Advancing Australia’s AML agenda: identifying risk through typology-based scenario modelling, analytics and AI

January 21, 1:00 pm EST

On-Demand Webinar

Financial crime remains an ever-present danger to all businesses, as the pandemic and related response measures continue to generate new opportunities for criminal exploitation. While reporting entities have continued to serve as the front line of defence against financial crime, doing so has not been without challenges.

AUSTRAC regularly publishes typology reports to help reporting entities detect suspicious transactions. Yet, incorporating specific and sometimes complex typologies in financial crime compliance programmes is not always straight forward. Further difficulties arise when trying to apply typology-based scenarios in traditional rule-based monitoring systems.

Co-hosted by Nice Actimize and Regulation Asia, watch the on-demand virtual expert panel recording to find out more about the evolution of typologies and how they are used across jurisdictions to enhance AML programmes and monitoring systems. We will also explore how typology-based scenario modelling, data analytics and AI/machine learning are currently being used to enhance detection of suspicious activities.

Key themes:
  • Understanding typologies in the Australian context
  • Monitoring and risk mitigation challenges for reporting entities
  • Using typology analysis and scenario modelling in monitoring
  • Enhancing detection through data analytics and AI/machine learning

Brad Maclean
Regulation Asia
David Hawkins image

David Hawkins
National Manager, Intelligence Partnerships 
Damien Matich
Damien Matich
APAC Financial Crime SME
NICE Actimize
Richard Carrick Image
Richard Carrick
Crimestoppers Asia

About NICE Actimize
NICE Actimize is the largest and broadest provider of financial crime, risk and compliance solutions for regional and global financial institutions, as well as government regulators. Consistently ranked as number one in the space, NICE Actimize experts apply innovative technology to protect institutions and safeguard consumer and investor assets by identifying financial crime, preventing fraud and providing regulatory compliance. The company provides real-time, cross-channel fraud prevention, anti-money laundering detection, and trading surveillance solutions that address such concerns as payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence and insider trading.
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