Originally Presented: November 8, 2022
Financial institutions are facing growing pressure from complex money laundering scenarios and mounting regulatory requirements. As workload and compliance costs increase, and false positives overwhelm already strained resources, there is significant risk in relying on manual processes or rules-based monitoring systems.
In this special session for financial institutions using an Aurora core system, Verafin Product Evangelist Corey Lynch will outline the benefits of transitioning from a first-generation system to an automated, data-driven solution such as Verafin to effectively and efficiently fight financial crime and maintain compliance.
Highlights of this session include:
- A review of the challenges surrounding conventional approaches to AML.
- An overview of FinCEN’s National Priorities and how they intersect with AML.
- Understanding how data-driven automated solutions for simple and complex investigations can improve the effectiveness and efficiency of your current processes.