Enhancing AML Detection Through the Use of AI and The ATA – What You Don’t Know Can Hurt You

Enhancing AML Detection Through the Use of AI

With the revolutionary introduction of artificial intelligence (AI) in AML, it has the potential to enhance AML capabilities by increasing the accuracy and efficiency of detecting and preventing suspicious activities in financial institutions. This highly interactive workshop is designed for participants to take a deeper dive into the world of AI and AML, explore its role in detection and prevention of suspicious transactions, while being educated on how CDD and EDD may also be enhanced.

The Anti-Terrorism Act – What You Don’t Know Can Hurt You

This highly interactive session is designed to provide participants with knowledge and understanding of the Anti-Terrorism Act and Regulations. Key provisions and practical considerations under this legislation will be covered in the session.

Enhancing AML Detection Through the Use of AI At the end of this session, participants will gain an understanding and appreciation of AI and AML in the following topic areas:

• Transaction Monitoring
• Customer Due Diligence (CDD)
• Suspicious Activity Reporting (SAR)
• Behavioural Analysis
• Role of regulatory bodies in shaping AI in AML use
• Benefits of AI in AML
• Challenges and Considerations

The Anti-Terrorism Act – What You Don’t Know Can Hurt You At the end of the session, participants will have a greater appreciation for the key provisions of the Anti-Terrorism Act and Regulations.

Enhancing AML Detection Through the Use of AI Mr. Ulric Miller is certainly no stranger to the Insurance Industry and has over 45 years’ experience. More specifically, his role as a TTII lecturer and trainer has spanned a diverse range of subject areas namely Long-term Insurance Business, AML/CFT/CPF, strategic planning and Ethics. His historical roots run deeply in the TTII, as he also served as President of the Council of Trustees. Regionally, he has held the position of 1st Vice President of the Association of Insurance Institutes of the Caribbean (AIIC). He has also served as an adept change manager with special experience in leveraging IT, possesses a highly successful track record in Customer Relationship Management, Strategic Management and Scenario Planning. His unwavering dedication to leadership and management is reflected in his service as a member on various state and private boards.   Mr. Miller holds the designation as a Fellow of the Life Management Institute which demonstrates his in-depth knowledge and expertise in the field of long-term insurance management. Among his other accolades are Certified Anti-Money Laundering Specialist (CAMS) and Associate in Insurance Regulatory Compliance (AIRC). The Anti-Terrorism Act – What You Don’t Know Can Hurt You Sarita Parsad is an Attorney-at-law who currently holds the position of Head, Legal & Compliance at Trinidad & Tobago Insurance Limited (TATIL) where she is responsible for all compliance related issues across T & T and Barbados. She has over sixteen (16) years’ experience in the industry and is versed in dealing with insurance regulatory matters and all issues pertaining to insurance property and casualty claims. Sarita who holds the ACAMS professional qualification, also provides her expertise on compliance education to the insurance industry as an active member of ATTIC’s FRAC Committee and the TTII’s Council of Trustees. Ms. Parsad is a highly qualified professional holding a MSc in Insurance and Sustainable Risk Management from Glasgow Caledonian University, UK, a Masters in Law Degree (LLM, Corporate and Commercial Law) from the University of the West Indies, a Master’s Degree in Business Administration (MBA) from Henley School of Business, UK, a Bachelor of Laws Degree (LLB) and an Advanced Diploma (ACII) from the Chartered Insurance Institute in the UK where she is a Member of the Society of Claims Professionals. She is currently enrolled in the Fellowship Program at the Chartered Insurance Institute, UK.