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How to Be a Financial Crime Fighting Super Hero


Date 04:40 PM - 05:30 PM (0 hours 50 minutes)
Monday, April 17
Cybersecurity & Risk

Financial services and payments continue to transform at a rapid pace. Payment immediacy and real-time settlement are great capabilities for consumers as long as we can ensure that they are used for legitimate purposes. Financial crime such as money laundering and predicate crimes such as fraud contribute to billions of dollars being laundered through the financial system. We need to leverage the benefits of faster payment processes and the vast data assets that are available to support AML regulatory compliance and the moral imperative to avert these crimes. In this session speakers discuss how to support the FinCEN National Priorities to help realize the goal of preventing financial crime and new techniques to show the interconnectedness of data and participants in the payments lifecycle. Alternative and general payments data, IoT, news data, and the data we accumulate on our systems can all be utilized to prevent money laundering and associated predicate crimes. Detection of criminal activity by analyzing and visualizing connections within a network of payment and adverse media data coupled with actionable insights is essential for successful financial crime investigation.