FinCrime Hot Topics — Recession risks, Responding to Effectiveness, Adapting to AI, and More

This year is only half over and according to the headlines, it’s already been a wild ride in the financial crime compliance industry. Multiple bank failures, cryptocurrency exchange failure/scandal, and the warp speed adoption of Artificial Intelligence (AI) have made this year busy for compliance officers.

The fear of entering a recession can drive companies and individuals to make decisions they normally would not. How can we as individuals and compliance officers brace ourselves and contribute to a stable economy? How can we, as compliance officers, balance the need for revenue and comply with the risk appetite in your firm?

In this session, panelists discuss these questions and more, including:

• A review of FinCrime compliance events that have happened thus far in 2023
• How AI is impacting our products, lives, and jobs
• How to utilize your FI’s risk management system