The rising value and frequency of AML fines has hit global headlines, with European and UK regulators sending a strong message on non-compliance and effective AML programs. Even the largest global institutions in these markets, with major departments and resources dedicated to AML operations have fallen foul of the long arm of the law. If the giants of the banking and fintech scene cannot manage to avoid the fines and bad press, how can other institutions, such as national, savings or high street banks and building societies remain compliant in this ever-changing regulatory landscape?
Watch this webinar to hear practical advice from financial crime experts:
- How to modernize AML systems without risky or costly rip and replace projects
- Extracting more value from current investments
- Layering new technologies for operational efficiency
- Improving the efficacy of AML transaction monitoring
- Taking advantage of machine learning
- Embracing data science within AML teams to improve outcomes
- Managing the costs of compliance and non-compliance
About the speaker
Annegret Funke joined Featurespace in 2019 as Senior Solutions Consultant and has since transitioned to Head of Financial Crime, advising institutions bringing advanced analytics into their AML transaction monitoring programmes. She has 7 years' experience working in the Regtech space, working closely with tier-1 financial institutions to successfully deploy innovative AML and EDD solutions in commercial and product management roles. She holds a MSc in Security Studies from University College London and is a Certified Anti-Money Laundering Specialist (CAMS).
Mark is a Director in PwC's forensics practice specializing in the design and implementation of technology and analytics solutions to detect and prevent fraud and financial crime. Mark has over 12 years’ experience working in both public and private sectors and supports clients in areas such as strategy, design, review, implementation and optimization of controls.