A CeriFi Company
Sydney, Australia
February 15, 2024
Transaction Monitoring has been with us for a long time, but we are still reacting to the same challenges in detection today.
This invite-only roundtable is designed for senior level and C-suite executives within banks and financial technology firms including directors, managing directors, chief officers, global heads, and others.
Room: Lady Fairfax, Ground Floor
Radisson Blu Plaza Hotel
27 O'Connell St,
Sydney NSW 2000, Australia
Business travelers appreciate our hotel's proximity to local businesses as well as convenient transportation options at Circular Quay (rail and ferry), Wynyard (rail and bus) and Martin Place (rail and bus), which provide quick commutes.
Wynyard Station - 200 m
Martin Place Station - 450 m
Circular Quay Station - 500 m
Sydney Kingsford Smith Airport - 14 km
Transaction monitoring is a required activity for financial institutions but, in many cases, it is a source of frustration, consuming much time and effort.
To date, the impact of poor AML transaction monitoring has been severe for financial institutions and individuals involved.
Are we spending too much time and effort on Transaction Monitoring or are there other financial crime risks that should be top of mind?
The saying, “We don’t know what we don’t know”, couldn’t ring truer for Compliance professionals. Criminals are becoming smarter by the hour in detection evasion and the average customer is left paying the bill for these actors. This session will address how compliance professionals can better detect and understand what they may be missing within their alert rules.
The practice of reviewing customer transactions for signs of money laundering, terrorism financing, and other suspicious activity has been with us for many years.
Is our current practices appropriate and adequate? Is the approach to Transaction Monitoring lacking real innovation?
In this session, one non-profit organization details their tireless work against Human Trafficking, highlighting individuals who have suffered the lasting effects of this crime.
The speed of innovation in financial crimes is challenging. Staying in front of the criminals is a challenge.
With the growth in Scams that then quickly distribute the proceeds of the scams to mule rings, is a combination of fraud and anti-money laundering people, processes and technology a way of disrupting this activity and if so how do we achieve this?
Lunch will be provided before the start of the discussions, and following the closing remarks, there will be a reception with passed appetizers and an open bar.
SAVE YOUR SPOT NOW