[Roundtable] How to Prevent Identity Fraud at Account Opening

Areas to cover:

• • Synthetic Identity
  • Identity Theft/Fraud
  • What are the causes and enablers of Identity
  • What are they being used for/which type of frauds?
  • How do FI's combat it?

Naureen Ali

Rob Tharle

Combatting FinCrime – leveraging innovative data signals to mitigate risks and threats posed by anonymous online activity

Bad actors will always try to hide their true identity, whether that’s using a VPN to hide their location or using stolen credentials to enable their financial crimes. This anonymity is the shield that bad actors hide behind to perpetrate their illegal activity.

In this roundtable Q/A session, we’ll discuss:

• Cracks in customer/client/merchant on-boarding processes that bad actors are exploiting
• New data signals, such as location data, that can be utilized in risk engines and other fraud detection processes
• The increased regulatory focus on innovation and technology to drive effective AML compliance

Pandemic of Scams - Fighting Unemployment Fraud and Preparing for the Next Wave

During COVID lockdowns, national and state governments pumped money into economic relief programs with remarkable speed, and fraudsters moved nearly as fast to exploit the same programs for breathtaking ill-gotten gains. In the US, state unemployment programs were hit with fraud on a vast scale, with billions of estimated losses tied to domestic grifters and international organized crime groups. This epidemic of fraud has major implications for financial institutions, which have been faced with stopping false claims, collaborating with law enforcement and even returning fraudulent funds. In this session, two professionals who have been on the front lines of unemployment fraud prevention give their guidance on what they have seen, advice on how to protect your institution, and thoughts on what's to come in the next round of benefit payments.

Michelle Ball

Jennifer Zatkos

[Roundtable] Modernizing Your Identity Data Strategy to Promote Inclusiveness and Address Underrepresented Populations

During this roundtable session, we’ll discuss how a modern data strategy can provide coverage for and protect underrepresented consumer populations (including thin-file millennials and Gen Z) throughout the customer journey and lifecycle.We’ll also discuss:

• • Framework and best practices for inclusive KYC/CIP
  • Is the current CIP framework insufficient for current needs serving diverse consumers?
  • …and more!

Joshua Linn

Annie C. Bai

The Critical Role of Data and Technology in KYC and Onboarding

In this session, RDC and Bureau van Dijk discuss how the rapidly changing landscape has increased the pressure that financial institutions are under to get their KYC and onboarding right and how the power of data and establishing best practices to a balanced risk based approach is critical.

Anders A.L. Rodenberg

Alex Zuck

[DEMO] Socure DocV: The Scalable Document Verification Solution

Socure's DocV is the most scalable, accurate document verification service available and applies advanced analytics and layers on data to quickly confirm the authenticity of any identity document in circulation—including more than 3,500 identification types globally. Built to minimize customer friction, it is also client friendly with easy implementation as a standalone product or as part of Socure ID+, a fully integrated identity fraud and compliance platform. DocV accelerates revenue growth and reduces identity fraud by quickly and accurately assessing the validity of good users for a broad range of industry verticals and use cases.

During the demo, you’ll see:

• • How document verification can be painless for the end-user with document and facial scan assistive features.
  • Socure’s unique ability to receive correlative scores on the physical ID related to other elements of identity (ex. phone, email, device), and apply liveness for additional security.
  • Where businesses can easily implement custom configurations for age and expiration criteria as well as on-the-fly settings for specific use cases, degree of risk tolerance, or on a per-transaction basis.

Dale Daguro

Dialogue Session - Building Your Toolkit Against Human Trafficking

While the pandemic scrambled the operations of human traffickers, human trafficking remains an insidious and highly profitable crime. Fortunately, investigators and fincrime compliance professionals have powerful tools at their disposal to take on traffickers, from online research to transaction monitoring rules. This session provides tools to combat human trafficking, from two perspectives - an expert in transaction monitoring gives insights on how to build scenarios and alerts to detect the finances of trafficking, while an experienced investigator gives guidance on techniques to follow the finances of traffickers. The session will also explore what's changed in trafficking typologies since the start of the pandemic, and what to look out for when reopening occurs. We'll also be raising donations to nonprofits and causes related to human trafficking - join us to learn, fundraise and take on trafficking together!

David Creamer

Rosie McWhorter

[Demo] Authentic8’s Solution for Secure Investigations In Action

Analysts, investigators and researchers need secure and efficient means to perform internet research and data collection. But traditional approaches have hampered investigation productivity and quality, while producing compliance and management headaches for risk and IT teams.

Learn Authentic8’s unique approach to online research for financial fraud, anti-money laundering, threat intelligence, OSINT and other investigation fields.

• Decrease time-to-insight for investigation teams
• Simplify compliance and improve case documentation for risk teams
• Reduce costs and management overhead for IT teams

Nick Finnburg

Rise of the Robots? How to Use AI Now, and What Comes Next

After years of fits and starts, the adoption of artificial intelligence applications in financial crime compliance has finally started to accelerate, driven in part by pandemic disruption. In this session, practitioners give you a view into the current reality of AI in financial crime prevention. The presentation focuses on real-world case studies that illustrate successful uses of AI tools and the processes that went into their implementation. It also focuses on how an investigator-led approach can help derive value from AI tools, and looks ahead to give guidance on what to expect next.

Crypto Focus – To Be Announced Soon

[Demo] New Account Fraud

Nicole Uber

Mules, Pros, and Whales - Money Laundering's Changing Ecosystem

Like much of the legitimate business world, money launderers faced a crisis when COVID shutdowns and pandemic safeguards disrupted their typical operations. But money launderers, especially sophisticated ones, will never let a crisis go to waste - instead, they innovated and adapted, using lockdowns to expand alternate money laundering channels or create new ones. Organized crime rings and professional money launderers turned in particular to money mule networks, often recruited unwittingly from those newly unemployed or scammed on social media. This rise of online money mule rings is blurring the lines between fraud and money laundering, and creating new challenges for financial institutions and law enforcement.

In this session, hear from experts from the FBI and the US Department of Justice on:

• • The steps they're taking to combat mule networks
  • How mules intersect with higher-level professional laundering operations
  • What you can do to assist in the ever-evolving battle with launderers

Jackie Blasei-Freed

Josh Macdiarmid

[Roundtable] Talking Truth about Adverse Media

Publicly available information on illicit activities is a wealth of know your customer data. Join us for a conversation around current regulatory pressures to identify predicate offenses, advances in technology that facilitate large scale data curation and filtration, and best practices for building an AML program that highlights risk relevant significance for perpetual KYC.

Karla Worley

Micheal Sheehy

Fighting Frankenstein: When Gates and Pitch Forks Are Not Enough

Fraud management teams are pressured to remove friction and accommodate growth objectives, all while ensuring fraud loss continues to decline; as well as even substantiate friction to reduce risk. Customer expectations of fully digital and frictionless experiences have expanded the fraud attack area. Large data breaches and easy acquisition of illicit information on the dark web has led to the proliferation of PII. This all means rise in synthetic fraud.

Synthetic fraud is challenging legacy fraud prevention that as historically focused on transaction and payments channels. Traditional IDV has a >15% detection rate for synthetic or stolen IDs. These accounts are opened and the monster gets in; normal protection doesn’t work anymore, nor do siloed and fragmented point solutions. Learn how to slay the monster and be the hero!

Key New Account & Synthetic Fraud Takeaways:

• • • How emerging and advanced technology combats new account and synthetic fraud
    • The role fraud prevention leaders play
    • How to increase protection without impacting customer experience

Glenn Fratangelo

Venu Venugopal,

Wesley Wilhelm

[DEMO] To the Moon! Futureproofing Investigative Capabilities for Cryptocrime

Regulators have made it clear: financial Institutions of all stripes have exposure to cryptocurrency. There are a number of direct and third party crypto-related risks for Financial Institutions to navigate. However, there are tools available to make it easier to engage responsibly, as well as investigate and report when necessary.

Join us as we walk through solutions that are helping Fraud, Compliance, and Cyber Teams stay ahead of the risks in this exciting space that will only continue to grow.

Jackie Koven

The Year (and the Year Ahead) in Regulation - Innovation and Adaptation

The past year saw a steady flow of guidance, joint statements and public comments from regulatory agencies, with many encouraging new approaches and tech adoption in financial crime compliance programs. The new year kicked off with a bang on the regulatory front, with legislation that brings major reforms to U.S. AML efforts and corporate transparency, new regulations on cryptocurrencies, and much more. To make sense of it all, this session brings together a senior OCC representative, a crypto policy expert and a member of one of the largest financial services industry groups give insights on all sides of the issue. You'll hear views from the regulatory perspective, guidance on how it’s playing out at financial institutions, and a look at what to expect in 2021, along with ample opportunity to ask your questions along the way!

The Future of FinCrime Careers and Skills

Amid the continuing impact of the pandemic, rapid adoption of new technologies and regulatory changes, navigating a career in financial crime prevention is no small task. In this session, we'll explore the skills that are increasingly relevant for the present and future of financial crime, and hear insights on what financial institutions look for when hiring compliance staff. Experts will share practical advice based on their personal experiences and industry perspectives.

Sonia Desai

Yaya Jata Fanusie

Eric Young

Live Q&A - How I Started My Compliance Career

Disruption was the watchword of 2020 for so many aspects of life, and career development was no exception. For those looking to break into the compliance world, where to begin? And for those already in compliance roles, how to develop professionally and take it to the next level? There may not be easy answers to these questions, but it helps to have guidance from professionals who have been in the trenches. On this session, hear from financial crime

Chris Caruana

[Roundtable] A Day in the Life of a Chainalysis Data Analyst

In this roundtable session, join Chainalysis Head of Research Kim Grauer to learn about the datasets that we work with, the insights we glean, and more on trends in crypto crime.

Kim Grauer

Working Lunch and Career Boost Session

Whether you're a fresh-faced newcomer or a grizzled old-timer in the financial crime space, developing your career and your network never stops. Join us for a lively lunchtime conversation with hiring managers and hear tips on how to build connections in the work-from-home era, what skills are in high demand in the fincrime compliance space, how to stand out in an interview and more.

Zachary Plotkin

Hannah Spellmeyer

Bright Ideas - The Top 3 Innovative Concepts to Fight Financial Crime, Chosen by the Community

Closing Remarks, Giveaways and Contest Winners