Amid public scrutiny and the increasing controls demanded by regulators, the world’s financial firms are under intense pressure to improve the effectiveness and efficiency of their anti-money laundering (AML) and customer due diligence (CDD) programs.
In conjunction with Risk.net, IBM conducted a survey of approaches taken by AML and financial crime professionals in global financial institutions to evaluate the scale of the challenge, from resource allocation to length of investigation to number of systems accessed during investigations.
Join us as we executives from IBM and Promontory discuss the survey results and learn how financial institutions can optimize their AML detection and investigation programs.
In this webinar we will discuss:
- The main challenges faced during the investigation process and how to reduce the effort and time spent on ‘false positive’ alerts
- Best practice processes and methodology for AML sanctions screening, transaction monitoring, customer due diligence (CDD), enhanced due diligence and know-your-customer compliance
- Where artificial intelligence can be most effective in AML and CDD compliance management
Check out our solutions across all of risk and compliance at ibm.com/regtech .