Webinar

December 12 at 12:30 PM - 01:30 PM EST

Learning from Fraud Detection: Segmenting AML to Fight Financial Crime

Complimentary ACAMS Webinar Rebroadcast

1 CAMS credit
Originally presented: Oct.11, 2018

Why do we think about AML as a single idea, when fraud is segmented specifically by customer, channel or loss type? In this insightful session, Jim Richards and Brendan Brothers discuss the limitations of the current one-size-fits-all approach to compliance and anti-money laundering. Learn why segmentation is effective at fighting fraud, and how these lessons can be applied to transform the AML industry.

Learning Objectives

  • Review of the limitations of current AML approaches and technologies to effectively fight financial crime
  • Understand how segmentation improves fraud detection and how these lessons can be applied to strengthen anti-money laundering efforts
  • Learn how innovative technologies and customer segmentation will transform the AML industry

Verafin will provide attendees with a certificate of attendance for 1 CAMS Credit. Attendees are responsible for submission of the certificate and reporting of credits to ACAMS.

Presenters

Brendan Brothers

Co-founder, Verafin

Brendan Brothers is a co-founder of Verafin, a leading provider of cloud-based fraud detection and anti-money laundering software with more than 1700 financial institution customers across North America.

Brendan is a computer engineer with specialized knowledge and deep expertise in advanced analytics.

He is widely recognized as an anti-financial crime subject matter expert and is a frequent presenter at industry conferences and events. Brendan is also the principal presenter for Verafin’s thought leadership webinar series on emerging industry topics in the area of anti-money laundering and fraud detection.

Jim Richards

Senior Strategic Advisor, Verafin;
Founder and Principal, RegTech Consulting LLC;
Former Executive Vice-President and Director of Financial Crimes Risk Management, Wells Fargo

Jim Richards is a Senior Advisor to Verafin Inc., the leading provider of fraud detection and BSA/AML collaboration software for financial institutions in North America. Jim is also the principal and founder of RegTech Consulting LLC, focused on developing the next generation of financial crimes technologies and professionals, and providing strategic advice on all aspects of financial crimes risk management.

Prior to founding RegTech Consulting, Jim worked for almost 13 years at Wells Fargo & Co. as the BSA Officer and Global Head of Financial Crimes Risk Management. He was a founding member of the Association of Certified Anti-Money Laundering Specialists (ACAMS) Advisory Board, a three-time member of the Treasury Department’s BSA Advisory Group (BSAAG), and the author of Transnational Criminal Organizations, Cybercrime, and Money Laundering.

Tagged as...

  •   BSA/AML Compliance
  •   CDD/EDD
  •   Fraud
  •   High-Risk Customer Management
  •   Intelligent Segmentation
  •   Money Laundering

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