and other risks, as well as the SAR filing requirements, related to today’s financial crimes environment.

Regulators, trade associations, and advocacy groups have all called for the incorporation of innovative approaches in order to improve the effectiveness of combatting money laundering and financial crime. Firms are striving to leverage AI/machine learning, RPA, cloud computing and more in order to improve operational efficiency and the customer experience. For all or many, embracing new technologies or enhancing existing ones means significantly improving data quality and governance. This panel will discuss the challenges, pitfalls, best practices, and successes of various financial institutions on their journey to effectively harness the power of data to greatly improve the outcomes of know-your-customer (KYC), market surveillance, and sanctions screening processes while meeting regulatory expectations.

Sponsored by Chainalysis, Inc.

Find out how firms have approached the world of robotic process automation and artificial intelligence. How can you leverage the latest and greatest technologies to cut costs and help improve consistency in your AML program, while staying in compliance with SAR filing and CDD obligations under FINRA Rule 3310?

Sponsored by Sidley Austin LLP

Significant advancements in fintech are under way. These technologies are enabling intelligence to be gathered from vast and often disparate data sets which, together with rapid advances in data science, are transforming the approach to compliance, streamlining KYC processes, and helping to uncover previously hidden patterns and networks of potential financial crime activity.

At the heart of this technological revolution  is the need to have trusted data, accurate  and relevant information, so that the technology can help the people who are responsible for compliance and risk management make informed decisions. In this session we will discuss:

• What role does/will new technologies play in really turning the tide against financial crime?
• Do the benefits of sharing information to fight financial crime outweighs the risks?
• Can you comply with data privacy regulations and collaborate to fight financial crime?

This panel will discuss money laundering and financial crime in the context of futures, foreign exchange, and cryptocurrency products, including current trends and typologies and the potential risks presented by new and emerging products. The panel will also review recent regulatory enforcement actions and consider possible compliance approaches to address the lessons learned from these actions, including the use of artificial intelligence, machine learning, and contextual analytics.

For years the United States had the most high-profile AML prosecutions and the most daunting regulations, but that is changing. Recent enforcement actions from the Pacific Rim to the Nordic snows demonstrate that AML remains a global threat and a global object of government focus. By design, expansive regulations such as the 5th Money Laundering Directive are shaping global and local programs outside the EU, while international cooperation among regulators brings new challenges for AML officers and their teams. This panel of experienced global practitioners will discuss the changing landscape of global enforcement and regulation.

The stability and proper functioning of the financial system is important to all, but central to the mission of anti-financial crime professionals. To succeed, AML professionals must identify and manage their financial institutions’ risk for money laundering and vulnerabilities for other financial crimes. Collaboration is key and this session focuses on the three pillars of collaboration for AFC professionals in the securities industry, their impact in fighting financial crime and the promise of new technologies. Participants should expect to learn:

• Understanding innovation and technology driven strategies based on three pillars of financial crime risk management collaboration: internal collaboration, consortium data and regulatory collaboration
• Harnessing the benefits of collaboration on your AML risk management policies and procedures
• Previewing how new technology and innovation initiatives such as regulatory sandboxes can eliminate inefficiencies, promote operational excellence, and streamline risk management and reporting processes

This panel will focus on common policy challenges related to client trading (solicited vs. unsolicited trades); deposits (physical, DWAC, DTC Free, DRS, and ACAT); exchange listing requirements (NYSE, NASDAQ, TSX, CSE, etc.); investment banking (private placements, underwriting, etc.); and financial transactions directly with the business. What are the questions you should consider with regard to product offerings and risk appetite to formalize a policy for your firm’s business model?