Screening

Conversations: Bharath Vellore, LexisNexis Risk Solutions

Course Duration: 32 minutes
Course Points: 30

This week on Fridays with Fintelekt, Shirish Pathak, Managing Director, Fintelekt is in conversation with Bharath Vellore, Managing Director, APAC, LexisNexis Risk Solutions on a variety of issues within financial crime compliance and the role of technology.

Some insights shared from Bharath’s decade-long experience working with Accuity and now with LexisNexis:

– There is a lot of progress in the awareness of money laundering risks across sectors and across types of institutions. While banks have had years of experience and knowledge around compliance, the intent to comply is present within newer sectors like fintechs or DNFBPs. They may have a much shorter learning curve to reach the maturity level of banks.

– Now more than ever, technology is becoming the most important tool in the kit to address compliance, and to gain on 3 Es – viz. Efficiency, Effectiveness and Explainability.

– There is growing awareness amongst banks as well as freight forwarders and cargo companies on the risks from trade, but there is more to be done on digitising trade information flows.

– Mule accounts are risks of a unique kind that overlay the world of fraud and financial crime, and will require efforts and information flow across these two departments, often working in silos in financial institutions.

– A collaborative approach by regulators is the best way for them to get a deeper understanding of emerging technologies in the fintech or crypto industry, and for industry players to get the confidence of being aware of the risks, the gaps, and the compliance required.

For many more interesting nuggets, listen to the entire episode. 

Expert Speak: Avinash Tanna, Accuity

Course Duration: 13 minutes
Course Points: 10

Avinash Tanna, Business Solutions Consultant – Asia-Pacific, Accuity speaks about More Power to Compliance: Enabling Ease of AML CFT Screening in this presentation from Fintelekt Asia AML/CFT 3rd Annual Summit 2021, held virtually from July 5-9, 2021.

Expert Speak: Douglas Wolfson, LexisNexis Risk Solutions

Course Duration: 23 minutes
Course Points: 20

Douglas Wolfson, Director – Market Planning, FCC & Payments, LexisNexis Risk Solutions speaks about KYX – Know Everything in this presentation from Fintelekt Asia AML/CFT 3rd Annual Summit 2021, held virtually from July 5-9, 2021.

Webinar: Effective Implementation of Targeted Financial Sanctions in Zambia

Course Duration: 72 minutes
Course Points: 70

Fintelekt Advisory Services and the Financial Intelligence Centre, Zambia hosted a webinar on Effective Implementation of Targeted Financial Sanctions on May 20, 2021.

The webinar was moderated by Shirish Pathak, Managing Director, Fintelekt Advisory Services and the speakers were Diphat Tembo, Director – Compliance and Prevention Department, Financial Intelligence Centre, Zambia, Nicholas W. Turner, Of Counsel, Steptoe & Johnson and Brent Estrella, Group Head & Chief Compliance Officer, Rizal Commercial Banking Corporation.

The webinar was designed as an educational and awareness generation initiative for reporting entities in Zambia. In order to comply with, and effectively implement the domestic regulations around targeted financial sanctions, as well as help the country to stay compliant with international standards, reporting entities in Zambia must stay current on financial sanctions and be able to understand the impact of these sanctions to their present compliance program.

The webinar speakers brought the following issues to the fore:

– Improving awareness on the obligations around targeted financial sanctions in Zambia
– Understanding the challenges faced by reporting entities in implementing the requirements on targeted financial sanctions
– Best practices around screening
– The importance of employee training to detect potential offences
– How reporting entities are misused and what type of services or products are most vulnerable for the purpose of the potential breach, non-implementation or evasion of targeted financial sanctions
– Examples of indicators to identify risks linked to terrorism and proliferation financing

Participants from Zambia who attended this webinar live are entitled to receive a participation certificate. If you have already registered on Fintelekt Academy, the certificate will be sent to your registered email id on or before Friday, May 28, 2021.

Fintelekt-ABA Webinar: Future-proofing your Financial Crime Compliance Screening

Course Duration: 1 hour 11 minutes
Course Points: 70

Fintelekt Advisory Services and the Asian Bankers Association hosted a webinar on Future-proofing your Financial Crime Compliance Screening on April 7, 2021.

This course allows Premium users to attempt an assessment and download a Participation Certificate.

The speakers were:

  • Shirish Pathak, Managing Director, Fintelekt Advisory Services (Moderator)
  • Srinivas Vaman Gollapudi, Joint President and Business Head – Trade Finance and Commercial Operations, Kotak Mahindra Bank
  • Brent Estrella, Group CCO, Rizal Commercial Banking Corporation
  • Douglas Wolfson, Director – Market Planning, FCC & Payments, LexisNexis Risk Solutions

Key Issues:

  • The challenges around the current regulation and compliance frameworks designed to combat crime
  • Their impact on customer onboarding while increasing false alerts and operational costs
  • Negative impact on the customer experience as a result

Webinar: Future-proofing your Financial Crime Compliance Screening

Course Duration: 58 minutes
Course Points: 55

Fintelekt Advisory Services and the Asian Bankers Association hosted a webinar on Future-proofing your Financial Crime Compliance Screening on April 7, 2021.

The speakers were:

  • Shirish Pathak, Managing Director, Fintelekt Advisory Services (Moderator)
  • Srinivas Vaman Gollapudi, Joint President and Business Head – Trade Finance and Commercial Operations, Kotak Mahindra Bank
  • Brent Estrella, Group CCO, Rizal Commercial Banking Corporation
  • Douglas Wolfson, Director – Market Planning, FCC & Payments, LexisNexis Risk Solutions

Key Issues:

  • The challenges around the current regulation and compliance frameworks designed to combat crime
  • Their impact on customer onboarding while increasing false alerts and operational costs
  • Negative impact on the customer experience as a result

Expert Speak: The AML/CFT Landscape: What Lies Ahead in 2021

Course Duration: 32 minutes
Course Points: 30

This panel discussion took place at the Fintelekt South Asia AML/CFT 10th Annual Summit 2020, conducted virtually from December 7-9, 2020. This panel was moderated by Suresh Vytla, Country Manager India, Accuity. The panelists included Arun Shankar C S, Incharge – FRM – Risk Management, National Payments Corporation of India, Deepak Kinger, Chief Risk & Compliance Officer, ICICI Prudential Life Insurance, Rohan Lakhaiyar, Chief Compliance Officer, Paytm Payments Bank and Anuj Bhansali, Director of Product Management, PhonePe.

The panel talked about the current AML/CFT Landscape and what lies ahead in 2021.

Webinar: Optimizing AML Screening

Course Duration: 65 minutes
Course Points: 60

This webinar is part of the webinar series run by Fintelekt Advisory Services in association with the Asian Bankers Association (ABA). The topic for this webinar is “Optimizing AML Screening” and was aired on September 9, 2020.

Speakers:

  • DOUGLAS WOLFSON, Director, Financial Crime Compliance – Asia, LexisNexis Risk Solutions
  • VIJAY GOPALADESIKAN, Head – FCC Screening Product & List Management, Group Financial Crime Compliance, Standard Chartered Bank
  • DAYANAND PRASAD, Principal Officer – AML & KYC Compliance, Emirates NBD Bank (P.J.S.C)

Key discussion points in the webinar include:

  • Risks vs Operation Effectiveness
  • Compliance Challenges and False Positives
  • How to Build a Functional e-KYC Program
  • Determining Efficiency and Effectiveness
  • Dealing with Implementation Challenges and Knowledge Building
  • Practical Advice for Screening and List Management

Expert Speak: Sarah Tariq, Deutsche Bank, Pakistan

Course Duration: 37 minutes
Course Points: 35

Sarah Tariq, Specialist Advisor – AFC & Compliance, Deutsche Bank, Pakistan speaks about Transaction Monitoring, Screening and Embargos in this presentation from Fintelekt’s South Asia AML/CFT 10th Annual Summit 2020 held virtually from December 7-9, 2020.

Expert Speak: Byron McKinney, IHS Markit

Course Duration: 23 minutes
Course Points: 20

Byron McKinney, Product Manager – Trade Finance and Compliance Solutions, IHS Markit speaks about Addressing Trade Compliance Challenges Through Technology in this presentation from Fintelekt’s South Asia AML/CFT 10th Annual Summit 2020 held virtually from December 7-9, 2020.

Scroll to Top