Presentation: How to Use Advanced Data Analytics and Technology to Combat Financial Crime
Speaker: Andrew Simpson, MBA, CISA, Chief Operating Officer, Caseware Analytics
Andrew Simpson, Chief Operating Officer, CaseWare Analytics, has over 20 years’ experience building businesses in the fields of information systems audit and security, data analytics and interrogation, AML and forensics. Andrew is a regular contributor to conferences and a recognized thought leader in financial crime management.
Andrew previously worked at Ernst & Young as an IT Security Specialist and maintains his position as Founder & Chairman of Symptai Consulting, a 20 year-old IT audit and security consulting firm. He has an MBA in Banking and Finance from the University of Wales and Manchester Business School and a Bachelor’s degree in Computer Science and Mathematics from the University of the West Indies.
Money service businesses (MSBs) and Fintech companies are in uncertain territory, facing increasing pressure from regulators while striving to adjust to fraud and criminal activity. This session examines advanced analytics models designed to detect anomalies and identify suspicious behavior, and how they can be used to protect Fintech and MSBs. Best practices companies should adopt to avoid the penalties and reputational damage that comes with major compliance failures will also be presented.
To keep up with regulations and adapting criminals, Fintechs and MSBs must continually advance their anti-fraud and anti-money laundering (AML) processes. A successful anti-fraud and AML compliance program is dependent on identifying the objectives of the program, implementing key components, knowing what scenarios to monitor and understanding the vital role that technology plays within it. This session will look at how financial crimes are evolving and the technology and advanced analytics Fintechs and MSBs need to incorporate into their compliance programs to protect themselves. The session will also examine how data analytics can be applied to detect criminal activities, and will arm companies with strategies to prevent them.
CPE Credits: 1.0 CPE Hours
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- Examine emerging money laundering threats facing MSBs and Fintech companies
- Address how advanced analytics—including risk models, predictive analytics and more—can be used to combat crime
- Delve deeper into how cross-country transactions and potential for multiple regulatory forms are creating complex filing requirements for companies
- Discuss the role technology plays in compliance and in engaging the entire organization in a culture of compliance
- Cover case studies that illustrate how a fraud program is a huge competitive advantage
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Delivery Method: Group-Live
Prerequisites: Working Knowledge of Fraud and Fraud Schemes
Field of Study: Specialized Knowledge and Applications [Fraud]
Who Should Attend?: Anti-fraud professionals, Auditors, Accountants, Attorneys, Investigators, Law Enforcement, Educators, Students
Advanced Preparation: None
Program Level: Intermediate
NASBA Sponsor No. 125230
The Houston Area Chapter of the Association of Certified Fraud Examiners is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.