Shows
Captivated Audience: A Financial Crime PodcastIna Rothe, Managing Director and Founder, Co-managing director and Co-founder of ALL AML GmbH, (KYC and Germany's Transparency Register)Marie Lundberg and Sam Sheen are joined by Ina Rothe who explains the twists and turns of using Germany's Company Register (referred to as the Transparency Register) as part of the KYC process. Did you know that Germany has more than one register or that the information you want might be spread across several different registers? Or how about needing to pay to get access to some KYC information and the various exemptions that allow some legal entities to provide nothing at all? If you work with customers who have businesses using German legal entities, this episode is a g...
2021-08-1124 minCaptivated Audience: A Financial Crime PodcastJane Jee, Chair Kompli-Global Limited and Chair Project Financial Crime, Emerging Payments Association (UK)Jane Jee, Chair Kompli-Global Limited and Chair Project Financial Crime, Emerging Payments Association (UK) talks to Marie Lundberg and Sam Sheen about her involvement in the pre-consultation in her role with the Emerging Payments Association to urge the UK Government to engage more with RegTechs as part of their planned review of the Money Laundering Regulations and the plans in the UK for its well known corporate registry - Companies House. Jane shares the story of Kompli's evolution of its financial crime RegTech and how it has leveraged the data from Companies House to better detect odd things in...
2021-07-3124 minCaptivated Audience: A Financial Crime PodcastFinancial Crime - Compliance & Change: Alistair Catto, Managing Director, Beyond (United Kingdom) - Part 2 of 2Marie Lundberg and Sam Sheen are joined again by Al Catto, Managing Director of Beyond, to discuss all things change related when it comes to AML/CFT compliance programs. We start Part 2 by discussing the way in which FinTech's approach change and its impact on key AML projects; the importance of test planning to make sure the change you want has the intended impact, and the politics involved in major change initiatives. We also explore the risk of being too inflexible when it comes to your change plan, how it's unrealistic to expect it to all go perfectly and t...
2021-05-2316 minCaptivated Audience: A Financial Crime PodcastFinancial Crime - Compliance & Change: Alistair Catto, Managing Director, Beyond (United Kingdom)Ch-ch ch-ch changes! Al Catto joins Sam Sheen and Marie Lundberg to talk about his company, Beyond and their speciality - change transformation involving AML/CFT programmes. Turning around failed RegTech or even onboarding processes is no easy task. Al shares his insights on the good, the bad and the ugly when it comes to successfully implementing a transformation project. Want faster KYC? Streamlined CDD onboarding? Will KYC RegTech solve the cost of compliance every time? And where does customer data fit into all of this? Learn about the tips - and traps - that firms often fall into when...
2021-05-2017 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Innovators: David Christie, Chairman, Bleckwen (Paris) (recorded on 6 May 2021)David Christie, Chairman of Bleckwen, joins Marie and Sam to chat about the amazing world of behaviour detection and how Bleckwen has harnessed machine learning to better detect fraudulent and suspicious behaviour. With a name linked to a "truth serum", Bleckwen has been involved in some "deep truth" investigations dealing with better detection of complex fraud such as PPP fraud, where it is a challenge for banks with larger legacy systems. Credit origination fraud, synthetic ID fraud, and oddities in transaction monitoring patterns, according to David it's all about behaviour. Marie dives into the use of graph theory - d...
2021-05-1920 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Fighters: Cracking the Code of Free Trade Zones: Aamir Hanif, MLRO Stripe (United Kingdom)Sam Sheen and Marie Lundberg are joined by Aamir Hanif, a globe-trotting financial crime compliance expert, to talk about all things related to free ports and free trade zones. Having been identified as having an elevated risk for financial crime, Aamir explains how Free Trade Zone companies are operated, who controls them, accessing KYC information about their UBOs, while Marie raises a good point: Maybe when it comes to free ports, what do we need to do to "know your container". With reported risks of FTZ and the link connected to the volume of conterfeit goods traded in a co...
2021-05-1525 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Fighters: The New US AML Law - Elizabeth Slim, Senior Consultant, Volkov Law & ACAMS Co-Chair, Southern California Chapter (USA) Part 2Elizabeth Slim joins Sam Sheen and Marie Lundberg for part 2 to chat about the Anti-Money Laundering Act 2020 (AMLA) and how this significant reform will impact areas such as new protections for corporate whistleblowers that now includes MLROs, auditors or even an attorney, along with the upping of the payments made to them. They also consider whether an overseas staff member is protected under the AMLA if they blow the whistle on financial crime in their sister company in the US, an update on Virtual Asset Service Providers, antiquity dealers joining the regulated AML family and new provisions for enforcement...
2021-05-0920 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Fighters: The new US AML Law - Elizabeth Slim, Senior Consultant, Volkov Law & ACAMS Co-Chair, Southern California Chapter (USA) Part 1Elizabeth Slim joins Sam Sheen and Marie Lundberg to chat about the Anti-Money Laundering Act 2020 (AMLA) and how this significant reform will impact areas such as Beneficial Ownership rules, FinCen's planned review of the art market from an AML perspective and whether overseas businesses with subsidiaries in the US need to comply with these requirements. They also consider the not-so-simple UBO rules, when companies must register their owners and the many exemptions offered under the AMLA Act , expanded provisions for US government to obtain records from non-US banks and how they could lose their correspondent bank account if they...
2021-05-0919 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Fighters - Sanctions: Eric Sohn, Mr Watchlist Host and Dow Jones SME (United States)Eric Sohn joins Marie and Sam to talk about some recent decisions and fines imposed by the US sanctions regulator, OFAC, and their possible implications for firms and how they conduct sanction KYC and screening. This is a must listen to episode as Eric and Marie share their practical advice the different ways professionals can approach their list management practices, how they conduct sanctions KYC and what it means to take a risk-based approach.
2021-05-0520 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Innovation: KYC RegTech and IPA: Wayne Johnson, Co-Founder and CEO Encompass (recording on 1 April 2021)Marie Lundberg and Sam Sheen chat with Encompass Co-Founder and CEO Wayne Johnson currently in Australia, to chat about the goal of achieving a single digital risk profile of a customer, as part of a tech-enable financial crime prevention programme. Wayne explains the concept of "Intelligence Process Automation" or IPA, and how it's intended to make the onboarding process of customers more efficient and effective, while still detecting bad actors. And no chat about KYC would be complete without touching on the challenge of adverse media screening, the goal of having a "single KYC digital customer profile" and a "sho...
2021-04-0716 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Regulation: Sanctions - Iran & the EU Blocking Regulations - George Voloshin, Aperio IntelligenceSam Sheen and Marie Lundberg welcome George Voloshin back to the podcast, where they look at the European regulations that prevent businesses from refusing business on the grounds of needing to comply with the USA sanctions regulations related to Iran. George and the hosts look at court decisions where companies have been challenged by customers who've refused services or ended business relationships - and whether the reasons they gave were considered compliant with the EU Blocking Regulations. This podcast considers how contract clauses used in your customer agreements may clash with your firm's sanction compliance obligations under those Regulations. Wh...
2021-04-0715 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Regulation: Part 3 - Crowdfunding and Fraud - Opinion on Financial Crime Risks in the European UnionIn Part 3 of this series, Sam and Marie discuss the concerns that EU AML regulators continue to have around crowdfunding platforms - both as customers of financial institutions and as businesses in their own right. They also consider the EBA's assessment of fraud and related financial crime risks that have arisen in 2020 during the COVID pandemic - what should firms have been doing to mitigate those risks? What should regulators have been doing to keep supervising, despite lockdowns 1 -2 and now 3. And despite requiring Business Continuity Programs, could regulators have done more to ensure that firms were "risk ready" an...
2021-03-1518 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Regulation: Part 4 - Remote Onboarding and Brexit - Opinion on Financial Crime Risks in the European UnionIn the final part of the series, Marie and Sam discuss how remote onboarding has proven to be an essential lifeline for many businesses during the pandemic. However, the European Banking Authority's Opinion reflects that AML regulators in the EU are still concerned that businesses may not be onboarding customers in a way that effectively mitigates those classic "non face to face" financial crime risks. Hear what their proposal to address this is - and of course, no opinion would be complete without revisiting the UK's departure from the EU. Have those dreaded financial crime risks identified by the E...
2021-03-1507 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Regulation: Part 2 - FinTechs and Terrorist Financing- Opinion on Financial Crime Risks in the European UnionContinuing with a detailed review of the European Banking Authority's Opinion on the Financial Crime Risks facing financial services businesses in the EU, Sam and Marie discuss how FinTechs are still considered to pose an elevated financial crime risks in the EU, concerns around the use of remote onboarding and other RegTech and why the terrorist financing risks are not seen to have changed since 2019 and what's needed to address it. Sam and Marie also take a quick peak at what the newly revised Risk Factor Guidelines require when it comes to addressing terrorist financing, and its possible impact...
2021-03-1512 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Regulation: Part 1 - Virtual Currencies - Opinion on Financial Crime Risks in the European UnionAfter a short hiatus, Sam and Marie return and kick off 2021 with a detailed review of the European Banking Authority's Opinion on the Financial Crime Risks facing financial services businesses in the EU. Looking at the updated to the EBA's findings first published in 2019, Sam and Marie explain the methodology applied in assessing various financial crime risks and the measures the EBA proposes will help to mitigate them. Part 1 of this series looks at the EBA's assessment of the Cryptocurrency sector - and which types of businesses are thought to have the greatest financial crime risks when dealing with...
2021-03-1516 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Innovators: Araliya Samme, Head of Financial Crime, Featurespace (UK)Marie and Sam chat with Araliya Samme about her role at RegTech firm, Featurespace, the detection of unusual behaviour using machine learning as part of financial crime investigations to better detect and report suspicious activity, How behavioural analytics work in practice and why the 'one size fits all' approach to compliance monitoring is quickly becoming obsolete. They also explore the crime trends seen during the COVID crisis and how the use of money mules has been on the increase, where Araliya shares a case study on "inter-minglers" or customers who hold multiple bank accounts as a tactic to obscure the...
2020-11-0816 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Innovators: AI and Fraud Detection - Gavin Keeley, CEO Search 365 (Queensland, Australia)Gavin Keeley, CEO of Search 365 in Queensland, Australia joins Marie and Sam to chat about his company's search engine technology and his partnership with Basis Technology, Gavin's global work in the regulated insurance sector and how fraud risks have arisen for that sector during the COVID crisis and a solution formulated for one insurer when 980 000 Australians were made redundant, triggering a mass of insurance and all of their support centres were unstaffed due to COVD restrictions. How did they come to the rescue? You'll have to listen to find out how they 'just let the AI rip' , extracting data fro...
2020-11-0428 minCaptivated Audience: A Financial Crime PodcastFemale Crime Fighters: Elizabeth Slim, Senior Consultant, Volkov Law & ACAMS Co-Chair, Southern California Chapter (USA)Elizabeth Slim joins Marie Lundberg and Sam Sheen to chat about the recent FinCen Guidance on politically exposed persons ("PEPs") in the USA and how it differs from similar regulations in the UK, her work in founding her local ACAMS Chapter. Elizabeth chats about the PEPs identified in the FinCen leaks, the changes to PEP lists anticipated following the US election and what financial institutions need to do now to stay ahead of the game.
2020-10-1815 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Innovators - Biometrics: Vincent White and John Lloyd, FacePoint (UK/ USA)Marie and Sam chat with Vincent and John from Facepoint about identity fraud concerns including identity impersonation versus identity theft, tactics used by fraudsters to conceal their identity, data and risks related to demographic data discrimination, and how biometric technology is being used to detect and disrupt fraudsters and other illicit actors.
2020-10-1820 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Case Studies: FinCen Leaks - Now What? Marie Lundberg and Sam Sheen (October 2020)Just like the recent raining weather, yet more leaks have taken place in the financial crime community. Sam Sheen interviews Marie Lundberg on how financial institutions have and should respond when data leaks occur, lessons learnt from the 2016 Panama Papers leaks and what Marie would look for as an internal auditor if she was assessing how your firm dealth with this most recent piece of adverse media. Is there a silver lining on this otherwise rainy day piece of news? Listen in to find out!
2020-10-0716 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Fighters - Investigations: Dr Annalise Vineer, Subject Matter Expert (UK)Dr Annalise Vineer joins Sam Sheen and Marie Lundberg for a chat about the thorny issue of financial crime investigations - are banks hitting the mark? What causes their investigations to "fail"? Why are relationship managers so critical to an effective investigation? Annalise also explains why knowing how and what to ask bank personnel AND customers is not a skill to be taken for granted and what can be done to make those SARs more useful for law enforcement.
2020-10-0723 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Innovation: Adverse Media Screening - Ben McKee, Basis Technology (Northampton, UK)Marie Lundberg and Sam Sheen chat with Ben McKee about why natural language processing is the "secret sauce" behind effective adverse media screening as part of a good financial crime compliance programme,"googling" for bad news, using artificial intelligence to search from adverse media semantic meaning to better pinpoint relevant adverse media, lessons learnt from the 1MDB case, a recent complex COVID fraud case involving the use of social media promotion, real life financial crime cases detected through adverse media screening and whether it's possible to undertaken adverse media screening across multiple languages and some sage advice on how...
2020-09-3026 minCaptivated Audience: A Financial Crime PodcastAML Innovation - Transaction Monitoring: Francisco Mainez, Head of Data and Analytics, Business Financial Crime Risk, HSBC (London, September 2020)Marie Lundberg and Sam Sheen chat with Francisco Mainez, on his career transition from military intelligence to financial services technology, the role of Data Analytics in a financial institution and how it supports financial crime investigations, moving towards a more effective transaction monitoring methodology by moving from a rules-based approach to one based on machine-learning, whether "one size fits all" approach to transaction monitoring rules works for firms with a global reach, mitigating the potential risks of customer risk profiling that may lead to financial exclusion for some consumers. Francisco also talks about the recent pilot his team is...
2020-09-1918 minCaptivated Audience: A Financial Crime PodcastAML Innovators: Computational linguistics, semantic similarities and name / text screening - Chris Brown, VP International Basis Technology (UK)Chris Brown, VP International Basis Technology chats with Marie Lundberg and Sam Sheen about his career move from professional footballer to financial crime technology innovation, the age old problem of screening customer names, transliteration and the Boston Bombers, links between PEPs and their family members, use of computational linguistics, the challenges of screening using phonetics alone, shedding the "black box" approach as a technology provider, and and criminals creative use of lexicons and how Basis' technology uncovers semantic similarities to detect nefarious communications. Think you can avoid detection by referring to "barbeques" instead "laundering" in phone texts or emails...
2020-09-1331 minCaptivated Audience: A Financial Crime PodcastAML Innovators: KYC, TM and Behavioural AI - Gudmundur Kristjansson & Justin Bercich, Lucinity (Reykjavík, Iceland) Recorded on 3 July 2020)Gudmundur Kristjansson, Founder and CEO of Lucinity and its Principal Data Scientist Justin Bercich chat with Sam Sheen and Marie Lundberg about their company's offering of "Human AI", and how its behavioural analytics technology is helping analysts to better detect possible financial crime activity, beyond traditional transaction monitoring techniques. The group chat about the hosts beloved topics - data, privacy - and learn about Lucinity's use of homomorphic encryption, while sharing a story of how their technology had helped to detect suspicious activity in real life. And Lucinity's motto raises an interesting question: You know where your avocados are s...
2020-07-0818 minCaptivated Audience: A Financial Crime PodcastKYC, CDD and Open Source Data - Chris Taggart, CEO and CO-Founder, OpenCorporates (UK, recorded on 26 June 2020)Chris Taggart, CEO and Co-Founder, OpenCorporates joins Marie Lundberg and Sam Sheen for a chat about the work of OpenCorporates, the biggest open company database in the world, their recent report " EU Company Data: State of the Union 2020 How poor access to company data is undermining the European Union", the importance of data access and aggregation, investigation of nefarious actors hiding behind corporate structures, the importance of transparency and public access to deterring the misuse of companies by illicit actors and the real financial cost to financial institutions trying to access some company registry data here in Europe and...
2020-07-0121 minCaptivated Audience: A Financial Crime PodcastAML Innovators: KYC, Screening, Investigations and Biometrics - Vincent White, UK Director, Facepoint (United Kingdom, recorded on 15 June 2020)Vincent White, UK Director, Facepoint chats with Marie Lundberg and Sam Sheen about the use of biometrics and facial recognition technology for KYC and in the detection of illicit actors; the future of biometrics as a component of customer due diligence, its use in improving sanction screening results and screening in general, GDPR and privacy considerations and whether make-up, tattoos or plastic surgery can be used to confound biometric matching.
2020-06-2412 minCaptivated Audience: A Financial Crime PodcastAML Innovators: Continuous KYC and Data Aggregation - David Buxton - Part II CEO and Founder, ArachnysMarie and Sam continue their discussion with David about how to find CDD or adverse media about an "invisible" or "disappearing" clients, the potential for continuous KYC, the use of recall with trade data to generate risk signals across large global populations to detect trade-related financial crime; whether to Google or not to Google search for KYC purposes and focusing on the real problem to solve in order to make data-driven decisions. And why Carrie Mathison from Homeland (tv character) might not make the best AML investigator.
2020-06-2112 minCaptivated Audience: A Financial Crime PodcasteKYC, Digital Identity and eIDAS - Eric Wagner - Part II- Head of Financial Crime, Erste Group (Austria, recorded on 12 June 2020)Part II of Sam Sheen and Marie Lundberg's discussion with Eric Wagner, Head of Financial Crime, Erste Group where they review the changes that the Working Group have proposed to eIDAS and EU AML regulations to allow for greater reliance by financial institutions on eKYC, the absence - and importance - of a single standard on eKYC - and the many different groups working separately on their own set of standards and why cracking the problem of KYC in Europe is fundamental to its future as a digitally enabled economy.
2020-06-2116 minCaptivated Audience: A Financial Crime PodcastKYC and Onboarding: Charlie Roberts, Head of UK and EU, IDNow (the Wirrall, England, recorded on 15 June 2020)Charlie Roberts, Head of UK and EU, IDNow (the Wirrall, England, joins Sam Sheen and Marie Lundberg to chat about this company's eKYC technology and the use of live video verification across the Benelux region and beyond, detecting possible duress by IDNow's agents to mitigate the risk of illicit actors pressuring innocent individuals to open accounts on their behalf and why it's best not to include your emotional support alpaca when applying for an online account.
2020-06-2112 minCaptivated Audience: A Financial Crime PodcastTax Evasion & AML KYC - Detecting Financial Crime: Mark Gilmartin, Senior Tax Advisor, Efficient Frontiers International Limited (Scotland, UK recorded on 17 June 2020)Mark Gilmartin, Senior Tax Advisor, Efficient Frontiers International Limited chats with Sam Sheen about the connection between AML KYC and tax KYC in relation to legal entities and shares some interesting case studies illustrating the tactics used by different actors to conceal their identity for tax purposes while also laundering the proceeds of crime.
2020-06-1716 minCaptivated Audience: A Financial Crime PodcasteKYC, Digital Identity and eIDAS - Eric Wagner, Head of Group Financial Crime, Erste Group (Austria, Recorded on 12 June 2020)Eric Wagner, Head of Group Financial Crime, Erste Group talks with Sam Sheen and Marie Lundberg about his role as rapporteur of the European Commission Working Group on eKYC and the possible expansion of the eIDAS programme for use by the private sector for KYC in the future. Eric shares his insights on the key changes needed to allow financial institutions to rely on electronic ID verification across the EU and why the best route to achieving regulatory change is pure logic.
2020-06-1715 minCaptivated Audience: A Financial Crime PodcastAML Collaboration: Detection and Disruption of Financial Crime - Nick Maxwell, Head of FFIS research partnership between the RUSI Centre for Financial Crime & Security Studies and NJM Research (UK, recorded on 9 June 2020)Nick Maxwell, Head of FFIS research partnership between the RUSI Centre for Financial Crime & Security Studies and NJM Research chats with Marie Lundberg and Sam Sheen about public -private partnerships establishing and developing across the globe to exchange valuable information for the detection and prevention of financial crime, both at the national level and across jurisdiction. Nick shares his research into the important elements for the successful collaboration between the public and private sector and how PPPs can scale up to include a broader scope of the private sector community.
2020-06-1415 minCaptivated Audience: A Financial Crime PodcastAML Innovators: Open Source Data, Aggregation and CDD - David Buxton, CEO and Founder, Arachnys Information Services Limited - Part I (UK, recorded on 4 June 2020)David Buxton, CEO and Founder, Arachnys Information Services Limited chats with Marie Lundberg and Samantha Sheen in Part I of his podcast about the importance of data in detecting and preventing financial crime, single source of truth approach for data aggregation, the spectrum of data sources relevant for financial crime prevention, desktop RPAs and bots, best practices for leveraging open source data, the challenges in relation to sanction lists and other structured data and the essential role of the analyst in "devining" the reliability of unstructured data sources.
2020-06-1415 minCaptivated Audience: A Financial Crime PodcastJeff Bateman, Director of Operations, Efficient Frontiers International Limited - Part II (UK recorded on 26 May 2020)Jeff Bateman, Director of Operations of EFI Limited continues his discussion with Sam Sheen about his work on the KYC Utility Clarience, challenges and lessons learnt from it, the dilemma faced with address data, facing up to effective resourcing around KYC reviews and remediation timelines, the importance of combining human and automation tools and how EFI provides its clients with support for this approach, his team's most essential asset and the most important considerations for him in easing out from under the social distancing restrictions at work. Jeff also explains why updating your KYC procedures is like course correcting...
2020-06-1013 minCaptivated Audience: A Financial Crime PodcastAdam McLaughlin, EMEA Head of Financial Crime Solutions, NICE Actimize (UK, recorded on 5 June 2020) onAdam McLaughlin, EMEA Head of Financial Crime Solutions, Nice Actimize chats with Sam Sheen and Marie Lundberg about his career in financial crime prevention including his time as a police officer, his work with the UK public-private partnership initiative JMLIT and the capital markets group, the innovative tools developed by NICE Actimize to detect and report on financial crime and how in one case it detected an interesting case involving the possible misuse of products in the insurance sector. They also chat about the challenges of SARS, their conversion into meaningful investigations, some great tips for businesses deciding which...
2020-06-1013 minCaptivated Audience: A Financial Crime PodcastJeff Bateman, Director of Operations, Efficient Frontiers International Limited (UK recorded on 26 May 2020)Jeff Bateman, Director of Operations, Efficient Frontiers International Limited chats with Sam Sheen about the alchemy of operationalising KYC requirements, the importance of maintaining nimble operations, the black hole of time for KYC reviews, the importance of aligning operations and compliance when discussing AML-related remediation projects and how to maintain positive regulator engagement and trust.
2020-06-0812 minCaptivated Audience: A Financial Crime PodcastBen Marsh, Chief Executive, iMeta Technologies Limited Part II (Shropshire, recorded on 19 May 2020)Ben Marsh, Chief Executive, iMeta Technologies Limited joins Sam Sheen and Marie Lundberg for Part II of his podcast. They discuss an iMeta project involving the mapping of customers across business lines in terms of their trading activities and what this disclosed, the future of managed services for conducting KYC by financial institutions, whether the regulation of KYC technology providers might be on the horizon, iMeta's work with the Nordics KYC Utility and the next exciting thing on the RegTech horizon.
2020-05-2711 minCaptivated Audience: A Financial Crime PodcastMartin Walker, Consultant, I&DM Advisors - Part II, (Stockholm, Sweden recorded on 19 May 2020)Martin Walker, Consultant, I&DM Advisors, (Stockholm, Sweden recorded on 19 May 2020) chats with Sam Sheen and Marie Lundberg for Part II of his podcast where they share experiences about epic technology project "fails" in their careers and projects don't make it to the finish line, the Nordics KYC Utility, the complexities of data management and reliable data sources and the importance of the corporate registers for KYC purposes. They also talk about the "golden rule" on the consistent use of the same identifiers to achieve cross jurisdictional KYC activities. And always, we talk the importance of data - and ho...
2020-05-2715 minCaptivated Audience: A Financial Crime PodcastAML Technology: Detection, Investigation and Analytics - Christopher Ghenne, Global Lead - Banking Compliance Solutions - SAS (Brussels, recorded on 19 May 2020)Christopher Ghenne, Global Lead - Banking Compliance Solutions - SAS joins Marie Lundberg and Sam Sheen to chat about how he supervises 600 team members across 50+ countries over the restricted period, the evolution of the SAS transaction monitoring tool and its use of big data, the use of advanced analytics and text mining and analysis of unstructured data for sanctions screening. They also discuss the challenges of sanctions screening and the dance between transaction monitoring and name screening and why text mining makes it move more smoothly across the compliance dance floor. If you have ever wondered how to set...
2020-05-2714 minCaptivated Audience: A Financial Crime PodcastMartin Walker, Consultant, I&DM Advisors, (Stockholm, Sweden recorded on 19 May 2020)Martin Walker, Consultant, I&DM Advisors talks with Marie Lundberg and Sam Sheen about working as a British ex-pat in Sweden, the importance of business architecture and the supporting role of the IT function, the importance of understanding how data flows and its use inside a financial institution, the challenges of data aggregation, the importance of understanding the difference between data at rest and data in motion and the move towards event-based processing for AML purposes and how timing is everything when it comes to data processing. And his recent role as the interim CIO for the Nordics KYC...
2020-05-2416 minCaptivated Audience: A Financial Crime PodcastBen Marsh, Chief Executive, iMeta Technologies Limited (Shropshire, UK recorded on 19 May 2020)Ben Marsh, Chief Executive, iMeta Technologies Limited chats with Marie Lundberg and Samantha Sheen about accelerating customer journeys, client lifecycle management, the move from process driven AML compliance to data driven financial crime prevention, the importance of being able to move data electronically for KYC purposes, the transparency of external data sources such as company registers and their accessibility along with the concept of "continuous KYC".
2020-05-2411 minCaptivated Audience: A Financial Crime PodcastAML Technology: Transactions, pattern detection and networks - Alexon Bell, Executive Director & CPO, Quantexa (UK, recorded on 15 May 2020)Alexon Bell, Executive Director & CPO, Quantexa chats with Marie Lundberg and Sam Sheen about entity resolution, data curation, transaction pattern detection, the importance of context, cases Quantexa has helped with involving trade based money laundering, correspondent banking and the importance of understanding networks of relationships in detecting and preventing financial crime.
2020-05-2014 minCaptivated Audience: A Financial Crime PodcastWomen Fighting Financial Crime: Denisse Rudich, Founder, Rudich Advisory (UK, recorded on 13 May 2020)Denisse Rudich, Founder, Rudich Advisory, speaks with Marie Lundberg and Sam Sheen about her career in banking, FinTech and AML/CFT compliance, working with an NGO, the role of the G7 in relation to AML regulation of cryptocurrencies, her upcoming project that's keeping it in the family - ELEMENTARYb and why Angela Merkel rocks the power suit.
2020-05-1715 minCaptivated Audience: A Financial Crime PodcastAML Innovators: KYC, Privacy and Homomorphic Encryption: Dr Ellison Anne Williams, CEO and Founder, Enveil (Washington D.C. USA, recorded on 12 May 2020)Dr Ellison Anne Williams, CEO and Founder, Enveil (Washington D.C. USA,on the securing of data in use, the data security triad, the "holy grail" of cryptography - homomorphic encryption, how it works, its use for securely sharing data for the detection and prevention of financial crime, the potential for cross-jurisdictional information sharing while still protecting personal information, sweeping the 2019 AML Techsprint co-hosted by the UK and USA regulators and dispelling the dreaded "black box" concern of regulators around how AML/CFT RegTech works.
2020-05-1716 minCaptivated Audience: A Financial Crime PodcastTax KYC, Technology and Collaboration: Jayne Newton & Joanna Ricketts, Efficient Frontiers International (UK, Recorded on 8 May 2020)Jayne Newton & Joanna Ricketts, Efficient Frontiers International talk about their collaborative working experience on developing in-house compliance RegTech, overcoming user skepticism, building a strong relationship between compliance and technology teams and lessons learnt on building a successful RegTech tool so you don't deliver a "blue bungalow" (you'll have to listen to find out!).
2020-05-1318 minCaptivated Audience: A Financial Crime PodcastTax Evasion Subject Matter Gurus: Mark Gilmartin, Expert Tax Advisor, Efficient Frontiers International (UK, recorded on 1 May 2020)Mark Gilmartin, Expert Tax Advisor, Efficient Frontiers International chats with Sam Sheen about the different financial crime tactics used to commit tax evasion, from the structuring of products like film financing schemes, tax evaders from your 90 year old granny who does not want to pay her taxes to unwitting beneficiaries of complex trust arrangements, challenges of distinguishing between tax avoidance and tax evasion and a great list of tax evasion red flags to look out for. And Sam and Mark consider the magic ingredient to achieving AML-Tax KYC harmonisation across Europe and further afield.
2020-05-1008 minCaptivated Audience: A Financial Crime PodcastKYC, Transaction Monitoring and Economic Sanctions: George Voloshin, Corporate Intelligence and Investigation Specialist, Aperio Intelligence, (Paris, recorded on 27 April 2020)George Voloshin, Corporate Intelligence and Investigation Specialist, Aperio Intelligence joins Marie Lundberg and Sam Sheen where they look at secondary sanctions, sectoral sanctions imposed on Russia and our Part III on the Swedbank case on the observations made in the Clifford Chance investigation report about transactional activity and sanctions compliance. Iran, Crimea, Cuba - things that make you go hmm?
2020-05-1009 minCaptivated Audience: A Financial Crime PodcastTax Evasion Subject Matter Gurus: Mark Gilmartin, Expert Tax Consultant, Efficient Frontiers International (UK, recorded on 1 May 2020)Mark Gilmartin, Expert Tax Consultant, Efficient Frontiers International, takes Sam through her paces on why tax KYC matters, how to work with it in conjunction with AML/CFT KYC requirements and why the new 5th Anti-Money Laundering Directive (5AMLD) requirements are so important to the detection and prevention of financial crime.
2020-05-0614 minCaptivated Audience: A Financial Crime PodcastAML Training and Ongoing Awareness: EFI Limited Case Study: Sometimes Life is Not a Box of Chocolates - Research Grant FraudSam Sheen chats with Matthew Pedley-Thomson about an elaborate fraud scheme involving the misuse of government grants, student accounts carrying cash to Iran, a Mazarati sports car and why you never can fool a money sniffer dog at the airport.
2020-05-0616 minCaptivated Audience: A Financial Crime PodcastAML Subject Matter Gurus: George Voloshin, Corporate Intelligence and Investigation Specialist, Aperio Intelligence, (Paris, recorded on 27 April 2020)George Voloshin, Corporate Intelligence and Investigation Specialist, Aperio Intelligence, joins Marie and Sam to discuss Sectoral Sanctions and tactics used to evade their restrictions, red flags, screening tips and the importance of beneficial ownership of legal entities and the Swedbank case information about sanctions compliance.
2020-05-0314 minCaptivated Audience: A Financial Crime PodcastEric A. Sohn, Global Market Strategist and Product Director, Mr Watchlist Curator (USA recorded on 22 April 2020)Eric A. Sohn, Global Market Strategist and Product Director, Mr Watchlist Curator chats with Sam Sheen and Marie Lundberg about his favourite sanction cases over the last year, the important lessons to learn from them and the importance of not cutting corners when it comes to having an effective sanctions compliance programme.
2020-05-0309 minCaptivated Audience: A Financial Crime PodcastWomen Fighting Financial Crime: Namita Bhide, Managing Director, Denim Consulting (Singapore, Recorded on 28 April 2020)Namita Bhide, Managing Director, Denim Consulting talks to Marie Lundberg and Sam Sheen about her Banking and Technology expertise, effective project management and the importance of people and persuasion to the successful implementation of financial crime RegTech.
2020-05-0116 minCaptivated Audience: A Financial Crime PodcastAML Subject Matter Gurus: Eric A Sohn, Global Market Strategist and Product Director, Dow Jones Risk & Compliance; & "Mr. Watchlist" curator (USA, recorded on 22 April 2020)Eric A Sohn, Global Market Strategist and Product Director, Dow Jones Risk & Compliance; & "Mr. Watchlist" curator chats with Sam Sheen and Marie Lundberg about economic sanctions, their restrictions, screening lists and demystifying how secondary sanctions actually work and... cashews.
2020-04-2912 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Prevention Leadership: Peter Oakes, Non-Executive Director Services, Central Banking. Regulatory, FinTech, RegTech, GDPR and Brexit (Ireland, recorded on 22 April 2020)Peter Oakes, all-round financial crime and FinTech subject matter expert and former Central Bank of Ireland regulator, chats with Sam Sheen and Marie Lundberg about the role of non-executive directors and oversight during the Corona-crisis, Ireland's FinTech industry, the great "wet signature" debate, rolling back into "business as usual" and communicating regulatory expectations when it comes to AML/CFT compliance activities. And, of course, a quick word on Brexit.
2020-04-2511 minCaptivated Audience: A Financial Crime PodcastJayne Newton, Practice Lead, Efficient Frontiers International Limited (Leeds, recorded on 23 April 2020)Jayne Newton, Practice Lead at Efficient Frontiers International Limited, chats with Sam Sheen about the Blue Print Report by the European Banking Federation (EBF) on how the EU and bolster its AML framework and how, in practical terms, tax KYC can improve the accuracy of customer due diligence information collected to detect and prevent money laundering.
2020-04-2415 minCaptivated Audience: A Financial Crime PodcastAML Training and Ongoing Awareness: EFI Limited Case Study: The Amberscam: GemcoinEFI Limited's Ramway Weir joins Sam Sheen as they analyse the tactics by illicit actors behind the Gemcoin scam - a multi-level marketing pyraponzi scheme, the measures used to conceal both the inflow of funds from unsuspecting investors and how those proceeds were misused by the parties involved.
2020-04-2429 minCaptivated Audience: A Financial Crime PodcastWomen Fighting Financial Crime: Rachel Waldren, Partner, Murray Waldron Consulting (Melbourne, Australia, recorded 21 April 2020)Rachel Waldren, Partner, Murray Waldron Consulting speaks with Sam Sheen and Marie Lundberg about AML compliance in Australia, the sector benefiting most from Fincrime RegTech, the evolving application of the risk-based approach and showing support for small communities following the fires earlier this year.
2020-04-2315 minCaptivated Audience: A Financial Crime PodcastKYC Utilities in Action: Tim Andrews, Founder & Director, The ID Register (Guernsey, recorded on 21 April 2020)Tim Andrews, Founder & Director, The ID Register talks with Sam Sheen and Marie Lundberg about creating a KYC Utility for investment customers, operationalising a multi-jurisdictional KYC RegTech, whether regulations can be technologically agonistic and what has allowed The ID Register to thrive when other utilities have bit the dust.
2020-04-2217 minCaptivated Audience: A Financial Crime PodcastAML Collaboration: Risk Based Planning and Preparation - James Nurse, Managing Director, Fintrail (UK, recorded on 16 April 2020)James Nurse, Managing Director, Fintrail talks to Sam Sheen and Marie Lundberg about Part II of Fintrail's research into the use of social media for financial crime, including the recruitment of money mules and results of FinTrail's FFE member survey on pandemic planning for FinCrime, looking at the iterative process of maintaining an appropriate and effective risk-based continuity plan to detect and disrupt financial crime.
2020-04-1912 minCaptivated Audience: A Financial Crime PodcastAML Training and Ongoing Awareness: EFI Limited Case Study: Merchants, Miners and Mules: the Bayrob CaseSam Sheen is joined by Craig Wright of EFI Limited to examine the Bayrob case and the financial crime scheme involving online auctions, money mule recruitment and moving millions without detection from the USA to Eastern Europe.
2020-04-1925 minCaptivated Audience: A Financial Crime PodcastWomen Fighting Financial Crime: Joanna Ricketts, Technology Lead Efficient Frontiers International Limited (London, recorded on 16 April 2020)Joanna Ricketts, Technology Lead at EFI Limited, speaks with Sam Sheen on EFI's upcoming release of its AML "tax tech", her role as leader of a technology development team and how she's helping a local charity using her technology know-how.
2020-04-1911 minCaptivated Audience: A Financial Crime PodcastTomo Whinstanley - Director, Client Onboarding Transformation Lead, Deutsche Bank (London/Global recorded on 4 April 2020)Tomo Whinstanley - Director, Client Onboarding Transformation Lead, Deutsche Bank, joins Sam Sheen and Marie Lundberg to discuss building an eKYC platform across multiple jurisdictions, designing an "agonistic" onboarding tool to operate across business lines, pros and cons of KYC "bots", roll out strategies and the importance of data configuration.
2020-04-1915 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Prevention Leadership: Karl-Johan Karlsson, Head of Compliance, Handelsbanken and Co-Chair ACAMS Nordics Chapter (Denmark, recorded on 24 March 2020)Karl-Johan Karlsson, Head of Compliance, Handelsbanken & Co-Chair ACAMS Nordics Chapter on navigating the choppy waters of remote working arrangements, keeping connected and the importance of flexibility when it comes to accommodating the work/home environment.
2020-04-1507 minCaptivated Audience: A Financial Crime PodcastAML Innovators: Unsupervised Machine Learning - ThetaRay - Mark Sully and Yaron Hazan (UK/Israel, recorded on 7 April 2020)ThetaRay - Mark Sully and Yaron Hazan discuss with Marie and Sam the use of unsupervised machine learning and AI to detect patterns of illicit activity, detecting unexpected activity related to terrorist financing, illegal gambling networks and working on the Russian laundromat case.
2020-04-1519 minCaptivated Audience: A Financial Crime PodcastThe Swedbank Case - High Risk Customers and KYC (Sweden/UK recorded on 6 April 2020)The Swedbank Case - High Risk Customers and KYC Marie Lundberg and Samantha Sheen and a special guest examine high risk non-resident customers, playing hide and seek with UBOs of complex structures, how to use a "wallet company" to conceal financial activity and the operational realities of off boarding some high risk customers.
2020-04-1523 minCaptivated Audience: A Financial Crime PodcastThe First 18 DaysThe podcast team review the highlights of the first 18 episodes covering a whole host of financial crime prevention topics and some heart-warming insights from podcast participants.
2020-04-1309 minCaptivated Audience: A Financial Crime PodcastWomen Fighting Financial Crime: Susanna Mills, Lead Anti-Financial Crime Specialist, OP Financial Group (Finland, on 6 April 2020)Sam and Marie speak to Susanna Mills, Lead Anti-Financial Crime Specialist, OP Financial Group about some of Finland’s financial crime risks, transaction monitoring technology and the experience of transitioning to a new agile working model.
2020-04-1311 minCaptivated Audience: A Financial Crime PodcastTax Evasion Leaders in Action: Jayne Newton Practice Lead at Efficient Frontiers International (Leeds, UK on 5 April 2020)Sam Sheen and Jayne Newton discuss tax KYC requirements introduced by the 5AMLD, the (zb) amendment to the UK's Anti-Money Laundering Regulations and how the new tax KYC requirements would apply to some of the customers described in the Swedbank case.
2020-04-0917 minCaptivated Audience: A Financial Crime PodcastAML Leaders in Action: Alexandre Pinot, MLRO and Head of Vilnius Office, Sonect (Lithuania, on 31 March 2020)Alexandre Pinot, MLRO and Head of Vilnius Office, Sonect on his global team, the use of cash and Coronavirus, regulatory support in Lithuania and mitigating the risk of business interruption due to staff illness.
2020-04-0914 minCaptivated Audience: A Financial Crime PodcastJohn Paul Eaton and Ricky Virdee, Executive Coach, Raising Your Game (UK, on 8 April 2020)John Paul Eaton and Ricky Virdee, Executive Coach, Raising Your Game (UK, on 8 April 2020) joins the podcast to share their expertise on NLP measures to help with stress, anxiety, communication and those never-ending "proof of life" video calls for work.
2020-04-0918 minCaptivated Audience: A Financial Crime PodcastAML Leaders in Action: Ketil Clorius, FVP Head of Global Fraud Managment, Danske Bank (Denmark, on 5 April 2020)Ketil Clorius, FVP Head of Global Fraud Managment, Danske Bank talks about his global fraud prevention team, the Bank's initiative to raise awareness about the recruitment of children as account mules to launder the proceeds of crime, the rise in social engineering fraud and balancing the need to provide consumers to with access to funds and mitigating the risk of criminals abusing current Corona Government assistance programs.
2020-04-0921 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Prevention Leadership: Ulrika Valassi, Head of Credit at DBT (Recorded on 24 March 2020, Stockholm, Sweden)Ulrika Valassi, Head of Credit at DBT on the challenges for Swedish SMEs, the importance of teamwork, “sticking to your knitting” to mitigate financial crime risks and DBT’s initiative to support the Swedish Government during these uncertain times.
2020-04-0515 minCaptivated Audience: A Financial Crime PodcastJayne Newton Practice Lead at Efficient Frontiers International (Leeds, UK on 30 March 2020)Jayne Newton Practice Lead at Efficient Frontiers International. provides an easy to follow tutorial on tax KYC, its key requirements and how its importance to the new 5AMLD KYC review requirements.
2020-04-0521 minCaptivated Audience: A Financial Crime PodcastFinancial Crime Collaboration: Greg Wlodarczyk, Senior Consultant at Fintrail (London, UK on 30 March 2020)Greg Wlodarczyk, Senior Consultant at Fintrail on the importance of technology and people for FinTechs, the FinTech Financial Crime Exchange (FFE), how changes in consumer behaviour affect AI and transaction monitoring and Fintrail’s survey results on the business continuity activities of the FinTech community.
2020-04-0515 minCaptivated Audience: A Financial Crime PodcastAML Leaders in Action: Paul Burleton, Associate Director at Lysis Group (Cardiff, Wales on 25 March 2020)Paul Burleton, Associate Director at Lysis Group, on financial institutions BCPs, capital market crime risks, remote AML reviews and fraud risk mitigation.
2020-04-0513 minCaptivated Audience: A Financial Crime PodcastAML Leaders in Action: Erik Morgan, Managing Director, Global Due Diligence, Royal Bank of Canada I&TS (London. Recorded 25 March 2020)Erik Morgan, Managing Director, Global Due Diligence, Royal Bank of Canada I&TS (London. Recorded 25 March 2020)Sam and Marie discuss with Erik the relevance of market activity to transaction monitoring and understanding customer activity, the art of remotely motivating a global team and the importance of keeping alert to unanticipated financial crime risks.
2020-04-0117 minCaptivated Audience: A Financial Crime PodcastAML Leaders in Action: Gregory Dellas, Chief Compliance and Innovation Officer, ECOMMBX (Cyprus, Recorded 25 March 2020)Gregory Dellas, Chief Compliance and Innovation Officer, ECOMMBX (Cyprus, Recorded 25 March 2020)Sam and Marie discuss with Greg payment fintechs, innovation, uptake of mobile banking channels, risk management, and the sense of community in Cyprus and the irony of wanting to visit with others now that we can't.
2020-04-0116 minCaptivated Audience: A Financial Crime PodcastEFI Limited Case Study Podcast: It's a Family Affair - The Stratos Sanctions CaseCase Study Podcast: It's a Family Affair - The Stratos Sanctions Case 1st case study of our podcast series analyses the tactics used to circumnavigate transaction monitoring tools to allow money to flow from Venezuela to Iran without detection. Looking at the tricks employed to conceal the true beneficial owners, this case is a great illustration of how sanctions restrictions can still be dodged without the use of stripping data from payment instructions.
2020-04-0137 minCaptivated Audience: A Financial Crime PodcastThe Swedbank Case - Transaction Monitoring - Thresholds, Scenarios and Customer ActivityThe Swedbank Case - Transaction Monitoring - Thresholds, Scenarios and Customer Activity. Following the fine imposed on Swedbank in March 2020, hosts Sam & Marie examine the way transaction monitoring technology was calibrated, risk factors used by the tool, and what the Swedish FSA expects of financial institutions when it comes to using automated monitoring systems
2020-03-3118 minCaptivated Audience: A Financial Crime PodcastAML Leaders in Action: Nassos Paltayian, Head of Compliance & Information Security Officer, Abacus Limited (Cyprus, Recorded 24th March 2020)Nassos Paltayian, Head of Compliance & Information Security Officer, Abacus Limited. Sam & Marie discuss the COVID-19 restrictions in place in Cyprus, scam calls from North Korea, regulatory expectation, information security, and looking after the family in finding the beauty in the small things.
2020-03-3115 minCaptivated Audience: A Financial Crime PodcastAML Leaders in Action: Matt McGuire, Co-Founder & Practice Leader The AML ShopMatt McGuire of The AML Shop on Canada's changing AML's laws, BCP planning,criminal minds taking advantage of this current environment, and keeping in touch with your colleagues. Take advantage of the time to ramp up your knowledge on topics such as crypto-currency.
2020-03-3013 min2020-03-2901 minCaptivated Audience: A Financial Crime PodcastAML Subject Matter Gurus: Economic Sanctions and OFAC - Jason Rhoades, KPMG (USA) - OFAC, sanctions KYC, and evasion tacticsJason Rhoades, Senior Manager, KPMG on OFAC sanctions, sanctions KYC, monitoring of trade activities, detection of evasion tactics, ongoing training and working towards a common goal. Recorded on 23rd March 2020 (Washington DC, USA)
2020-03-2815 minCaptivated Audience: A Financial Crime PodcastTina Sorqvist, HR Professional (Sweden) - work, remote supervision and "cabin fever"Tina Sorqvist, HR Professional on working from home, evaluating work performance during self-isolation, remote supervision advice and mitigating the risk of "cabin fever" using the Pomodoro technique. Recorded on 23rd March 2020 (Stockholm Sweden).
2020-03-2816 minCaptivated Audience: A Financial Crime PodcastAML Leaders in Action: Samar Pratt, Managing Director, Exiger, on Tech-enabled working, audit planning, Corona-fraud, & "New BAU"Samar Pratt, Managing Director, Exiger on financial crime risk management capabilities, tech-enabled working, audit planning, Corona-fraud and the "New BAU". Recorded on 24th March 2020. (lLondon, UK)
2020-03-2814 min