Session Details
Deploying AML RegTech to protect the system

Presenting Speakers

About the Session

CEOs are being warned to take AML seriously and new controls are the order of the day. Regulators have worked through many AML data challenges at TechSprints and now provided technology frameworks, company registries have updated their strategies.  What are the data, AI/ML success stories and what RegTech/SupTech relief is on the horizon for thousands of firms?

Regulatory Challenges
  • FCA ‘Dear CEO’ letter on AML failings to be corrected by 17 September 2021  here
  • HM Treasury consultation on Money Laundering Regulations (MLRs) – including the role of new technology here
  • 2021 AML package here 
  • ESG and the rise of ‘green crime’ here
  • LEI and AML here
  • FATF stocktake on data pooling, collaborative analytics and data protection here and Suggested actions to support the use of new technologies for AML/CFT here
  • FATF Opportunities and Challenges of New Technologies for AML/CFT here 
  • EBA draft guidelines on supervisory data exchange with FIUs here
  • FinCen Privacy Enhancing Technologies workshop here beneficial ownership non-public database here
New RegTech/SupTech drivers
  • 10/21 EC statement before European Parliament here
  • FCA 3 year REP-CRIM financial crime analysis here
  • Thomson Reuters – EU rules governing artificial intelligence will put compliance obligations on facial recognition RegTech
  • RUSI FT opinion ‘Financial crime fighting has lost its way’ here
  • MAS data-sharing platform for banks here
  • FATF stocktake on data pooling, collaborative analytics and data protection here
  • JWG AMLDV research on project Citadel / registry data sharing vision here
  • FINRA KYC fines
  • GDPR vs. New EU AML authority plans
  • FATF digital ID best practices on beneficial ownership
  • Global TechSprint findings & ICO view on PET & AI