Enhancing Anti Money Laundering (AML) detection through Artificial Intelligence (AI) & The Anti-Terrorism Act – What You Don’t Know Can Hurt You

Enhancing Anti Money Laundering (AML) detection through Artificial Intelligence (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 Anti Money Laundering (AML) detection through Artificial Intelligence (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 Anti Money Laundering (AML) detection through Artificial Intelligence (AI) Mr. Miller holds the designation as a Fellow of the Life Management Institute, Certified Anti-Money Laundering Specialist (CAMS) and Associate in Insurance Regulatory Compliance (AIRC). He has also led the charge as an adept change manager with a leading insurer with special experience in leveraging IT, possesses a highly successful track record in Customer Relationship Management, Strategic Management and Scenario Planning. His qualifications coupled with his unique skill and competencies demonstrate his aptitude as a well-versed lecturer / trainer.  More specifically, his role as a TTII lecturer and trainer has spanned a diverse range of subject areas namely Ethics, 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 1^st Vice President of the Association of Insurance Institutes of the Caribbean (AIIC). Not only is Ulric a well-versed subject matter expert, but with over 45 years’ experience, his role in the TTII and as an industry professional, he has been very instrumental in developing and preserving the knowledge landscape for the industry’s human capital. His unwavering dedication to leadership and management is reflected in his service as a member on various state and private boards.   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 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 and recently completed her MSc in Insurance and Sustainable Risk Management at Glasgow Caledonian University, UK.