The Power of Personas - Intelligence Led Human Trafficking Detection 2023 | Connect Global Group | 29 August 2023 | Webinar

Why attend?

Globally, banks are overwhelmingly failing to detect and disrupt criminal financing, human trafficking and fraud. According to the European Union’s law enforcement agency, Europol, only 0.5% of transactions reviewed by bank compliance officers lead to a criminal investigation. Protection against financial crime doesn't come cheap for banks, especially as the tactics employed by criminals become more sophisticated. In 2022 institutions spent an estimated $274 billion on financial crime compliance, yet fines are surging as financial institutions fail to keep up with the ever-evolving challenge. RedCompass Labs’ Financial Intelligence Unit ran an investigative pilot with Standard Chartered to show that even without complex machine learning, banks can transform their risk detection capabilities with intelligence-led behavioural models. Join this webinar to find out how by moving away from rules-based transaction monitoring and focusing on a behavioural model to describe different personas, banks can adopt techniques that are vastly more effective in detecting financial crime risk.

2023 Speakers

PANEL:

Nick Lewis,
Managing Director, High Risk Client Unit, Conduct, Financial Crime & Compliance, Standard Chartered Bank

Silvija Krupena
CFSC, CAMS , Head of Financial Crime, Redcompass Labs

Jonathan Bell
President & Head of Client Relationships, Redcompass Labs

2023 Partner

• Redcompass Labs