Fraud Intelligence & Managing Regulatory Compliance Smartly, Proactively and Efficiently
July 28, 2021
| 9:25am - 11:00am AEST | Virtual
Agenda Day 1
9:25 am - 9:30 am
Conference Opening by IQPC Australia
9:30 am - 10:10 am
The Role of Financial Institutions InTthe AML/CTF Landscape
Wendy Ward -
Vice President International Oversight – APAC, Global Financial Crime Compliance,
American Express
The aim of an AML/CTF regime is to detect and deter criminal abuse of the financial system and financial institutions play an integral role, both globally and domestically. Financial institutions are obligated to meet AML/CTF regulatory requirements, but is this as far as their role goes? Are they also there to assist law enforcement and governments bring people to justice. Wendy Ward will discuss this in further detail and highlight -
- Building and maintaining a culture of compliance – why compliance is important?
- The importance in educating business to understand their financial crime risk
- Collaborating with stakeholders to establish robust frameworks, with appropriate systems, controls and procedures to ensure compliance and assist in the identification of financial crime activity.
Wendy Ward
Vice President International Oversight – APAC, Global Financial Crime ComplianceAmerican Express
10:10 am - 10:40 am
Understanding How To Identify Fraudulent Transactions Through Surveillance Actions And Mitigating Expanded Risk Through Robust Governance Strategies
Alan MacSporran QC -
Chairperson,
Crime and Corruption Commission Queensland
In this presentation, we will discuss how organisations should be looking forward, beyond the current time. This presentation will stress the importance of preparing your technology, people and processes for future criminal activity, particularly as financial institutions adapt to a new digital operating environment, which has expanded the cyber threatscape due to uptake of data sharing.
- Preparing your workforce to detect criminal activity that will arise in the future
- Understand the potential of fraud intelligence and the associated compliance mechanisms that will mitigate risks of fraudulent activity.
- Combatting remote working challenges by uplifting technology capabilities to enable your people to monitor criminal activity from remote environments.
- Overcoming economic impact from COVID-19 affiliated criminal activity, factoring in costs and investments
