Safe Banking Systems Named Sponsor at the Knowledge Group’s Event “Effective Anti-Money Laundering"

NEW YORK - Dec. 20, 2015 - PRLog -- Safe Banking Systems teams up with The Knowledge Group for its upcoming webcast entitled “Effective Anti-Money Laundering (AML) Compliance Programs: Mitigating Your Firm’s Violation Risks in 2016 LIVE Webcast.” This two-hour event will be held on January 27, 2016 @ 12:00 pm – 2:00 pm ET.

For further details about this event, please visit:

https://theknowledgegroup.org/event-homepage/?event_id=1304

About Safe Banking Systems

For more than 15 years, Safe Banking Systems, a technology enabled company has been thinking ahead of the risks to combat financial crime and find the “bad guys.” SBS’ principles-based solution for KYC, CDD and EDD helps institutions manage enterprise-wide risk in a dynamic, data driven environment. SAFE Advanced Solutions®, SBS’ award winning flagship offering combines a patented risk ranking methodology with a probability scoring model that brings actionable AML intelligence for entity resolution to clients worldwide.

KC Event Synopsis

Reporting by financial organizations, mandated by the Bank Secrecy Act (BSA), plays a crucial role in combating terrorist financing and money laundering.  By now, we all know the four pillars of a BSA/AML program.  The “what” and “why” are nothing new but looking to 2016, AML professionals will need to balance the expectations of the regulators while constantly reevaluating the “how.”  The surge in enforcement actions sends a clear message that there is a huge gap between what regulators consider to be sound AML and CFT risk management and what the current situation for most financial institutions is.  The gaps in AML programs along with sophisticated emerging trends in financial crimes suggest that traditional methodologies and technologies have fallen short of the stated goals.

Financial institutions must be willing to move beyond traditional AML programs and technology if they wish to effectively manage risk across the enterprise, protect the organization’s reputation and satisfy the regulators.

In this two hour, LIVE Webcast,  these two distinguished professionals and thought leaders assembled by The Knowledge Group will discuss how certain trends are shaping the AML landscape and how the role of technology is becoming a game-changer for more effective AML programs.  Speakers will present their thoughts on next generation AML.

Topics include:

• A look  back on enforcement actions and trends for 2016
• An Enterprise View of Risk
• REPs (Reputationally Exposed Persons found in Adverse Media)
• Day 1 vs. Day 2
• FinCEN 314b and information sharing
• Effective AML Models:  Risk/Principles-based vs. Rules-based
• Model Validation
• Leveraging the next generation of technology

• Introducing Intelligence to the AML/CFT Environment
• Data analytics
• Visualization
• Link Analysis
• Risk scoring
• Outsourced solutions

About The Knowledge Group /The Knowledge Congress Live Webcast Series

The Knowledge Group is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. For further details, please visit: http://theknowledgegroup.org/