How to Use Big Data for AML/AB&C Compliance and Risk Mitigation

Duration: 120 Minutes
This webinar discusses how Big Data is used for AML compliance review. The instructor will explain how an unstructured data becomes structured and is subjected to data quality review, sampling and subsequent forensic analysis. The instructor will share how this analysis influences strategic decision in terms of risk mitigation and AML Program enhancement.
Big Data for AML/AB&C Compliance
Instructor: Shaun Miller
Product ID: 501688
Objectives of the Presentation
  • Structure of a compliance review and the usage of information upon this review
  • Fundamental Big Data concepts, principles, toolsets used and challenges
  • Qualitative and quantitative information types used in such a review
  • Overview of data analytics, business intelligence and analytics tools
  • Life Cycle approach- Analysis influencing strategic decision management capabilities in terms of risk mitigation
Why Should you Attend
Data is everywhere. From complex general ledger accounting systems to network security and social media, it is the all-encompassing backbone of corporate America. Big Data is no longer a phenomenon but a vastly expanding data footprint in our everyday course of business. This data footprint is at the core of most regulatory matters, investigations and complex business issues.

The forensic usage of data for AML/ CFT compliance reviews cannot exist in vacuum. Information has relevance and this relevance needs to be communicated and understood across all business lines. The data after processing must be used as a force for AML Program improvement.

As professionals we are not only responsible for an in depth knowledge of KYC issues but also have a working knowledge of KYD - Know your Data and how this data can affect such program enhancement.

This webinar will discuss how analysis of Big Data can be used as an important tool in AML and AB&C compliance overview and help in risk mitigation.

Areas Covered
  • The Big Data Concept
  • The 3 V's of Big Data
  • Challenges of Big Data
  • Principles and usage of Big Data - Hadoop, Oracle, SAS as examples of Big Data and Analytics tools
  • What is a Compliance review?
  • Review of Information data types
  • The qualitative nature of documentary information?
  • Policies and controls of a financial institution compared to Regulatory National and international standards
  • Various data sets - transactional, KYC and more
  • Unstructured data management
  • Overview of data analytics and business intelligence
  • Analytics tools
  • Forensic data analytics via the data analytics life cycle - focus on data quality, data cleansing, sampling, filtering, analysis, Insights, actions and value outputs
  • Structured output in a dashboard format
  • Editable reporting requirements to the board and/or regulators
  • Reporting as a means of AML Program enhancement with respect to risk mitigation
Who will Benefit
  • Data Analysts
  • Consultants
  • Managers
  • Directors
  • MLRO/ CO
  • Head of Risk/ Compliance
  • BSA / AML Officers
  • Internal Auditors
  • Staff with roles and responsibilities in BSA / AML management and oversight
  • Corporate Audit
$300
Recorded Session for one participant
Get life time access with download option!
Book this course
Pay Now
  $450.00 Training CD
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
  $550.00 Training USB Flash Drive
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
For multiple location please contact our customer care team +1-510-857-5896.
How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Shaun has recently presented Risk Based Approach to AML and CFT training in Riyadh Saudi Arabia and Kuwait City. He has also delivered Financial Crime, AML Audit and Blockchain courses in London. He has international experience working in AML Remediation projects, external Audit, Financial Crime projects in Global Banking. He has delivered AML/ CFT training and has implemented Suspicious Activity Reporting procedures in Ireland, UK and Sweden.

Shaun has been a key player in Audit/Sanctions/PEP assessment projects in Tier 1 Banks in New York, UK, Hong Kong and Ireland. Shaun Has an ICA International Diploma in Anti Money Laundering and is a Certified Anti-Money Laundering Specialist CAMS. His areas of specialty include Financial Crime (AML, Sanctions and PEP assessment), AML/BSA/OFAC/sanctions, Transaction monitoring, audit and Financial Crime technological approaches.
View More