Australia' Only Conference Dedicated To  Mitigating & Managing Financial Crime, AML & Fraud

25 November, 2020 | Mercure Sydney Central, Sydney, NSW

Claudine Lamond

Head of Determination (TCW) Targeting Criminal Wealth ACIC

Conference Day One: Tuesday, 18 February 2020

Tuesday, February 18th, 2020

12:00 PM Australian Death Check: Improve the integrity of identity data and data matching

The lapse in updating death records in a company’s database has led to reputational damage, customer dissatisfaction, fraud and financial losses. While organizations strive to conduct KYC/AML identity verification across various sources to provide accurate, up to date and complete identity information, there had been a lack of readiness when it comes to a single source of truth on death checks.
With millions of death records accumulated over the years at an average of 6.593 deaths per 1000 people over the past 20 years, the banking royal commission has flagged organizations for charging “fees for no service” against the deceased. Furthermore, Australia Institute of Criminology (AIC) estimates the direct costs of identity crimes are at a minimum of $2.1B annually to individual victims, businesses and government agencies. Organized crime rings have sunk to new lows and has gone beyond targeting the living; deceased records are used to fraudulently open credit card accounts, apply for loans, apply for mobile phones, and collect tax returns.
The panel discusses reputational damage, and, financial and fraud threats on death abuse. Look forward to actionable insights on how you can declutter your database by using deceased status indicators to protect your organization and your customers’ loved ones against misuse of their data.

Conference Day Two: Wednesday, 19 February 2020

Wednesday, February 19th, 2020

9:10 AM KEYNOTE ADDRESS: Evolving Legislation: Preparation For Impacts Of The Currency Act And Tranche 2 On Phoenixing, Money Laundering and Organisational AML/CTF

In this opening session, Claudine will discuss the changing legislation and potential transitions affecting money laundering activity directly, and how this translates to the way the industry will be forced to adapt:

  • Currency Act: 10k cash limit and phoenixing legislation and the changes in activity and typologies
  • The likelihood of Tranche 2 and what it will mean for ANZ organisations
  • Combatting international displacement into nonreportable channels

Check out the incredible speaker line-up to see who will be joining Claudine.

Download The Latest Agenda