Solving the False Positive Conundrum in Sanction & PEP Screening with Decisioning Systems

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 Bitfinex to 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.

LEARNING OUTCOMES

  • 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 More

For 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:

SPEAKERS

Rajeev Bahri | Co-Founder and Managing Director, KYC2020

Rajeev Bahri, CFA, CAMS, is the Co-Founder and Managing Director of KYC2020, LLC. Rajeev has an MBA from University of Chicago Graduate School of Business, and a B.S.E.E with highest honors from the Georgia Institute of Technology. His corporate and entrepreneurial career spans over 30 years. Rajeev has held leadership roles in banking, capital markets, and software development operations in corporate giants including AT&T, FIRST CHICAGO (now CHASE), ABN AMRO and AIG.

Rajeev guides the product vision, marketing and business strategy of KYC2020 LLC. He leads the KYC2020 team in its mission to reduce cost and friction in AML Compliance. He is also the MD of TEKchand LLC.

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.

Karen 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.

MODERATOR

Stephen Brent Sargeant | Deputy Manager, AML Investigations (Consultant), Bitfinex

Stephen Brent Sargeant is the Deputy Manager, Investigations, providing consultancy services to industry leading cryptocurrency exchange, Bitfinex. Stephen previously acquired AML experience working for international Bank, HSBC as an AML Investigations Manager. He has acquired many AML and cryptocurrency designations, including the Certified Anti-Money Laundering Specialist (ACAMS), Certified Bitcoin Professional (CBP), Certified Cryptocurrency Forensic Investigator (CCFI) and Certified Cryptocurrency Investigator (CCI).

Stephen is a professional Speaker / Moderator, who enjoys offering in-depth training to AML and Compliance professionals and organizations looking to gain more insight into the intersection of Cryptocurrency and AML and to amplify their personal and organizational brands.