ACAMS Vancouver: Best Practices to Mitigate, Detect and Investigate Third Party Risk
In today’s climate of increased regulatory requirements coupled with stricter enforcement, knowing your clientele is now entrenched as a critical business imperative. To ensure compliance with a host of Anti-Money Laundering (AML) and Anti-Corruption & Anti- Bribery Acts (FCPA, CFPOA, UKBA, CCA, etc.) it’s important to understand the entities (employees, vendors, etc.) with which you do business, so as to maintain an ethical ecosystem.
In this session, we will discuss best practices to manage third-party risk, such as:
- Key reporting requirements for internal stakeholders and regulators
- Assessing and building sustainable internal controls
- Effective data management to determine heightened risk individuals and entities
- Collaborative approaches to enhanced due diligence
- Training and educating employees and counterparties
Andrew Simpson, Chief Operating Officer, CaseWare Analytics
Andrew Simpson has close to two decades of experience in the information systems and security business; specifically data analytics, interrogation and forensics. He is a regular contributor to various ACAMS, Western Union, Money Service Businesses (MSBs) and Financial Crimes events. Andrew previously worked with Ernst & Young as an IT Security Specialist and earned an honours degree in Computer Science and Mathematics from the University of the West Indies, as well as his MBA in Banking and Finance at the University of Wales and Manchester Business School.
Jeff Woods, Head of Risk Specialty Sales, Americas, Thomson Reuters
Jeff Woods has a long career in the risk management space. He has worked with Compliance professionals for years both at Dun and Bradstreet and now with Thomson Reuters. Jeff has helped numerous high-profile clients effectively manage the risk in both their client base and supply chain. Jeff specializes in helping clients with complex onboarding processes risk rank and effectively screen 3rd parties. Jeff currently leads the IntegraScreen Enhanced Due Diligence and the World-Check businesses in the Americas.