Reducing the cost and complexity of Financial Crime compliance
Wednesday 11 September 2024 | 10-11am
In our next webinar, we will explore the problems clients face today in transitioning to perpetual KYC, and explore the very first steps you should take
We'll be joined by Mark Scott, Experian's Director of Product Consultancy, to hear his top recommendations informed by his vast experience delivering this capability in Tier 1 banks.
He'll touch on:
- The importance of identifying high-risk cases using third-party data
- Why accurate discrimination between high-risk and standard risk records creates the foundations for risk acceptance
- How third-party data can address data gaps and help you to truly Know Your Customer
We'll then explore the opportunities of tomorrow, moving beyond compliance to detection, considering how data sharing now permitted under the Economic Crime & Corporate Transparency Act (ECCTA) will bolster the UK's economic risk identification. We'll be joined by Ruth Ray, Data Strategy Director at CIFAS, to understand the very latest developments and how the industry can collaborate to fight back against financial crime.
If you are part of an AML regulated business with a B2B / B2C customer base, and your role covers AML / KYC compliance, Financial / Economic Crime, then this webinar is for you.
Join our latest Fincrime webinar
Date: Wednesday 11 September 2024
Time: 10 - 11am
In this session, we'll explore:
Meet the speakers
Grant MacDonald
Director, Fraud and AML Strategic Initiatives, Experian
For over 20 years, Grant MacDonald has been pioneering the creation and delivery of market insights across the identity, fraud, financial crime and credit landscape. Grant is responsible for coordinating Experian’s marketing, product, delivery and consultancy efforts to deliver market leading Financial Crime insights and services to UK businesses.
Mark Scott
Director of Product Consultancy, Fraud and Financial Crime, Experian
Proven track record within Financial Crime, successfully delivering strategic programmes, developing innovative and creative solutions within the UK Banking sector. Mark has successfully delivered AML monitoring within a tier 1 UK Bank, positively influencing the industry away from manual periodic reviews to the use of data & automation to reduce costs, deliver sustainable regulatory compliance, identify risk as it occurs and deliver a positive customer experience.
Ruth Ray
Data Strategy Director, Cifas
Having started her career on a graduate management programme, Ruth swiftly begun a 20+ year fast-paced journey across public and private sector organisations at all levels with data always at its core. Ruth trained as a police Intelligence Analyst, working on international serious and organised networks and gun crime, embedded within a busy Covert Operations Unit. After moving back into the private sector, Ruth was instrumental in taking the Insurance Fraud Register to market for the Insurance Fraud Bureau, latterly leading their Data & Analytics function.
From there, Ruth moved to the IFB's parent company, the Motor Insurers' Bureau, as Head of Product Support and Development, responsible for the insurance industry's most integral databases - CUE, MID, and MIAFTR. 3 years ago, Ruth joined Cifas - a not-for-profit membership organisation and the UK's economic crime prevention service - to deliver their most impactful data product development programmes and build an ambitious data strategy. Ruth has been central to helping the business move to a data-led approach, maximising the potential of data and intelligence from members and partners in the collaborative fight against fraud and financial crime.
The webinar will be hosted on the GoToWebinar platform. If you are aware of any restrictions within your organisation that prevents you from connecting to the event, please reach out to us as we will be happy to review how we can support you to ensure you do not miss out. Please contact our Events Team to discuss.
The breakout sessions will take place on MS Teams Meetings; your name will be visible to all other attendees.