Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
AML OVERVIEW
MARCH 10, 2015
CARLOS SOVEGNI
FRAUD PREVENTION & AML SPECIALIST
Copyr i g ht © 2015, SAS Ins t i tu t e Inc . A l l r ights reser ve d .
AGENDA
• General Trends
• Convergence to FCIU
• AML 3.0
• SAS Strategy
Copyr i g ht © 2015, SAS Ins t i tu t e Inc . A l l r ights reser ve d .
AML OVERVIEW GENERAL TRENDS
• Recent Enforcement Actions
• HSBC
• Banamex (Citigroup)
• Standard Chartered
• GeoPolitical
• International Wires (Drugs & Terrorism)
• Corruption
• Regulatory Pressure (US & European)
TRENDS
Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
AML OVERVIEW FCIU
• Fraud Prevention
• Strategy
• Operations
• AML
• Security
• Internal
• External
“FCIU”
Financial Crimes
Investigation Unit
Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
GLOBAL FCIU GLOBAL ROLL-UP ADDITIONAL INVESTIGATION LEVEL
AP
USA
LAM
EMEA
FCIU
Level 4
The FCIU is “Second Line”
system providing an
additional Investigation level
that looks for cross border,
cross product AML risk.
This provides a true holistic
enterprise monitoring
capability
Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
GLOBAL FINANCIAL INTELLIGENCE
PLATFORM (FIP)APPROACH
• CENTRAL GOVERNANCE
Summary cross-border alert
data & analytics
Monitor investigations
• REGIONAL OPERATIONS
Data / systems hubs
Monitoring unique to regions
In-country investigation teams
• “SAFETY NET”
Surf all internal / external data for
early detection of risks
FEDERATED DATA ACCESS
Global FCIU
CASE MANAGEMENT, GLOBAL MI & DASHBOARDS
ANALYTICS INVESTIGATIONSDATA MANAGEMENT
US Regional Hub ASIA Regional Hub UK Regional Hub
This allows the bank to manage their financial crime risk rather than managing the regulators
ENGAGEMENTS
Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
AML OVERVIEW AML 3.0
Automated Surveillance
“status quo”
“batch processing”
“known behaviors”
“structured data”
Proactive Discovery
“big data analytics”
“dynamic / in-memory”
“unknown patterns”
“unstructured data”
ANALYTICS USE CASES
• Segmentation
• Peer-Based Anomaly Detection
• Alert Prioritization and Routing
• Automated Alert Triage & Scoring
• Client Risk Rating
• Holistic Customer Assessment
• Emerging Risk Analysis
• Model Risk Governance
Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
UPDATE ON SAS AML APPROACH FOR TRANS. MONITORING
Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
UPDATE ON SAS AML APPROACH FOR END-TO-END
Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
OUR STRATEGY WHY SAS AML?
• Cloud Friendly
• Full Data
Populations
• Quick Impact
Assessments
• Multi-Cycle
Processing
• Effective
Challenge
• Ability to Look-
Back
• Releases every
6 Month
• Enhanced
Functionality
• Building
Templates
• Building
Effectiveness
Reporting
• Model
Documentation
• Experts
In-Memory IP Authoring Optimization
• Decision Tree
• Threaded Rules
• What-If
Simulation
• Scenario
Transparency
• Scenario
Management
• Anomaly
• Predictive
Models
• Publishing
Methodology
• Education:
“Teaching to
Fish”
• Alert Scoring &
Triage
• Piloting with a
large bank
Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
$100m revenue
41% growth
Fastest growth
in solutions
Federal Reserve
Internal Revenue Service
Office of the Comptroller of the Currency (OCC)
Financial Crimes Enforcement Network (FinCEN)
SAS Anti-Money Laundering™ Customers
Security Intelligence Financials
US Regulatory Presence
Analyst View
Natio
nal Secu
rity
Pu
blic Secto
r
Glo
bal Fin
ancial M
arkets
• 98 of 100 Largest
Fortune 500 Global
Banks
Business and Technology Innovation
Bank of America
Bank of Tokyo Mitsubishi- Japan
Commonwealth Bank of Australia
Huntington Bank
Santander US
TD Bank
Union Bank
Wells Fargo
SAS CREDENTIALS IN AML/CFT COMPLIANCE
“Magic Quadrant”: Data Integration,
Business Intelligence & Analytics
“Leader” in Big Data Predictive Analytics,
Enterprise Fraud Management
“Leader” Anti-Money Laundering
Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
SAS EXPERIENCE AML REPLACEMENT
CHALLENGES
• Heightened regulatory pressures
• Need to scale their transaction monitoring processes
• Desire to improve model risk tuning & optimization
• Current vendor used “black box” analytics
• Apply network analytics against historical investigations
to quantify nexus between AML and Fraud
SOLUTION
• High Performance AML
• Peer Grouping and Anomaly Detection
• Enterprise Case Management
• Visualization (Visual Analytics & Visual Scenario Designer)
PROFILE
• GLOBAL TIER 1 BANK
Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
DEMO AML + VSD + VA
Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
QUESTIONS?
Company Confidential - For Internal Use Only
Copyright © 2015, SAS Insti tute Inc. Al l r ights reserved.
GRACIAS Y SALUDOS
Top Related