In light of developing circumstances with respect to the coronavirus (COVID-19), we are making changes to the upcoming Verafin Tour Regional Seminars:
2020 Verafin Virtual Tour: June Registration Now Open
The seminars originally scheduled for June 16 in Minneapolis, MN, June 17 in Detroit, MI, and June 18 in Chicago, IL are cancelled and have been replaced with a virtual, online event.
The 2020 Verafin Virtual Tour will take place on Wednesday, June 17, 2020 from 12:00pm to 5:00pm EST. Event details and registration available below.
Thank you for your understanding as we strive to deliver exceptional educational opportunities for you. Questions may be directed to firstname.lastname@example.org.
Fraud Detection & BSA/AML Online Events
Fraud Trends & BSA/AML Hot Topics
Join us for a complimentary online event, as industry experts discuss trends in financial crime and banking technology, and provide in-depth training on detection and investigation strategies to help stop financial crime.
The COVID-19 global pandemic is having a significant impact on financial crime management programs — from remote working with limited resources to the emergence of COVID-19-related fraud schemes and changing customer behavior. Our expert speakers will dive into these topics and discuss new solutions to help fraud, AML and compliance teams manage and mitigate risks related to the COVID-19 crisis.
Through this free, online, educational event, you will have the opportunity to chat with technology and product experts during live Q&A sessions and take part in polls and interactive elements.
Virtual Tour Agenda
12:00pm – 5:00pm EST. Session timing coming soon.
Fraud Trends and Technology
This session will include a discussion on the dramatic rise in scams exploiting customers during the COVID-19 crisis, the types of fraud scams that are emerging at this time and related industry warnings.
Financial institutions and customers are facing growing threats from fraudsters and evolving scam scenarios, including check schemes, card compromise, online account takeover and Business Email Compromise. In this session, industry and technology experts will outline new approaches to prevent losses and improve efficiencies in fraud management programs, including big data and machine learning.
Industry Reflections and Predictions
with Guest Speaker Jim Richards
Former top banking executive and industry expert, Jim Richards will provide insights into the regulatory and anti-financial crime industry by reflecting on the journey that led to the current BSA/AML framework, and examine the challenges of providing actionable intelligence to law enforcement.
Big Data Intelligence and the Way Forward for AML
This session will include an examination of the new normal for financial institutions during the COVID-19 crisis as resources are strained and changing customer behavior leads to AML and compliance challenges.
Big data is key to the future of AML and financial crime detection. In this special session, industry and technology experts will discuss the limitations of current approaches to detecting financial crime and provide insights into a way forward for AML by leveraging technology-enabled solutions, including data lakes and consortium data.
Beyond Due Diligence:
Best Practices for High-Risk Customer Management
Institutions are under increased regulatory pressure to meet requirements for CDD/EDD, particularly regarding the identification, segmentation, stratification, and surveillance of FFIEC high-risk customer types. In this session, industry and product experts will discuss the benefits of a segmented, stratified approach to high-risk customer management, outline best practices for developing risk models for customers in higher-risk categories, and demonstrate how technology can improve the effectiveness and efficiency of your CDD/EDD processes.
*Subject to change. Last updated May 21, 2020.
Founder and Principal, RegTech Consulting LLC
Former Executive Vice-President and Director of Financial Crimes Risk Management, Wells Fargo
Senior Strategic Advisor, Verafin
Jim Richards is regarded as a thought leader, and has recently joined Verafin as a Senior Strategic Advisor. Jim will be joining us at the Verafin Tour to provide his insights gained through extensive industry experience including more than twelve years as the BSA Officer and Director of Global Financial Crimes Risk Management at Wells Fargo & Co.
Accreditation & Credits
5 CAMS, 6 CAFP, 6 CRCM credits
The approved accreditations for the Verafin Tour Regional Seminars also apply to the Virtual Event.
Attendees will receive 5 CAMS, 6 CAFP*, 6 CRCM* credits, or may be eligible to receive up to 5 Continuing Professional Education (CPE) credits towards industry accreditation programs, such as CFE and CFCS.
Attendees to the Virtual Tour will receive a certificate of attendance for their records. Attendees are responsible for submission of the certificate and reporting of credits to their appropriate programs.
Please note that attendees can only earn credits for one 2020 Verafin Tour event, including both in-person regional seminars and virtual online events. Once you have registered and attended the event, you will receive a certificate confirming attendance by email within a few days following the event.