Solving the False Positive Conundrum in Sanction & PEP Screening
About this event
TCAE is excited to invite a panel of experts including Rajeev Bahri and Joseph Iuso from KYC2020, Karen Creen from Bank of China (Canada) and Stephen Brent Sargeant from Bitfinexto share their expertise on how best to tackle the false-positive conundrum in traditional sanction and PEP screening, and how an AI-powered decision system can vastly improve AML screening accuracy and provide high return-on-investment. The speakers will discuss the benefits and pillars of a screening decision system and use some case studies to illustrate why we should move from screening to decisioning.
- Understand the Problem: False Positive Conundrum
- Analyze the Status Quo: Traditional Screening & Clearing Methods and Workflows
- Benefits of a Decision System
- Pillars for a Screening Decision System
- Practical Implementation and Results from Case Studies and Examples
Learn MoreFor those who are interested to learn more about Decision System for AML screening and understand the False Positive Conundrum, read the following whitepaper and blog from KYC2020 which are informative and set the stage to listen to this Roundtable Session:
- Effective AML compliance for emerging payments innovators
- Solving The False Positives Paradox in Sanctions Screening
SpeakerSKaren Creen | CAMLO and Sr. Compliance Manager, Bank of China
Karen Creen started in Compliance in 2003 at a Global Commercial Bank in Toronto which was the perfect entrance to a career in Compliance and AML with the release of the PCMLTFA updates mid 2004. Since that time she has held roles as Manager AML & Compliance at a retail bank and has been appointed CAMLO and Compliance Officer for two Foreign Bank Branches. Working in small teams Karen learned to multi-task and see the intersections of AML and other Compliance disciplines including Privacy and Regulatory Compliance Management. Through her career, she has led responses to multiple FINTRAC, OSFI and Cayman Islands Monetary Authority exams.
Joseph Iuso | Senior Executive & Consultant, KYC2020 Joseph is a solutions-focused Senior Executive and Consultant with more than 30 years of success across the IT, AML compliance, banking, financial services, e-commerce, digital currency, and identity industries. He has leveraged his extensive experience in support of the financial services and retail payments sectors to ensure optimal ROI. Mr. Iuso holds and has held many leadership positions at companies including KYC2020, Payment Source, Bitbuy Technologies, UseMyServices, TEKchand LLC, ACHreturnsRX, RBC, JAWZ, CIBC, Interac, and IBM. Joseph holds a Computer Systems Technology degree from Mohawk College as well as numerous certifications in Project Management, Technology, and AML Compliance. As a volunteer, he currently sits on the Canadian MSB Association board as the Executive Director and Director of Technology for friends of HMCS Haida. In the past he has held board positions with the Canadian MSB Association (Former Chairman and founding member), the Canadian Tandem Users Group, and the Canadian Association of Compaq Users, and various other technology and spiritual not-for-profit charities and associations. Joseph firmly believes in freely giving back to the community that has provided and continues to provide him with so much support.