Money Laundering, Machines, and Models: What Comes Next for Financial Crime Compliance
About the Event
Join BSA/AML and ERM specialists from VBC on Wednesday, November 17th for a timely discussion of what’s ahead for Financial Crime Compliance (FCC). With the recent passage of the Anti-Money Laundering Act (AMLA) of 2020, as well as global developments such as EU Directive #6 and the UK Sanctions and AML Act, we will explore the intersection of current FCC practice, technology, and risk against the backdrop of the post-pandemic “new normal.” We will explore best practice considerations, current developments and trends, and key implications for model risk and model risk assessments. You will learn about:
1. The state of AML/BSA practice following AMLA 2020;
2. Current trends for AI and Machine Learning (ML) innovations applied to FCC use cases; and,
3. Key challenges of MRM applied to both traditional models and “smart” ML applications within integrated AML and Fraud detection frameworks.