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  • Tuesday, June 25 | 10:15–11:30 AM


    CPE Credit: 1.5

    Level: Intermediate

    Recommended Prerequisite: An understanding of how financial institutions collect and use KYC information and how they monitor customers to detect suspicious behavior indicative of money laundering and fraud

    Field of Study: Information Technology

    Organizations are feeling pressure to reduce the number of false positives and negatives generated by today's transaction monitoring systems and improve true positives. Improving accuracy requires institutions to leverage more structured and unstructured data, often overwhelming existing investigative teams.

    This session will outline techniques used to reduce false positives in transaction monitoring, payment fraud and insurance fraud, while helping institutions look at new ways to segment customers and assign risk.

    You Will Learn How To:

    • Identify how AI can support and improve the detection of suspicious behavior
    • Assess ways to leverage robotic process engineering, combined with analytics, to improve the investigative process
    • Appraise how data is being used in institutions to better assign risk, leading to fewer false positives
    • Recognize that more transparency in using AI is gaining the support of regulatory agencies
    Clark Frogley, CAMS

    Global Financial Crime Solutions Leader, IBM

    Clark Frogley has worked with leading companies for more than 30 years to understand and reduce the impact of fraud, money laundering and terrorist financing. He has been a featured speaker at worldwide conferences.

    Frogley investigated organized and financial crime with the FBI, and he served as the Assistant Legal Attaché in the U.S. Embassy in Japan. Over the next 18 years, he served in executive positions in financial crime with Goldman Sachs, Deutsche Bank and AIG. Frogley has led transformation initiatives in banking and insurance focused on AML, KYC and counter-fraud operations and investigations.

    Frogley was a partner in EY’s AML and Financial Crime Practice, where he helped clients develop and improve their regulatory and risk programs. After joining IBM in 2015, Frogley has served as the global head of AML and Counter Fraud Services, and as a Vice President, leading the establishment and growth of a Financial Crime Practice in Japan.

  • Clark Frogley, CAMS

    Global Financial Crime Solutions Leader, IBM

    Clark Frogley has worked with leading companies for more than 30 years to understand and reduce the impact of fraud, money laundering and terrorist financing. He has been a featured speaker at worldwide conferences.

    Frogley investigated organized and financial crime with the FBI, and he served as the Assistant Legal Attaché in the U.S. Embassy in Japan. Over the next 18 years, he served in executive positions in financial crime with Goldman Sachs, Deutsche Bank and AIG. Frogley has led transformation initiatives in banking and insurance focused on AML, KYC and counter-fraud operations and investigations.

    Frogley was a partner in EY’s AML and Financial Crime Practice, where he helped clients develop and improve their regulatory and risk programs. After joining IBM in 2015, Frogley has served as the global head of AML and Counter Fraud Services, and as a Vice President, leading the establishment and growth of a Financial Crime Practice in Japan.

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