Is Your Enterprise Ready to Tackle it?
Date: 18 November 2016 (Friday)
Time: 10:00 am - 12:00 nn (Registration starts at 9:30 am)
Venue: SAS Office, 14/F, Cityplaza 4, Taikoo Shing
Driven by more stringent compliance requirements from the local and international regulators, anti-money laundering (AML) has received increasing attention and investment from financial institutions of all sizes. The success of detecting and blocking business activities associated with money laundering hinges not just on an effective system to automate its process, but also on instigating subtle scenarios and business rules to reduce false positives, whereby minimizing costly operational workload.
With the globalization of the world’s economy, the threats of money laundering are very real and very near. Failing to comply with local and international regulatory can result in substantial fines. An AML system incorporating robust detection mechanism, proven functionalities and best-practice approaches is above everything else.
As a leading AML solution provider around the world, SAS will introduce its renowned AML solution and particularly focus on how it can effectively deal with the challenges for securities and other small-to-medium financial institutions. The workshop audience can take benefit of understanding the critical elements and processes of the solution, and yet appreciate its simplicity and extendibility to other fraud screening algorithms to facilitate comprehensive detection.
The content of the workshop will cover:
- Transaction monitoring
- Customer Due Diligence (KYC)
- Latest update on regulatory and best practices
- Trade surveillance
- Name Screening