Strengthening Compliance with Effective AML Analytics, Algorithms, Machine Learning and Data Science

Duration: 60 Minutes
Learn how effective AML analytics, algorithms, machine learning and data science can strengthen your compliance program. This session will also discuss using analytics to help BSA/AML investigations, how you can use the CDD data gathered along with analytics, model validation and BSA/AML.
Effective AML Analytics
Instructor: Joe Soniat
Product ID: 508338
Objectives of the Presentation
  • Review case examples to show analytic techniques
  • Use analytics to help explain customer behavior
  • How to use analytics to help BSA/AML investigations
  • How to work with your AML vendor to keep ahead of the curve
  • How you can use the CDD data gathered along with analytics
  • How to set up your scenario engine
  • How to review your scenario engine to eliminate false positives
  • Model validation and BSA/AML
Why Should you Attend
The rapid advances in technology and reliance on transaction monitoring have emphasized the importance of deploying AML analytics, algorithms, machine learning and data science to detect patterns across data sets and improve program effectiveness. Learning and making predictions from data using these methods helps compliance professionals understand transaction behavior, analyze false-positive alerts to learn common predicators and manage financial crime risks. In this webinar, the instructor will discuss how to utilize analytics, algorithms and machine learning to achieve continuous, enhanced transaction monitoring, KYC and other AML activities.

Who will Benefit
  • BSA/AML Analyst
  • BSA/AML Technology Analyst
  • BSA/AML Investigators
  • Compliance Officers
  • Risk Managers
  • On-Boarding Managers
  • MSB Managers
  • Relationship Managers
$300
Recorded Session for one participant
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Live Session - How it works
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  • 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:
Robert J. Soniat (Joe) is the BSA officer for Union Bankshares Corporation, located in Richmond, Virginia. He also worked as a finance officer for the United States Government from 2002 - 2004. He holds a Bachelor's of Science in Accounting from Virginia Commonwealth University as well as minors in criminal justice and international relations. Since his time at VCU, Mr. Soniat has been looking for ways to help fight financial crimes and money laundering; it was not until he came to Union Bankshares he found that he could be on the front lines in BSA.

Mr. Soniat is the officer of the BSA AML programs for Union Bankshares Corporation, all three banks and its subsidiaries. In October of 2008, he became a Certified Anti Money Laundering Specialist (CAMS). He is also a BSA Coalition Advisory Board Member, which consists of bankers and regulatory representatives from various federal and state banking agencies from the fifth district of the Federal Reserve.
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