The Anti-Financial Crime Exchange Europe will bring together 60 senior FCC professionals together, discussing how to maximise the difference that technology can make in their fight against financial crime.

Interested in attending? Fill out the form below and one of our VIP Liason team will be in touch with a few questions to qualify your attendance.

This unique format is open only to senior executives in the anti-financial crime community, to discuss top-level strategic insights and strategies for embracing technology in the fight against financial crime.

• Gain insight into where new technology can make a tangible difference in their fight against financial crime, and understand how to identify and shape the right solutions for their business
• Learn how to overcome the challenges around tech adoption, integration, and implementation, with real-life case studies and war stories
• Delve into the importance of an anti-financial crime culture at all levels of the business – and learn how to ensure compliance and risk concerns at the heart of business-wide decision making and new product launches
  

Automated client onboarding has revolutionised banking and financial services, offering the swift and seamless experiences today's customers demand. However, this increased efficiency also opens the door to more sophisticated fraudulent activities. In this article, Silvio Chetcuti, Anti-Money Laundering Specialist at the Bank of Valletta, explores finding balance between the benefits and risks of automation in client onboarding.

A Comprehensive Guide for Banks, Financial Institutions, and Fintech Companies

Financial crime is a nebulous field. From old-fashioned fraud to cryptocurrency scams, the range and creativity of fraudsters seem to have no bounds. Unsurprisingly, the evolution of technology in the internet age has seen fraudsters employ increasingly sophisticated tools and techniques to scam people out of their money. This technological prowess has not gone unnoticed – but it has left gaps on the regulatory side of this traditionally human-focused field.

Tools like pattern recognition and analytics play an ever-increasing role in the prevention of financial crime, alongside myriad other technologies available today. Most recently, the development of powerful artificial intelligence has complicated the conversation: how can regulators, much less single MLROs, keep up with such a fast-moving industry, and prevent criminals from exploiting and abusing these systems?

In a couple of words – it’s complicated. To gain a better perspective on these financial crime issues, we asked Mateo Jarrin Cuvi, Global Manager for Partners & Media, The Association of Governance, Risk & Compliance and ahead of the Anti-Financial Crime Exchange Europe 2023, for his thoughts on the matter.

Download the full interview here >>>

In the fast-paced and interconnected world of finance, how to fight financial crime has become an increasingly complex and challenging endeavour for banks and financial institutions. Traditional approaches to combat illicit financing, such as money laundering, fraud, and terrorist financing, often struggle to keep up with the evolving tactics of sophisticated criminals. However, with the right technology and its successful implementation, the financial sector holds the promise of largely reducing financial crime risks. 

Ahead of the Anti-Financial Crime Exchange Europe 2023, we spoke exclusively to John Fernandez, Chief Legal & Compliance Officer, Banked, about how to go about successfully implementing KYC and onboarding solutions, transaction monitoring and automated third-party risk management solutions, to enhance his company’s financial crime threat mitigation efforts and protect their customers. 

Read more and discover: 

• The key steps involved in creating a technology business case 
• The greatest pitfalls encountered when implementing KYC and onboarding solutions, transaction monitoring and automated third-party risk management solutions and how to overcome these 
• How to maximise the impact of KYC and onboarding solutions, transaction monitoring and automated third-party risk management solutions 
• Best practices of successfully implementing technology to help financial crime prevention 

Download the full interview here >>>

According to our latest survey, a huge 70% of leaders reported that the lack of consensus in regulations across different countries and too many regulations were the biggest challenges they faced with the ongoing change to financial crime regulations. This can impact potential expansion for financial institutions and limit the number of new markets or countries they can conduct business in. 

With this at the forefront of many leaders’ agendas, we highlight the newest European financial crime regulations and regulatory changes you need to know this year, to ensure your organisation remains compliant in its effort to effectively mitigate financial crime risks. 

Read more and discover: 

• Current financial crime governance & regulation changes 
• Future European financial crime regulations 
• The impact of financial crime regulations across the financial sector 

Download the full article here >>>