How to Use Big Data for AML/AB&C Compliance and Risk Mitigation 2016

Topics

• The 3 V`s of Big Data
• The Big Data Concept
• Principles and usage of Big Data - Hadoop, Oracle, SAS as examples of Big Data and Analytics tools
• Challenges of Big Data
• Review of Information data types
• What is a Compliance review?
• Policies and controls of a financial institution compared to Regulatory National and international standards
• The qualitative nature of documentary information?
• Unstructured data management
• Various data sets - transactional, KYC and more
• Analytics tools
• Overview of data analytics and business intelligence
• Structured output in a dashboard format
• Forensic data analytics via the data analytics life cycle - focus on data quality, data cleansing, sampling, filtering, analysis, Insights, actions and value outputs
• Reporting as a means of AML Program enhancement with respect to risk mitigation
• Editable reporting requirements to the board and/or regulators

Who should Attend

• Consultants
• Data Analysts
• Directors
• Managers
• Head of Risk/ Compliance
• MLRO/ CO
• Internal Auditors
• BSA / AML Officers
• Corporate Audit
• Staff with roles and responsibilities in BSA / AML management and oversight