Financial Crime Innovators: Araliya Samme, Head of Financial Crime, Featurespace (UK)

Marie and Sam chat with Araliya Samme about her role at RegTech firm, Featurespace, the detection of unusual behaviour using machine learning as part of financial crime investigations to better detect and report suspicious activity,  How behavioural analytics work in practice and why the 'one size fits all' approach to compliance monitoring is quickly becoming obsolete.  They also explore the crime trends seen during the COVID crisis and how the use of money mules has been on the increase, where Araliya shares a case study on "inter-minglers"  or customers who hold multiple bank accounts as a tactic to obscure the overall flow of funds and the sources from which they came.  She also shares a great illustration on why source of wealth and funds forms a part of CDD and how Featurespace technology was able to  help one bank say in relation to one customer, "I don't think so".And forget about how to tame your dragon, how do you go about taming and training your behavioural AI? Listen and find out?

Om Podcasten

This podcast was inspired by the evolving Covid-19 restrictions and how it has impacted compliance professionals working in financial crime prevention. Reaching out to individuals across the globe, hosts Samantha Sheen and Marie Lundberg look at how people are adjusting to remote working from home while still keeping up efforts to detect, prevent and disrupt financial crime. The topics covered range from governance, KYC, transaction monitoring to cyber security and accountability.Taking a plain speaking approach, Marie and Sam analyse notable cases involving financial crime, epic “compliance fails” and lessons learnt along the way. And to help fellow compliance professionals keep on top of their CPD, case studies with illustrative slides are also included – a bit like story time for adults – so enjoy.