Financial crime is commonly considered as covering the following main offences: fraud, money laundering, terrorist financing, bribery and corruption, tax evasion and tax fraud, failure to adhere to international sanctions regimes, market abuse and insider dealing. 

Currently, there is a huge regulatory pressure on financial institutions to be a front-line defense against financial crimes. The threat of significant fines and potential damage to their reputations is driving them to make significant investments in technology/systems, governance, training and process controls. They must be able to articulate the financial crime risks inherent in their businesses and must have programs and tools in place that are appropriate for those risks. A robust system requires that institutions have a clear understanding of their customers and to be able to appreciate what is "normal" behavior for each customer through millions of transactions that occur every day.

The session will highlight the three lines of defense of the Compliance programs which allow to prevent, detect and deter financial crimes. It will also cover practical cases and will refer to the competitive impacts on every facet of the business.