The AFC Team of 2024

Resourcing your AFC team continues to be challenging for any MLRO, compliance officer or head of financial crime. There are a whole range of complexities to consider from internal priorities, to regulatory changes to budgets.

FINTRAIL and FincSelect have teamed up to deliver this hour workshop to unpick some of the challenges and highlight some of the themes we are seeing in 2024.

This session dives into the below questions:

• What does a modern FinCrime team and structure look like?

• What are some of the challenges we are seeing in the industry when it comes to capacity and resourcing?

• What are some of the hiring themes of 2024?

• What are some of the outsourcing opportunities to gain additional temporary headcount or expertise?

Unmasking Fraud: Dynamic Controls for an Ever-Changing Threat Landscape

Fraud is now the most common crime in the UK, and with figures suggesting that over 86% of fraud is unreported, the scale of the problem may be even greater than we know!

The political commitment and agenda to combat fraud have never been more clear or decisive, and 2024 will bring significant regulatory changes and scrutiny in this space. The message from regulators is clear: they expect more.

Robust and adaptive detective and preventive controls across the customer lifecycle are essential to a proactive defence against the ever-evolving landscape of fraud.

To stop fraudulent transactions, compromised accounts and money mules in their tracks, firms need to understand their fraud vulnerabilities, assess their control framework and build a clear plan of action.

In this FINTRAIL webinar, hosted in partnership with Resistant AI, you’ll learn about the ever-evolving fraud landscape, and the tools and strategies you should be considering to enhance detection and prevention in your financial crime team.

FinCrime Priorities for 2024

In conversation with FINTRAIL: FinCrime Priorities for 2024

Join us for a conversation about key financial crime compliance themes for 2024, drawing on recent conversations with regulators, enforcement trends and regulatory horizon scanning.

What you need to know and what you should be looking to prioritise in 2024:

- Regulatory changes and key areas of focus

- Themes from 2023 and how they’ll develop in the next 12 months

- FINTRAIL plans for 2024

Hosted by:
Maya Braine, Managing Director, FINTRAIL

Robert Evans, CEO, FINTRAIL

James Nurse, Managing Director, FINTRAIL

Going beyond a rules-based approach! How AI will supercharge your AML

Hosted by FINTRAIL & ThetaRay

As financial institutions grapple with the ever-evolving challenges of fraud detection, risk mitigation, and compliance, AI emerges as a formidable ally. Its ability to process vast volumes of data in real-time, identify patterns, and adapt to new threats enable it to overcome the problems of rules-based systems and supercharge AML programmes, especially in the area of transaction monitoring.

No longer a futuristic buzzword, AI-powered fincrime tools are already in use, from start-ups through to leading global financial institutions. Join us for this webinar to hear from Travelex, the world’s largest retail FX specialist operating across 26 countries, on how they have addressed the transition to AI, the practical challenges they have addressed, and the outcomes they have seen. Peter Reynolds, CEO of ThetaRay, and Maya Braine, managing director of FINTRAIL, will contribute their insights and practical guidance for firms looking to start their AI adoption journey.

Speakers:

• Maya Braine, Managing Director, FINTRAIL

• Daryl Norman, Group Chief Compliance and Risk Officer, Travelex

• Peter Reynolds, CEO, ThetaRay

FINTRAIL & Resistant AI Bootcamp | AI and AFC

Hosted by FINTRAIL and ResistantAI

A two day bootcamp in which you can learn about the importance of AI in the future of anti-financial crime (AFC) management.

Through practical use cases, our expert speakers explore how to exploit AI to enhance detection, prevention, and investigation processes, and ultimately strengthen AFC frameworks.

DAY 1 - 28 September 2023

Sessions will cover:

• The fundamentals of AI

• Regulatory perspectives of AI in AFC

• Managing and communicating explainability and transparency in AI

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DAY 2 - 5 October 2023

Sessions will cover:

• AI and the AFC technology maturity curve

• Use cases for AI in AFC

• Preparing for AI adoption

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SPEAKERS INCLUDE:

• Ciara Aitchison, Director, Insights, FINTRAIL

• Martin Rehak, CEO, Resistant AI

• James Nurse, Managing Director, FINTRAIL

• Vera Veldscholten, Product Owner - Transaction Monitoring, Bunq

• Billy Pinder, Global Head of Transaction Monitoring, Currencycloud

• Katherine Gormley, AML Product Manager, Resistant AI

• Kseniia Kutyreva, Head of Compliance, FINOM

• Natasha Qayyum, Data Scientist

Reassurance on Your Assurance

Reassurance on Your Assurance Workshop

A robust assurance programme is a vital part of ensuring your AFC controls are working effectively. In this workshop, the FINTRAIL team will be discussing best practices for a 2nd line assurance framework and taking a closer look at nuances for particular control areas.

In this webinar we’ll cover:

• What do the regulators say you need to do?

• Assurance framework best practices

• Thematic assurance - Fraud

• Thematic assurance - Transaction Monitoring (Featuring Resistant AI)

• Tracking, aligning and remediating

This webinar is hosted by:

• James Nurse, Managing Director, FINTRAIL

• Katherine Gormley, AML Product Manager, Resistant AI

• Maya Braine, Managing Director, FINTRAIL

Implications of the UK’s new fraud reimbursement

Implications of the UK’s new fraud reimbursement

The UK’s Payment Systems Regulator (PSR) has announced upcoming new requirements for reimbursing victims of authorised push payment (APP) fraud. What are the proposed requirements, do they provide the “incentives to innovate” that the PSR hopes for, and what do they mean for your firm?

Join us to discuss these questions, from policy to practice, with these great speakers:

• Robert Evans, CEO, FINTRAIL

• Kathyrn Westmore, Senior Research Fellow, RUSI

• Aaron Elliott-Gross, Group Head of Financial Crime and Fraud, Revolut

• Ciara Aitchison, Director, Insights, FINTRAIL

FINTRAIL and ComplyAdvantage: Transaction Monitoring Bootcamp

Hosted by FINTRAIL and ComplyAdvantage

A bootcamp series for financial institutions on how to manage and run a best-in-class transaction monitoring process.  Covering process design, transaction analysis, OSINT research and more!

DAY 1 - 8 JUNE 2023 @ 2PM BST

Sessions will cover:

• Introduction to transaction monitoring

• Designing and managing a transaction monitoring process

• Talk from an industry guest speaker

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DAY 2 - 15 JUNE 2023 @ 2PM BST

Sessions will cover:

• The use of technology

• Processing monitoring alerts

• Talk from an industry guest speaker

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SPEAKERS INCLUDE:

• Alia Mahmud, Global Regulatory Affairs, ComplyAdvantage

• Maya Braine, Managing Director, Head of Insights, FINTRAIL

• Iain Armstrong, Global Regulatory Affairs, ComplyAdvantage

• James Nurse, Managing Director, FINTRAIL

• Andrew Davies, Global Head of Regulatory Affairs, ComplyAdvantage

• Simon McFeely, Global Head of Risk & Compliance, TransferMate

Financial Crime Monitoring and Investigation Masterclass

A two-part series on Financial Crime Monitoring and Investigation, with FINTRAIL & Dow Jones Risk and Compliance

A masterclass series for financial institutions on how to understand, assess and manage your clients’ financial crime risks through ongoing monitoring and deep dive investigations.

Part one covers:

• Session 1: Monitoring and Investigations: The Regulatory Context

• Session 2: Triggering & Framing Investigations

• Session 3: Case Study by Revolut’s Complex Investigations Team

Sign up to view the recording here.

Part two covers:

• Session 4: OSINT Research

• Session 5: Transaction Analysis

• Session 6: Using Tools and Technology

Sign up to view the recording here.

Are Anti-Financial Crime Checks Driving Financial Exclusion?

Are anti-financial crime checks driving financial exclusion?

Finclusion 2021 Podcast Episode with FINTRAIL

Podcast hosts Shân Millie and Victroria Roberts talk to James Nurse, Managing Director at Fintrail, and Ravi Shukla, Head of Tech Nation Fintech Delivery Panel, about the barriers anti-financial crime checks can pose to financial inclusion and the checklist of principles they’ve developed to address this.

AI & Transparent Boxes

AI & Transparent Boxes

Moody’s Talks Podcast Episode with FINTRAIL

Attitudes towards AI in the KYC and AML space are often riddled with disillusionment. It begs the question, are there ways to unlock the potential of AI technologies in a more productive way when combatting financial crime? 

Moody’s Talks podcast host Alex Pillow delves into this topic with FINTRAIL’s Managing Director, James Nurse, and Janet Bastiman, Chief Data Scientist at Napier AI.