8 Current Challenges in Financial Crime and How to Manage Them

Presented by

Claude Baksh and Andrew Davies

About this talk

The financial crime ecosystem continues to evolve at record pace, and while new technologies and new channels increase opportunities for engagement, they also bring new opportunities for crime. At the same time, customer expectations for real-time, Omni-channel engagement continue to rise. Financial institutions have to improve their approach, not only to protect themselves from risk, but also to provide their customers with fast, safe and reliable services that fit with the pace of their lives. We will discuss challenges and trends in the market, strategic considerations for managing these challenges, and how key technologies and best practices can be combine to improve your approach to mitigation. Learning Objectives •Exploring drivers and trends in the AML marketplace, including challenges with KYC, Trade Based Money Laundering, Artificial Intelligence, Machine Learning, human trafficking and more •Key strategic considerations for balancing financial crime challenges •Understanding how to balance customer experience and risk management in the new world of money laundering

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