Associate Director Financial Crime Risk Assurance
National Australia Bank
Conference Day One: Tuesday, 20th August 2019
Tuesday, August 20th, 2019
2:20 PM Utilising Emerging Technologies in Your Anti Crime Strategy to Detect Criminal Activity in Real Time
In the current financial landscape, the rise of digital technology has given criminals the new potential to defraud the system with 49% of organisations globally said they’ve been a victim of fraud and economic crime – up from 36%. However, this also presents as an opportunity as businesses can use new and emerging technology to tackle these criminals head on. This includes using data, regtech and AI.
Panellists will discuss:
- Developing effective cyber security programs to prevent breaches
- Utilising new data analytics to evaluate compliance effectiveness and reduce the cost of non-compliance
- Automating and enhancing processes to give a better understanding of departments and help coordination
- Enhancing the KYC process and transaction monitoring for better understanding and screening of customers
5:00 PM Champagne Roundtable Topic: Latest Developments in Emerging Threats and Financial Crime Investigation
This roundtable will allow attendees insights into some emerging trends and help them understand the importance of being proactive in monitoring and investigating new types of potentially suspicious activities even before any or minimal official regulatory rules or guidance is available. With 29% of organisations losing $1 million or more, financial crime is becoming increasingly critical to manage.
- Spotting common financial crime motivations and typologies in today’s operating environment
- Designing conceptual frameworks and benchmarking against international investigation standards to counter financial crime
- Detecting and navigating potential cyber threats and fraud to avoid financial and reputational loss
Conference Day Two: Wednesday, 21st August 2019
Wednesday, August 21st, 2019
Concerns over money laundering and sanctions have never been higher on board agendas. Globally the levying of multimillion dollar fines, restrictions being placed on business activities and actions taken against individuals now the norm, 90% of boards now consider controls over anti-money laundering (AML) to be a high risk area for their business. Antimoney laundering (AML) audits and reviews are one of the best ways to measure whether your AML systems and control program are working. The Financial Crime Assurance Function and Internal Audit play an important role in providing independent assurance on the effectiveness of the governance, risk management and control processes implemented to manage Financial Crime Riskfor of the organization.
In this session:
- discussion on challenges faced by FIs in managing Internal Audit and External regulatory reviews
- Common pitfalls in AML programs in FIs and how to ensure that the FIs internal controls are robust enough to avoid these pitfalls
- Interpreting the results to improve your compliance regime
- Assembling the right technology and expertise