[Roundtable] How to Prevent Identity Fraud at Account Opening

Application or New Account fraud manifesting from synthetic and stolen identities has become pervasive, resulting in significant direct and indirect losses. In this session we will discuss the importance of identity proofing, and both the best practices as well as emerging technologies to prevent identity fraud; while not impacting friction or customer experience.

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?

Kurt Weiss

Rob Tharle

[Roundtable] 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

[Roundtable] Technology and Automation - Key Trends in Financial Crime within Trade Finance

In this roundtable we will be looking at the latest key developments in international AML and sanction regulations, trends in criminal activity and behaviour that drive the shift of regulatory focus across sectors and how political tensions intensify between the US and China and impact various categories like technology, trade and many more.

Aneta Klosek

Crypto Focus – To Be Announced Soon

[DEMO] New Account Fraud: Verify. Monitor. Trust.

In this demo of IFM-X New Account Fraud, we highlight the ability of the solution to detect fraudulent account opening applications by verifying real world identity and digital identity provided by the applicant during the application process. The demo will also cover an early monitoring scenario where IFM-X detects and alerts on two fraudulent P2P payments within days of the account opening.

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

The Future of FinCrime Skills – Perspectives on Elevating Your Career

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 Caruanay

Isa Alvarez

Andres Betancourt

Angela Bryant

[DEMO] FinCrime Fighting with ACFCS

Financial crime remains one of the biggest challenges facing governments, private institutions and individuals alike. Training is at the forefront of that battle where criminals will stop at nothing to continue their illicit activity. Join members of the ACFCS team, as well as a special guest, in this energetic session to get a behind-the-scenes look at how ACFCS training, including the CFCS Certification, prepares professionals to rise to the challenge and accelerate their careers. Attend this demo for your chance to win door prizes and membership giveaways.

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