AML Grey Matters - AML Compliance Remediation Project Management

In this AML Grey Matters webinar, we dove deep into the complexities of managing an AML remediation project. Our panel featured three founders of AML service providers and a former regulator, bringing unique insights into AML, regulatory oversight, and innovation. We discussed key aspects of AML remediation and shared practical tips for success.
Key Highlights:
Understanding Remediation Needs: John Carr from Mwek Services emphasized the importance of identifying the root cause of the need for remediation, often due to resource constraints and the necessity for innovative solutions.
Innovation in AML: The discussion highlighted the critical role of innovation in AML compliance, from re-evaluating policies and procedures to adopting new technologies like electronic ID verification, which streamlines the remediation process and improves efficiency.
Regulatory Challenges: We explored the challenges businesses face in adopting new technologies due to outdated regulatory guidance, and how jurisdictions that encourage technological adoption can become more competitive.
Practical Tips for AML Remediation: John shared detailed steps for successful remediation projects, including pre-planning, goal setting, project management, forming a steering committee, and reporting.
Special Guests:
John Carr (Mwek Services): Led the discussion on AML remediation project management.
Jonathan Wauton (Tiller Technologies): Provided insights on electronic ID verification technology.
Anthony Brennand (Demdike Innovation): Shared his perspective as a former regulator and current innovation consultant.
Watch the full discussion and gain valuable insights to enhance your AML compliance efforts. Don't forget to like, comment, and subscribe to our channel for more expert discussions on AML compliance. You can also subscribe to AML Grey Matters to join us for the live broadcasts at www.silocompliance.com.
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