Tuesday
25 March 2025
08:00 - 08:50
Registration and breakfast
Marriott Downtown
08:50 - 09:00
Chair’s opening remarks
09:00 - 09:35
REGULATORY LANDSCAPE OF FINANCIAL CRIME - FIRESIDE CHAT
Managing compliance amidst frequent regulatory changes and understanding impact on technologies
- Strategies for maintaining alignment between technological advancements and regulatory requirements
- Addressing the challenges of ultimate beneficial ownership and perpetual KYC
- Preparing for future regulatory changes and adapting compliance programs accordingly
- Overcoming obstacles related to legacy systems and identifying future-proofing strategies
09:35 - 10:20
AML Reform ACT – PANEL DISCUSSION
Overview reformed FinCen AML 2020 Act requirements for risk assessments in 2025
- Navigating diverse regulatory expectations for AI models and compliance in financial crime prevention
- Preparing for future regulatory changes and understanding their impact on technology use
- Exploring future trends in global AI and privacy regulations and their implications for financial institutions
- Enhancing collaboration and understanding between regulators and financial institutions
- Addressing challenges for smaller institutions in meeting FinCen requirements
- Managing lack of resource constraints and lack of technology infrastructures
- Addressing the challenges posed by rapid technological advancement in relation to regulatory frameworks
10:20 - 10:50
Morning refreshment break and networking
10:50 - 11:25
DATA MANAGEMENT AND INTEGRITY
Don’t let those regulations gather dust! Turn them into rocket fuel for innovation!
- Strategies for leveraging regulations, such as the EU AI Act and NYDFS Part 504 Regulations, to enhance data management.
- Differentiating innovation from mere incremental improvements or transformations.
- Utilizing regulatory frameworks as a catalyst for fostering innovation • Tackling data mismanagement and formulating strategies for continuous data maintenance.
- Strengthening data integrity to facilitate the development of effective technologies for managing financial crime.
11:25 - 12:10
LEVERAGING AI IN FINANCIAL CRIME PREVENTION – PANEL DISCUSSION
Exploring the future role of AI in financial crime prevention and compliance strategies
- Harnessing AI to enhance customer data management and analysis in banking
- Integration of AI in transaction monitoring and sanctions screening for better risk management
- Leveraging AI and ML to improve fraud detection and reduce false positives
- Managing automation and real-time payments in a regulated environment
- Exploring generative AI to enhance operational efficiency in financial crime
- Discuss law enforcement’s role in adopting AI for fraud prevention
12:10 - 12:45
LEVERAGING ML TO DETECT FALSE POSITIVES
Implementing ML tools to enhance AML processes and reduce false positives
- Leveraging AI for data management and analytics to improve decision-making processes
- Exploring the capabilities and boundaries of AI in detecting and preventing financial crimes
- Developing AI models and algorithms for better detection of financial crime patterns
- Case studies demonstrating successful AI applications in financial crime compliance
12:45 - 13:45
Lunchbreak and Networking
13:45 - 14:20
TRANSACTION MONITORING
Utilizing advanced technology for more effective transaction monitoring
- Implementing AI for better risk management and enhancing monitoring capabilities
- Transitioning from rule-based to ML models for transaction monitoring
- Balancing AI-driven models with manual oversight to ensure accurate monitoring
- Managing the impact of new software and system upgrades on alert volumes and false positives
14:20 - 15:05
SANCTIONS SCREENING AND GEOPOLITICAL RISKS – PANEL DISCUSSION
Navigating geopolitical developments and managing associated risks with sanctions screening
- Understanding the complexities of sanctions evasion and its impact on financial institutions
- Examining best practices for due diligence and monitoring transactions to detect potential sanctions evasion
- Preparing for changes in sanctions regulations and understanding their implications
- Adoption of AI technologies for sanction screening and decision-making processes
- Examining challenges related to the expiration of OFAC licenses and impact on securities
15:05 - 15:40
CYBERSECURITY
Enhancing cybersecurity measures across the financial sector
- Ensuring vendors comply with strict data security protocols to prevent breaches
- Understanding the challenges smaller institutions face in maintaining robust cybersecurity defences
- Developing and updating cybersecurity measures to address emerging threats and regulatory requirements
- Highlighting the role of AI and ML in detecting and preventing cyber threats
15:40 - 16:10
Afternoon break and Networking
16:10 - 16:45
FRAUD DETECTION VS AML MODELS
Key differences in validating fraud detection VS AML models
- Customer Type: Money launderers are typically internal customers with legitimate accounts, while fraudsters are often external actors
- Addressing the lack of integration between technological systems and managing siloed technology
- Time Horizon: Money launderers take a long-term approach, blending illicit funds gradually, whereas fraudsters act quickly, exploiting short-term opportunities
- Monitoring Focus: AML systems monitor long-term behavior patterns, while fraud systems prioritize rapid detection of specific events
- Validation Approach: These differences require distinct validation methods, each demanding a unique thought process and focus
16:45 - 17:20
EMERGING TECHNOLOGIES
Incorporating innovation and technology into financial crime infrastructures
- Leveraging AI and generative AI in financial crime processes to appeal to regulators
- Addressing vulnerabilities and enhancing infrastructure to prevent exploitation by financial criminals
- Understanding the need for both technical and domain expertise in implementing innovative solutions
- Managing emerging risks of financial crime management in an enhanced technological landscape
17:20 - 17:30
Chair’s closing remarks
17:30
End of day one and networking drinks reception
Wednesday
26 March 2025
08:00 - 08:50
Registration and breakfast
Marriott Downtown
08:50 - 09:00
Chair’s opening remarks
09:00 - 09:45
CRYPTOCURRENCY – PANEL DISCUSSION
Understanding and managing evolving threats in the cryptocurrency landscape
- Leveraging AI to tackle financial crime issues related to cryptocurrencies
- Implementing KYC protocols in the cryptocurrency space to combat anonymity
- Strategies for combining technology to investigate cryptocurrency transactions
- Creating and implementing systems to detect threats and suspicious activities, including money laundering
- Best practices and return of experience
09:45 - 10:20
CRYPTOCURRENCY REGULATIONS Managing increased regulatory scrutiny following incidents involving crypto banks and money laundering
Managing increased regulatory scrutiny following incidents involving crypto banks and money laundering
- Implementing cryptocurrency policies aligned with US Treasury guidelines
- Navigating the regulatory environment to ensure compliance with cryptocurrency transactions
- Creating and enforcing policies around cryptocurrency investments
- Addressing the various stances financial institutions take on cryptocurrency
- Embracing, ring-fencing, or avoiding?
10:20 - 10:50
Morning refreshment break and networking
10:50 - 11:25
FINANCIAL INCLUSION Leveraging technology to obtain quality data from informal economies and marginalized populations
Leveraging technology to obtain quality data from informal economies and marginalized populations
- Managing challenges of unbanked populations and impact this has to financial crime
- Money laundering and trafficking in third world countries
- Accessing and using data from non-traditional sources to understand and mitigate risks
- Developing digital identity verification, mobile payments, and blockchain technology to support financial inclusion effort
- Ensuring financial crime frameworks are comprehensive and consider all vulnerable groups
- Leveraging technology to provide accessible, affordable, and secure financial services
11:25 - 12:00
BANKS VS FINTECHS – PANEL DISCUSSION
Understanding the gap between traditional banking and fintech in adopting new technologies
- Evaluating the risks and benefits associated with fintech and bank partnerships.
- Managing regulatory scrutiny and compliance challenges in bank-fintech collaborations
- Conducting oversight of fintech activities to manage AML and KYC risks
- Collaboration between banks and FinTech’s to leverage technology and enhance fraud prevention
12:00 - 12:35
IDENTITY THEFT AND FRAUD Implementing best practices and technology to prevent identity theft and account fraud
Implementing best practices and technology to prevent identity theft and account fraud
- Managing growing trends in fraud and identity theft
- The rise of deepfakes and sophisticated robocalls
- Exploring advanced technologies used by fraudsters and developing countermeasures
- Preparing for evolving fraud tactics and enhancing prevention measures
- Utilizing AI and ID verification tools to protect against theft and fraud
12:35 - 13:35
Lunch break and Networking
13:35 - 14:20
THIRD PARTY RISK MANAGEMENT
Managing third-party risk in financial crime management
- Ensuring third-party vendors adhere to the same standards and regulations as financial institutions
- Managing effectively to prevent risk of customer data breaches
- Actively monitoring third parties to maintain oversight associated with KYC and transaction monitoring
- Leveraging technology for effective due diligence and oversight on third parties
- Mitigating fraud, money laundering or financing of illegal activities
14:20 - 14:55
BLOCKCHAINS
Overview of blockchain technology and its potential applications in fraud prevention
- Exploring scenarios where blockchain could reduce fraud risks in financial transactions
- Assessing the readiness of financial institutions to adopt blockchain technology.
- Understanding the limitations and challenges of blockchain adoption in the financial sector
- Potential use cases of blockchain to document authenticity and prevent fraud
14:55 - 15:25
Lunchbreak and Networking
15:25 - 16:00
COLLABORATION
Building sound partnerships to enhance crime prevention and effective cybersecurity measures
- Coordinating efforts between financial institutions and other sectors to combat financial crime
- Challenges and opportunities in establishing collaboration between financial institutions and other industries
- Leveraging technology to facilitate coordinated approaches to financial crime prevention
16:00 - 16:35
MARIJUANA RELATED BUSINESSSES (MRB) Understanding the growth of MRB and the impact this has to traditional banking
Understanding the growth of MRB and the impact this has to traditional banking
- Addressing risks of handling MRB.
- Managing potential fines and shutdowns related to MRB 4
- Managing conflicts between state legalization and federal prohibition.
- Leveraging technology to mitigate risks associated with MRBs.
16:35 - 16:45
Chair’s closing remarks
16:45