Banks have a huge and ever-broadening risk landscape. In 2021, the median loss of money laundering offenses was approximately US$300 billion and, as recently as July 2023, the U.S. Securities and Exchange Committee issued a risk alert to brokerages citing deficiencies in anti-money laundering controls. Against this backdrop, compliance and risk officers have an array of challenges facing them when pinpointing laundered funds. Preventing these huge losses to criminal activity, balancing the demands of a robust client risk-rating methodology and an effective suspicious activity monitoring and reporting program, along with staying ahead of evolving regulatory requirements, are just the start. Compounding matters is the complexity of identifying and tackling the inherent blind spots both inside and outside of organizations. 

Embedding artificial intelligence, no-code configuration, and integrated sandboxes enable your team to have laser focus when screening across any number of lists including sanctions, policy enforcement points, adverse media, and more―and enable you to redirect time and effort to staying ahead of the bad guys. Join this panel of experts and learn how the right screening strategy can do the following:

• Establish better risk identification across a financial institution’s client portfolio
• Break the endless cycle of reacting to unusual or suspicious transactional activity
• Harness the power of descriptive, predictive, and prescriptive analytics to increase efficiency
• Better mitigate known blind spots in the organization and within the financial crimes program
• Identify unknown blind spots and determine the best approach for mitigating risk exposure