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Fraud Risk Deep Dive & Report 2024: Agenda

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13:00
  1. Welcome Address: Georgina Banham, Head of Financial Crime Production, 1LoD
    5 mins
13:05
  1. Regulatory Keynote Address:
    10 mins
13:15
  1. Debate: AI: A Friend or Foe to Fraud Teams?
    50 mins
    • How are criminals utilising artificial intelligence (AI) to exploit vulnerabilities within banks’ fraud control frameworks? How advanced are these threats?
    • To what extent does AI present complex challenges for banks in effective fraud prevention and detection?
    • How are banks mitigating fraud with the use of emerging AI technologies such as Generative AI (GenAI)? What are the specific use cases?
    • Which skillsets are necessary to unlock the full potential of advanced technologies?
14:15
  1. Roundtable Discussion: Fraud threats of the future
    40 mins
  2. Roundtable Discussion: Generating synthetic data to effectively train fraud models
    40 mins
15:05
  1. Debate: Ensuring Accurate Financial Statement Reporting to Mitigate Corporate Fraud
    50 mins
    • How are banks utilising advanced technologies to identify falsified financial statements and documents provided by corporate clients?
    • How are banks approaching internal safeguarding against financial statement fraud, and how can institutions manage potential associated reputational risk?
    • What training should be provided to employees in order to mitigate the risks associated with financial statement fraud?
    • How are banks developing their financial crime and fraud teams to provide them with the necessary skills to adequately spot financial statement fraud?
15:55
  1. Closing Remarks: Georgina Banham, Head of Financial Crime Production, 1LoD
    5 mins
13:00
  1. Welcome Address: Georgina Banham, Head of Financial Crime Production, 1LoD
    5 mins
13:05
  1. Regulatory Keynote Address:
    10 mins
13:15
  1. Debate: Fraud Model Risk Governance
    50 mins
    • How are banks developing effective model governance and controls to keep up with the ever-evolving landscape of criminal activity in fraud?
    • What are the key components and considerations for firms when developing a robust model life cycle?
    • How are banks implementing rigorous model validation, and how do they ensure that certain biases are not built into internal models? To what extent does bias affect model validation?
    • Which metrics should banks be implementing to ensure sound performance measurement and mitigate the number of false positive alerts, especially within rules-based systems?
14:15
  1. Roundtable Discussion: Ensuring effective understanding of supply chains to mitigate fraud risk
    40 mins
  2. Roundtable Discussion: How are banks protecting clients against criminal activity?
    40 mins
15:05
  1. Debate: Ensuring Effective Due Diligence for New Clients to Mitigate Fraud Risk
    50 mins
    • How are banks enhancing their frameworks to identify potentially fraudulent clients during the onboarding process?
    • To what extent are banks incorporating adverse media screening into their enhanced due diligence (EDD) processes to identify ultimate beneficial owners (UBOs) of shell companies? How effective is media screening when identifying fraudulent clients?
    • How are banks streamlining their fraud processes to ensure fraud risk is most effectively mitigated?
    • What does a good enterprise-wide fraud risk assessment look like?
15:55
  1. Closing Remarks: Georgina Banham, Head of Financial Crime Production, 1LoD
    5 mins

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