Risk Assessment Workshop

FINTRAIL hosted an exclusive virtual workshop designed to equip you with the latest methodologies and insights on financial crime risk assessments.

Why Attend?

The FCA and other regulators consistently highlight deficiencies in risk assessments, making it a critical area of focus over the next 18 months. Join FINTRAIL's experts to ensure your firm is prepared and compliant.

What We’ll Cover:

  1. Risk Identification and Documentation: Learn how to effectively identify and document potential financial crime risks within your organisation.

  2. Controls and Mapping: Understand how to map controls to identified risks and ensure they are effectively mitigating threats.

  3. General Methodology: We will discuss methodologies that underpin robust risk assessments.

  4. Connecting Your Risk Assessment to the Wider Framework: Integrate your risk assessment with your broader compliance and risk management strategies.

  5. Engaging with FINTRAIL: Learn how FINTRAIL can support your firm with bespoke risk assessment services.

Masterclass: Best Practices for Screening

Screening is a major cornerstone of financial institutions’ efforts to fight financial crime, helping them prevent money laundering, terrorist financing and sanctions evasion, and ensure regulatory compliance. Regulators see screening as a foundational control, imposing serious penalties for not doing enough. However, in practice even carefully designed processes can create unmanageable workloads that can obscure true risks. Meanwhile technology vendors promise game-changing solutions, which don’t always live up to reality. So how to get it right?

In this masterclass, hosted in partnership with Dow Jones Risk & Compliance, we take a detailed look at current best practices in screening, covering sanctions (including control and ownership), political exposure, and adverse media. Using in-depth regulatory knowledge, real-world industry experience and practical use cases, our expert speakers offer practical guidance on how to understand regulatory expectations, how to create a streamlined and efficient process, and how to maximise the power of technology and big data.

Auditing and Assurance Activities for Effectiveness

With The Wolfsberg Group releasing their Principles for Auditing a Financial Crime Risk Management Programme for Effectiveness under the Wolfsberg Factors, we thought it would be an excellent opportunity to look closer at how to apply these principles.

Whether it’s an independent audit, model validation or BAU assurance activities, we'll explore how these principles can be applied to determine effectiveness as well as compliance.

Agenda:

  • The three Wolfsberg factors and the associated principles for effectiveness

  • How to adopt these principles into a methodology framework

  • Thematically look at what that means for performing model validation activities for key control areas such as fraud, sanctions and transaction monitoring

  • How FINTRAIL can help with these activities

The AFC Team of 2024

Resourcing your AFC team continues to be challenging for any MLRO, compliance officer or head of financial crime. There are a whole range of complexities to consider from internal priorities, to regulatory changes to budgets.

FINTRAIL and FincSelect have teamed up to deliver this hour workshop to unpick some of the challenges and highlight some of the themes we are seeing in 2024.

This session dives into the below questions:

  • What does a modern FinCrime team and structure look like?

  • What are some of the challenges we are seeing in the industry when it comes to capacity and resourcing?

  • What are some of the hiring themes of 2024?

  • What are some of the outsourcing opportunities to gain additional temporary headcount or expertise?

Unmasking Fraud: Dynamic Controls for an Ever-Changing Threat Landscape

Fraud is now the most common crime in the UK, and with figures suggesting that over 86% of fraud is unreported, the scale of the problem may be even greater than we know!

The political commitment and agenda to combat fraud have never been more clear or decisive, and 2024 will bring significant regulatory changes and scrutiny in this space. The message from regulators is clear: they expect more.

Robust and adaptive detective and preventive controls across the customer lifecycle are essential to a proactive defence against the ever-evolving landscape of fraud.

To stop fraudulent transactions, compromised accounts and money mules in their tracks, firms need to understand their fraud vulnerabilities, assess their control framework and build a clear plan of action.

In this FINTRAIL webinar, hosted in partnership with Resistant AI, you’ll learn about the ever-evolving fraud landscape, and the tools and strategies you should be considering to enhance detection and prevention in your financial crime team.

FinCrime Priorities for 2024

In conversation with FINTRAIL: FinCrime Priorities for 2024

Join us for a conversation about key financial crime compliance themes for 2024, drawing on recent conversations with regulators, enforcement trends and regulatory horizon scanning.

What you need to know and what you should be looking to prioritise in 2024:

- Regulatory changes and key areas of focus

- Themes from 2023 and how they’ll develop in the next 12 months

- FINTRAIL plans for 2024

Hosted by:
Maya Braine, Managing Director, FINTRAIL

Robert Evans, CEO, FINTRAIL

James Nurse, Managing Director, FINTRAIL

Going beyond a rules-based approach! How AI will supercharge your AML

Hosted by FINTRAIL & ThetaRay

As financial institutions grapple with the ever-evolving challenges of fraud detection, risk mitigation, and compliance, AI emerges as a formidable ally. Its ability to process vast volumes of data in real-time, identify patterns, and adapt to new threats enable it to overcome the problems of rules-based systems and supercharge AML programmes, especially in the area of transaction monitoring.

No longer a futuristic buzzword, AI-powered fincrime tools are already in use, from start-ups through to leading global financial institutions. Join us for this webinar to hear from Travelex, the world’s largest retail FX specialist operating across 26 countries, on how they have addressed the transition to AI, the practical challenges they have addressed, and the outcomes they have seen. Peter Reynolds, CEO of ThetaRay, and Maya Braine, managing director of FINTRAIL, will contribute their insights and practical guidance for firms looking to start their AI adoption journey.

Speakers:

  • Maya Braine, Managing Director, FINTRAIL

  • Daryl Norman, Group Chief Compliance and Risk Officer, Travelex

  • Peter Reynolds, CEO, ThetaRay

FINTRAIL & Resistant AI Bootcamp | AI and AFC

Hosted by FINTRAIL and ResistantAI

A two day bootcamp in which you can learn about the importance of AI in the future of anti-financial crime (AFC) management.

Through practical use cases, our expert speakers explore how to exploit AI to enhance detection, prevention, and investigation processes, and ultimately strengthen AFC frameworks.

DAY 1 - 28 September 2023

Sessions will cover:

  • The fundamentals of AI

  • Regulatory perspectives of AI in AFC

  • Managing and communicating explainability and transparency in AI

DAY 2 - 5 October 2023

Sessions will cover:

  • AI and the AFC technology maturity curve

  • Use cases for AI in AFC

  • Preparing for AI adoption

SPEAKERS INCLUDE:

  • Ciara Aitchison, Director, Insights, FINTRAIL

  • Martin Rehak, CEO, Resistant AI

  • James Nurse, Managing Director, FINTRAIL

  • Vera Veldscholten, Product Owner - Transaction Monitoring, Bunq

  • Billy Pinder, Global Head of Transaction Monitoring, Currencycloud

  • Katherine Gormley, AML Product Manager, Resistant AI

  • Kseniia Kutyreva, Head of Compliance, FINOM

  • Natasha Qayyum, Data Scientist

 

Reassurance on Your Assurance

Reassurance on Your Assurance Workshop

A robust assurance programme is a vital part of ensuring your AFC controls are working effectively. In this workshop, the FINTRAIL team will be discussing best practices for a 2nd line assurance framework and taking a closer look at nuances for particular control areas.

In this webinar we’ll cover:

  • What do the regulators say you need to do?

  • Assurance framework best practices

  • Thematic assurance - Fraud

  • Thematic assurance - Transaction Monitoring (Featuring Resistant AI)

  • Tracking, aligning and remediating

This webinar is hosted by:

  • James Nurse, Managing Director, FINTRAIL

  • Katherine Gormley, AML Product Manager, Resistant AI

  • Maya Braine, Managing Director, FINTRAIL

Implications of the UK’s new fraud reimbursement

Implications of the UK’s new fraud reimbursement

The UK’s Payment Systems Regulator (PSR) has announced upcoming new requirements for reimbursing victims of authorised push payment (APP) fraud. What are the proposed requirements, do they provide the “incentives to innovate” that the PSR hopes for, and what do they mean for your firm?

Join us to discuss these questions, from policy to practice, with these great speakers:

  • Robert Evans, CEO, FINTRAIL

  • Kathyrn Westmore, Senior Research Fellow, RUSI

  • Aaron Elliott-Gross, Group Head of Financial Crime and Fraud, Revolut

  • Ciara Aitchison, Director, Insights, FINTRAIL

FINTRAIL and ComplyAdvantage: Transaction Monitoring Bootcamp

Hosted by FINTRAIL and ComplyAdvantage

A bootcamp series for financial institutions on how to manage and run a best-in-class transaction monitoring process.  Covering process design, transaction analysis, OSINT research and more!

DAY 1 - 8 JUNE 2023 @ 2PM BST

Sessions will cover:

  • Introduction to transaction monitoring

  • Designing and managing a transaction monitoring process

  • Talk from an industry guest speaker

DAY 2 - 15 JUNE 2023 @ 2PM BST

Sessions will cover:

  • The use of technology

  • Processing monitoring alerts

  • Talk from an industry guest speaker

SPEAKERS INCLUDE:

  • Alia Mahmud, Global Regulatory Affairs, ComplyAdvantage

  • Maya Braine, Managing Director, Head of Insights, FINTRAIL

  • Iain Armstrong, Global Regulatory Affairs, ComplyAdvantage

  • James Nurse, Managing Director, FINTRAIL

  • Andrew Davies, Global Head of Regulatory Affairs, ComplyAdvantage

  • Simon McFeely, Global Head of Risk & Compliance, TransferMate

 

How data can transform your approach to financial crime detection and prevention

Hosted by FINTRAIL and Experian

Why are UK businesses a popular choice for money launderers? And to what degree have UK businesses been compromised?  This presentation will provide a data-focused analysis exploring how unlocking the power of data can improve financial crime detection and learnings from the use of existing highly predictive data resources, including open government licence data, third party data and industry aggregate transaction data sharing.

Complete the form below to receive your access link

Download the whitepaper

How third-party data can automate and strengthen KYB and KYC

Financial Crime Monitoring and Investigation Masterclass

A two-part series on Financial Crime Monitoring and Investigation, with FINTRAIL & Dow Jones Risk and Compliance

A masterclass series for financial institutions on how to understand, assess and manage your clients’ financial crime risks through ongoing monitoring and deep dive investigations.

Part one covers:

  • Session 1: Monitoring and Investigations: The Regulatory Context

  • Session 2: Triggering & Framing Investigations

  • Session 3: Case Study by Revolut’s Complex Investigations Team

Sign up to view the recording here.

Part two covers:

  • Session 4: OSINT Research

  • Session 5: Transaction Analysis

  • Session 6: Using Tools and Technology

Sign up to view the recording here.

 
 

Workshop: The Secret to a Stress-Free Audit

Join FINTRAIL's audit experts to learn about why people typically find audits challenging, and strategies you can take away today to make your next audit stress-free.

Audits can sometimes be daunting - the process is one that people don't often look forward to or proactively manage as best as they could.

In this free online workshop for the FinTech FinCrime Exchange and wider FinCrime community, we explore how to overcome common audit challenges like:

  • Staying on top of regulatory changes

  • Preparing your processes and people

  • Getting sufficient value from your auditors

Watch the session on-demand by submitting the form below.

Complete the form below to receive your access link

Debunking financial crime risks in the non-profit sector (May 2022)

Charities and non-profit organisations have long been regarded as high risk for financial crime, particularly money laundering, terrorist financing and fraud. As a result, they have been severely impacted by financial institutions “de-risking” and limiting their exposure to high-risk customers. But does the financial sector understand the true level and types of risks posed? What are the consequences of this de-risking for the NPO sector, and how could the risk be managed better?

Please fill out the below to access the webinar on-demand

How to Manage Financial Crime Investigations (April 2022)

Join our expert speakers from leading financial institutions, law enforcement and RegTech firms, all of whom have extensive expertise in financial crime management. The principles and concepts are grounded in good practice gained from real-life experience, making it ideal for heads of investigative and financial intelligence departments, MLROs, and senior financial crime managers.

Please fill out the below to access the webinar on-demand

Are Anti-Financial Crime Checks Driving Financial Exclusion?

Are anti-financial crime checks driving financial exclusion?

Finclusion 2021 Podcast Episode with FINTRAIL

Podcast hosts Shân Millie and Victroria Roberts talk to James Nurse, Managing Director at Fintrail, and Ravi Shukla, Head of Tech Nation Fintech Delivery Panel, about the barriers anti-financial crime checks can pose to financial inclusion and the checklist of principles they’ve developed to address this.

AI & Transparent Boxes

AI & Transparent Boxes

Moody’s Talks Podcast Episode with FINTRAIL

Attitudes towards AI in the KYC and AML space are often riddled with disillusionment. It begs the question, are there ways to unlock the potential of AI technologies in a more productive way when combatting financial crime? 

Moody’s Talks podcast host Alex Pillow delves into this topic with FINTRAIL’s Managing Director, James Nurse, and Janet Bastiman, Chief Data Scientist at Napier AI.

Free resources

Access free resources designed to help strengthen your anti-financial crime controls.

Partner with us

We love to support projects that combat financial crime -
get in touch to find out more.