TOPIC: Risk Assessment

Free Webinar | Considerations for Automating AML Monitoring | Earn 1 CAMS Credit

Friday, September 20, 2019
2:00 PM ET / 1:00 PM CT
Presented by Kevin Gulledge, CAMS
Register today! 

Financial institutions have many choices when it comes to AML solutions. These solutions can be very complex in nature, or they can sometimes be very basic. Join us for this free webinar where we will discuss the top issues that bank and credit union management faces when selecting, implementing, and using an automated AML monitoring software solution. We will look at the challenges faced by the financial institutions including discussions about policies and procedures, customer and transactional data, budget constraints, core systems, teller systems and more.
Join to learn:
  • Understand the different types of automation that can support your financial institution’s BSA/AML program
  • Identify common points of failure that institutions may have in implementing a solution along with recommended solutions
  • Explain the implications that your BSA Program and Policies and Procedures may have on vendor or software selection
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    CECL, Portfolio Risk, Credit and Lending Conference | ThinkBIG | September 24 - 26, Orlando, Florida

    There are only four days left until registration ends for the biggest CECL, portfolio risk, and lending and credit conference of the year - ThinkBIG!

    When: September 24-26
    Where: Loews Sapphire Falls Resort at Universal Orlando | Orlando, FL
    Who: Anyone involved in CECL/ALLL, portfolio risk, or credit and lending. Common titles include CFO, Controller, VP of Finance, Credit Analyst, CCO, CRO, Credit Admin and Loan Admin.

    Are you managing risk and driving growth at your financial institution? Do you need ideas to think bigger about portfolio risk, CECL, or lending and credit? The ThinkBIG Conference presented by Abrigo was created to give you the educational tools and concrete ideas to Manage Risk. Drive Growth.  

    Hear from FASB's Hal Schroeder, FINCURA's Max Blumenthal, Q6 Cyber's Eli Dominitz, economist Tom Cunningham, PhD, and a full roster of Abrigo's industry experts at this year's conference. 

    Be prepared to Think Bigger with insights and information critical to your lending strategies, mitigating credit risk, and the transition to and implementation of the new allowance accounting standard over the course of three days of compelling educational content and networking.  

    If you have responsibilities related to CECL and the ALLL at your institution, or if you want to know more about how CECL will impact your institution or you want to grow your loan portfolio quicker and more efficiently while driving profitability, this is the one conference this year you cannot afford to miss.

    Earn up to 14 CPEs! 
    Register today and save! 

      Educational Webinar | Employee Fraud: Understanding the Threat from Within - Join us Sept 4

      September 04 at 12:30 PM - 01:30 PM EST
      Employee Fraud: Understanding the Threat from Within
      The role of monitoring in reducing the reputational and financial risks of internal fraud


      Register Now

      Financial institutions are especially vulnerable to employee fraud, as fraudsters within the organization have access to large amounts of personal identification information and financial transactional data, along with access to customer accounts. Join us as we discuss how such schemes can add up to significant fraud losses, the financial and reputational risks, and how employee fraud can also enable other illicit activity.

      In this presentation, you will learn:
      • The scale of the crime of employee fraud, including the potential for losses and compliance considerations
      • Review tactics internal bad actors use to commit fraud against financial institutions
      • Best practices to mitigate losses and protect your institution from internal threats, including appropriate monitoring and fraud controls
      Register Now

        Demonstration | End-to-End High-Risk Customer Management & CDD/EDD - Join us September 11

        September 11 at 12:30 PM - 01:30 PM EST
        End-to-End High-Risk Customer Management & CDD/EDD
        Segmentation, Stratification, Surveillance & EDD Workflows for High-Risk Customers


        Register Now

        How accurate is your institution’s customer risk profile? A one-size-fits-all approach to customer risk can lead to thousands of high-risk customers being flagged for continuous review, increasing your workload.
         
        Verafin’s end-to-end solution for High-Risk Customer Management and CDD/EDD helps you effectively manage higher-risk categories of customers, including ATM Owners, MRBs, MSBs, NGOs, and more.

        Join us as we demonstrate how Verafin identifies and categorizes high-risk customers, and stratifies the risk within each category. Through ongoing surveillance, Verafin provides a more accurate picture of your institution’s risk profile to strengthen your end-to-end CDD/EDD program.

        Register Now

          Demonstration | BSA/AML Compliance and Management: Uncover Suspicious Activity & Strengthen Compliance - Join us Aug 29

          BSA/AML Compliance and Management
          Uncover Suspicious Activity & Strengthen Compliance

          August 29 at 12:30 PM - 01:30 PM EST

          Register Now

          Today’s landscape of changing regulatory requirements creates enormous pressure for compliance professionals to uncover potential money laundering and stay ahead of suspicious activity. Yet, many financial institutions still rely on legacy systems, broad rules and manual processes to manage daily compliance tasks.

          Join us as we demonstrate how Verafin’s Financial Crime Management platform uses a big data intelligence approach, leveraging artificial intelligence and machine learning to significantly reduce false positives and generate a higher quality of alerts. You’ll see how Verafin enhances anti-money laundering efforts with complete BSA/AML functionality to strengthen compliance and enhance your ability to detect, investigate and report potentially suspicious activity.

          Highlights of this software demonstration will include:
          • Risk-rated targeted BSA/AML alerts and scenarios
          • High-Risk Customer Management and end-to-end CDD/EDD
          • Alert threshold testing and performance monitoring
          • Integrated financial crime Case Management
          • Automated regulatory reporting of SARs and CTRs
          • 314(b) Information Sharing
          Register Now

            Infographic | Managing & Mitigating Risk - Challenges of CDD/EDD for Higher-Risk Customers

            Financial institutions are facing significant Customer and Enhanced Due Diligence (CDD/EDD) challenges for higher-risk categories of customers as outlined in the FFIEC BSA/AML Examination Manual.

            This infographic provides an easy-to-understand overview of high-risk customers, including expectations from examiners for risk-based procedures, a visualization of progressive methods of due diligence and suspicious activity reporting, current challenges of conventional CDD/EDD approaches, and how to strengthen compliance with an end-to-end approach to high-risk customer management.

              Upcoming CECL, Portfolio Risk, Credit, and Lending Conference | ThinkBIG - September 24-26

              There are only four days left until regular registration ends for the biggest CECL, portfolio risk, and lending and credit conference of the year - ThinkBIG!

              When: September 24-26
              Where: Loews Sapphire Falls Resort at Universal Orlando | Orlando, FL
              Who: Anyone involved in CECL/ALLL, portfolio risk, or credit and lending. Common titles include CFO, Controller, VP of Finance, Credit Analyst, CCO, CRO, Credit Admin and Loan Admin.

              Are you managing risk and driving growth at your financial institution? Do you need ideas to think bigger about portfolio risk, CECL, or lending and credit? The ThinkBIG Conference presented by Abrigo was created to give you the educational tools and concrete ideas to Manage Risk. Drive Growth.  

              The conference brings together industry thought leaders and experts, financial institution peers, CPAs, auditors and regulators for three days of compelling educational content and networking. Be prepared to Think Bigger with insights and information critical to your lending strategies, mitigating credit risk, and the transition to and implementation of the new allowance accounting standard.  

              If you have responsibilities related to CECL and the ALLL at your institution, or if you want to know more about how CECL will impact your institution or you want to grow your loan portfolio quicker and more efficiently while driving profitability, this is the one conference this year you cannot afford to miss. 

              Earn 14 CPEs! 
              Register today and save! 

                Educational Webinar | Employee Fraud: Understanding the Threat from Within - Join us Sept. 4

                September 04 at 12:30 PM - 01:30 PM EST
                Employee Fraud: Understanding the Threat from Within
                The role of monitoring in reducing the reputational and financial risks of internal fraud


                Register Now

                Financial institutions are especially vulnerable to employee fraud, as fraudsters within the organization have access to large amounts of personal identification information and financial transactional data, along with access to customer accounts. Join us as we discuss how such schemes can add up to significant fraud losses, the financial and reputational risks, and how employee fraud can also enable other illicit activity.

                In this presentation, you will learn:
                • The scale of the crime of employee fraud, including the potential for losses and compliance considerations
                • Review tactics internal bad actors use to commit fraud against financial institutions
                • Best practices to mitigate losses and protect your institution from internal threats, including appropriate monitoring and fraud controls
                Register Now

                  Demonstration | Consolidating Fraud Prevention and Management to Reduce Losses & Improve Visibility - Join us August 27

                  August 27 at 12:30 PM - 01:30 PM EST
                  Consolidating Fraud Prevention and Management to Reduce Losses & Improve Visibility
                  Cross-Channel Analytics, Big Data, and Machine Learning to Fight Fraud


                  Register Now

                  Financial institutions are facing common challenges in combatting fraud. Adding layers of protection to detect and prevent fraudulent activity, managing your alert volume, and reporting losses can become increasingly more difficult if there are multiple detection systems across different fraud and operational teams, and ultimately leads to a lack of visibility into your true fraud problem.

                  Join us for this presentation as we discuss the benefits of consolidating your fraud prevention and management functions with Verafin’s Enterprise Fraud Management platform. Learn how to reduce losses, strengthen prevention efforts across all channels and departments, and enable a full picture of fraud at your institution to drive strategic decision-making.

                  Register Now

                    Infographic | Managing & Mitigating Risk - Challenges of CDD/EDD for Higher-Risk Customers

                    Infographic
                    Managing & Mitigating Risk
                    Challenges of CDD/EDD for Higher-Risk Customers


                    View Now

                    “Although any type of customer account is potentially vulnerable to money laundering or terrorist financing, by the nature of their business, occupation, or anticipated transaction activity, certain customers and entities may pose specific risks.”
                    FFIEC BSA/AML Examination Manual

                    This infographic provides an easy-to-understand overview of high-risk customers, including expectations from examiners for risk-based procedures, a visualization of progressive methods of due diligence and suspicious activity reporting, current challenges of conventional CDD/EDD approaches, and how to strengthen compliance with an end-to-end approach to high-risk customer management.

                    View Now