Webinar  | Wednesday, October 8th @ 11:00 a.m. ET

Busting six myths that might be holding back innovation in AML/KYC compliance 

What will we discuss?

The Bank Secrecy Act (BSA) has been around since the 1970s, supplemented with new anti-money laundering (AML) rules and requirements each decade; but money laundering still occurs at startling numbers.  

Long-standing estimates measure money laundering at 2-5% of global GDP! 

Some financial institutions spend billions of dollars and employ thousands of professional staff to help combat financial crime. But, are we achieving “impactful disruption?” 

There is the promise of AI, yet there are some myths standing in the way.   

Why should you join?

During this webinar, Saifr's Strategic Risk Advisor, Jon Elvin, will examine each of the common reasons many AML teams are hesitant to start or scale their use of AI and share his thoughts on whether or not those reasons have merit or are holding teams back from achieving that impactful disruption so many firms aim for.

Common myths we'll take a look at include...

• Myth #1: If it isn’t broken…. 
• Myth #2: Regulators might automatically reject 
• Myth #3: Good enough isn’t good enough  
• Myth #4: I need to know everything about AI before I start 
  
• Myth #5: AI will solve everything…and won’t bring residual risk 
• Myth #6: AI will take over my department. 

Who should attend?

This webinar will speak to the Anti-Money Laundering (AML) professionals and executives who are curious to know how they can help better protect their organizations and mitigate risk. If you are an (AML) Risk Executive, a Chief Compliance/AML Officer, or Fraud Executive, or simply looking to expand your knowledge and skills, come hear Jon Elvin bust these myths and help you create a roadmap to explore responsible AI innovation in AML/KYC. 

The information provided during the webinar is not legal or compliance advice. Views expressed are as of the date indicated, based on the information available at that time. Unless otherwise noted, the opinions provided are those of the speakers and not necessarily those of Fidelity Investments or its affiliates. Saifr's products and services include tools to help users identify potential leads for further investigation.  Saifr is not a consumer reporting agency as defined under the Fair Credit Reporting Act (FCRA), and its products and services may not be used to serve as a factor in establishing an individual’s eligibility for credit, insurance, employment, benefit, tenancy, or any other permissible purpose under the FCRA. Saifr's products and services does not include and are not permitted to be used for background checks. Saifr's products and services are not intended to replace the user’s legal, compliance, business, or other functions, or to satisfy any legal or regulatory obligations.  All compliance responsibilities remain solely those of the user. 

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