Webinar

COVID-19 and expected effects on Trade and Trade Based Money Laundering

Now Available On-Demand

 

About the webinar

COVID-19 has brought suffering to many individuals and communities, as well as presenting enormous challenges to many businesses, including financial services. Trade banks deal with a mountain of paper documents that historically are reviewed manually to look for goods, services, people, and sources of funds that would trigger a “compliance red-flag”. Traditionally, the only way for trade operations to handle more volume was to hire more people.

Trade business has been slow to evolve and adopt analytics or automation. The global pandemic has curtailed international trade considerably. Some markets have witnessed as much as an 80% reduction in trade shipments/volumes. The expectation is that once the curtain lifts Trade activity will explode as companies need to increase inventory levels and seek needed cashflow.

Why attend?

Attend this webinar to gain insights on how to control and react to these new realities while taking costs out of regulatory compliance operations.

  • Harmonize: With increased trade volumes come a potential increase in compliance alerts that need to be investigated, documented, and resolved. Learn how specialized analytics from SAS help manage the flood of alerts.
  • Empower: Increased volumes may also foster more paths for criminals to exploit the system. This will equate to increased fraud rates from both internal and external parties. Understand how SAS can help trade banks surface anomalies and generate meaningful alerts quickly?
  • Be Smarter: Trade compliance is complicated and messy. From a practitioner’s perspective we will present the lesson learned from helping clients move from a manual process to adopting an operational platform that provides score based decisioning. We will also walk you through key operational drivers supporting the business case and what is the expected ROI.
  • Status Quo: What is the “cost of doing nothing”?

Have a SAS profile? To complete this form automatically Sign In

*
*
*
*
 
*
*
*

All personal information will be handled in accordance with the SAS Privacy Statement.

 
  Yes, I would like to opt-in to receive occasional emails from SAS Institute Inc. and its affiliates about SAS products and services.
 
 

About the Expert


Eric Herson
Principal Industry Consultant
Global Security Intelligence Practice

Eric Herson is a Principal Consultant in the SAS Security and Intelligence Practice where he acts as the liaison between SAS’ client facing Account Teams and SAS’ Financial Crimes Product Development and Delivery organizations. 

Eric comes to SAS with over 30 years of experience assisting clients globally with complex data driven fraud and analytic projects.  Prior to joining SAS in 2010 to concentrate on real time Fraud and AML/Regulatory initiatives, Eric worked for both FICO and First Data International in Sales Management and Divisional P&L Leadership roles.   

Main Interests: Sports Cars, Amateur Radio, and Travel.

Watch now