ACAMS Virtual Hollywood
ACAMS 25th Annual International AML & Anti-Financial Crime Conference — Hollywood dove into the latest regulatory trends, technological advances, new crime typologies and case studies, enforcement actions and more. Jo Ann’s session, “Innovating Risk Management: Strategies for FinTech and Other Financial Innovators,” explored mapping risk management issues for FinTech enterprises including rapid payments processing and remote onboarding to develop and implement a culture of compliance, formalizing risk assessment protocols for innovative products and services to identify fraud risks and ensure oversight adequacy that meets regulatory expectations, and conducting independent testing of AML regime to keep oversight robust, document proficiency in detecting and resolving red flags and make systemic corrections as necessary.