Thu. Jan 20th, 2022

Pre-registration for the knowledge partners’ AML Masterclass series exploring advanced analytics for AML compliance is open now

The United Nations Office on Drugs and Crime estimates that US$800 billion to US$2 trillion is laundered through worldwide financial systems each year. That’s an astonishing 2-5% of global GDP. The European Banking Federation (EBF) – uniting 32 national banking associations in Europe, representing 5,981 banks with roughly 2.6 million employees – has partnered with SAS to help financial firms worldwide curb the deluge.

AML Masterclasses, free of charge

In early 2022, the EBF and SAS will launch a joint, virtual AML Masterclass series, led by AML experts versed in leveraging advanced analytics for AML. Unlike conventional courses on the subject, which focus primarily on the regulatory and operational aspects of AML, this series will spotlight how artificial intelligence (AI) and machine learning can boost the effectiveness of banks’ efforts in fighting financial crime.

Pre-register today for the complimentary, two-part AML Masterclass, which will include:

  • Demystifying AI for Anti-Money Laundering. Debuting in March 2022, the inaugural session will examine how AI and machine learning technology for AML really works. It will also explore shared transaction monitoring facilities as an opportunity for enhancing AML transaction monitoring and how it fits into the current regulatory framework.
  • New Technologies for KYC. In April-May 2022, the second session will snapshot the current legislative landscape and delve into novel ways advanced analytics can facilitate banks’ know your customer (KYC) and customer due diligence processes. Experts will also demonstrate how solutions like digital identification and network visualization can improve the transparency and efficiency of customer onboarding.

Following the online Masterclass sessions – and aligning with the ACAMS Europe Conference in June 2022 – the EBF will host an in-person social event with SAS in Brussels. There, a panel of AML experts will lead a discussion and live Q&A on how banks can embed advanced analytics into their AML frameworks.

Read more here