Revolutionizing Transaction Monitoring Using Artificial Intelligence
- Sep 5, 2024 10:00 a.m.
- Central Time (CT)
Webinar
Course Level
Intermediate
Intermediate
Delivered via
Online
Online
Duration
100 minutes
100 minutes
Revolutionizing Transaction Monitoring Using Artificial Intelligence
Description
Artificial intelligence (AI) is increasingly being used by fraudsters in money laundering efforts, presenting a formidable challenge to the fraud-fighting community. In response, fraud examiners must equip themselves with advanced techniques to combat this evolving threat.
In this session, you will explore the use of AI in anti-money laundering, as well as fraud prevention and detection, with a focus on developing rule-based and prediction-based scenarios. Additionally, you will review examples of mobile and internet banking fraud, along with the challenges and risks associated with using AI and how to mitigate those risks.
Prerequisites
This session is for CFEs with a basic knowledge of fraud monitoring or compliance programs. Individuals should have prior basic knowledge of anti-money laundering compliance programs.
You Will Learn How To:
Implement AI to develop scenarios that detect anomalies in banks and financial institutions.
Differentiate between rule-based and predictive analytics.
Apply best practices to manage false positive alerts.
CPE Information
| CPE Credit: | 2 |
|---|---|
| Advanced Preparation: | None |
| Delivery Method: | Group Internet Based |
Credit by Field of Study
| Information Technology: | 2 |
|---|
Presenter
Haitham Humeid Al Raisi, CFE - Speaker
Associate Vice President, Fraud Risk Management
Sohar International
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The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.