Transforming AML Compliance - The Power of Generative AI

On September 27th, live from Copenhagen, Marco Beranzoni of FinCrime Agent and SymphonyAI delved into the future of AML and Compliance. Drawing from a rich personal journey that spanned from Sanctions Screening Officer to Financial Crime Specialist, Marco showcased how the advent of generative AI is revolutionizing the industry. Discover the game-changing capabilities of SymphonyAI's SENSA Copilot, and how it's set to reshape financial crime prevention, making it faster, smarter, and more effective. Dive in to learn about the powerful synergy of AI and human expertise in ensuring a safer financial landscape.
#NFW23 #AML #FinCrimeAgent
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▬▬ CHAPTERS ▬▬
00:00 - Intro
00:37 - Marco’s talk about AI in AML and Reg-Compliance
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This video is intended for general informational or entertainment purposes only. The views and opinions expressed in this video arethose of the author and do not necessarily reflect the original policy or position of people, institutions, or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated. Furthermore, no endorsement of any criminal activity is expressed or implied.
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#AML

[@amjadhussain7581]

Excellent Presentation

[@FinCrimeAgent]

Thank you 🙏🏻

[@patrickbowe1]

🎯 Key Takeaways for quick navigation: 00:00 *💼 Introduction to AML Compliance Challenges:* - Marco introduces the innovative use of generative AI in AML compliance to improve job satisfaction and efficiency in the regulated sector. - He reflects on his personal experience as a sanctions screening officer and the challenges faced due to high volumes of alerts and false positives. - Despite the challenges, Marco emphasizes the importance of technology in addressing these issues and improving the effectiveness of AML compliance. 08:09 *🤖 The Impact of AI Technology on AML Compliance:* - Marco discusses the impact of AI technology, particularly ChatGPT, on the job market and the financial crime sector. - He addresses concerns about job displacement and the need for adaptation in the face of technological advancements. - Marco highlights the resilience of the financial crime sector and the role of technology in combating financial crimes effectively. 12:09 *🛠️ Introduction of SENSA Copilot Solution:* - Marco introduces SENSA Copilot, a solution developed by Symphony AI to enhance efficiency and productivity in AML transaction monitoring. - He explains how SENSA Copilot supports investigators by pre-populating research, summarizing information, and streamlining the investigative process. - Marco emphasizes the positive impact of SENSA Copilot on productivity, citing a significant increase in efficiency observed during pilot testing with financial institutions. Made with HARPA AI

[@FinCrimeAgent]

what you posted is a accurate - I don’t usually allow unauthorised branded comments but you can stay for this time

[@ismailaka3032]

Greetings dear friend, I would like to know what books besides local regulations you would recommend to read. Because I can not find normal literature to read. Since I discovered this field about a year ago, I would like to fully understand it. Thank you in advance from Kyrgyzstan).

[@ismailaka3032]

I've been watching your videos for about a month now, and have already watched most of them. I would like to improve my skills in a practical sense.

[@FinCrimeAgent]

Hello and greetings from London! It's wonderful to hear from someone in Kyrgyzstan, and I'm truly honored that you've been following my videos. I'm glad to know you're keen on deepening your understanding of the field. Apart from local regulations, there are several foundational and insightful books that I'd recommend: "Corruption: What Everyone Needs to Know" by Ray Fisman and Miriam A. Golden - This book provides a global overview of corruption, discussing its nature, causes, and consequences. "The Corruption Cure: How Citizens and Leaders Can Combat Graft" by Robert I. Rotberg - This book offers solutions and strategies to combat corruption based on case studies from around the world. "Thieves of State: Why Corruption Threatens Global Security" by Sarah Chayes - Chayes explores the intricate relationship between corruption and global security, drawing on her experiences in Afghanistan and other conflict zones. "The Quest for Good Governance: How Societies Develop Control of Corruption" by Alina Mungiu-Pippidi - This book delves into the historical and cultural contexts of corruption and how societies have evolved to control it. "Why Corruption Matters: Understanding Causes, Effects and How to Address Them" by Heather Marquette - A comprehensive guide that delves into the intricacies of corruption, its impact, and potential solutions. Take a look at those books, I hope they will trigger your interest. Also is worth to remember, while books provide a solid foundation, practical experience and continuous learning are key. Engage in discussions, attend workshops or webinars, and consider joining forums or groups related to the field. Thank you for your support and enthusiasm. Keep the curiosity alive, and I wish you all the best in your journey of understanding and mastering the field!

[@FinCrimeAgent]

Thanks for this! P.S. on my other reply, I'm not affiliated with those books in any way - I just think they could be interesting to read for you 🤓