1LoD

We are delighted to announce that 1LoD has been acquired by Infopro Digital. Through its brands Risk.net and Chartis Research it is a leading provider of information services to risk management professionals in financial services. With their strength in financial risk and our focus on non-financial risk the two businesses are highly complimentary and we are very excited about the next stage of 1LoD’s expansion.

What is best practice when defining clients as low, medium, or high risk and how are banks ensuring the appropriate risk rating categories? Which considerations should banks be focusing on when categorising their clients as low-, medium- or high-risk? How can banks utilise transaction monitoring systems to detect abnormal behaviour patterns and scenarios? Join the panel discussion: Operationalising the Client Risk Rating (CRR) Model: Defining Low-, Medium- and High-Risk Clients for Effective AML featuring: • Jasbinder Athwal, LL.M, FICA, Managing Director, Global Head of Financial Crime, NatWest Markets Plc • Carly Blades, JD, CAMS, Managing Director, Head of Europe FCRM, Global GBM FCRM Governance & Operations, Scotiabank • Tamsin Bury, Managing Director, Business and Client Services, Global Head of Client Onboarding Services, RBC Capital Markets • Chris Kiew-Smith, Managing Director, Global Head of AML Prevention, Citi • Kieran Holland, Head of Technical Solutions, FinScan Moderated by Harry Batstone, Head of XLoD Production, 1LoD 📍The Financial Crime Summit - London - Strengthening Financial Crime Risk Management through Innovation, Collaboration, and Technology 📆 5 September 2024 #1LoD #FinancialCrime #FinCrimeSummitLDN

Across the two days of the annual virtual Comms Surveillance Deep Dive, 1LoD brought together senior surveillance leaders to discuss the evolving regulatory landscapes and technological advancements in comms surveillance. Key takeaways: • Firms need to prioritise data quality, governance, and stewardship to ensure reliable data ingestion and to track exceptions with detailed reconciliation reports so that they meet regulatory expectations • Continuous improvements and integration with robust data-management systems are necessary to demonstrate that firms follow policies and procedures, thus meeting regulatory expectations • Cloud-based infrastructure is essential for improving data quality and enabling more effective communications surveillance because it allows firms to handle increasing volumes of work, to process data more efficiently and to manage their resources better To read the annual report and gain insights, please visit the link in the comments. 📍 Comms Surveillance Deep Dive 📖 Commissioned by PwC #CommsSurveillance #DeepDive #1LoD

1LoD's Marketing Director, Daniela Kaltenbach, and Co-Founder, John Baskott, are looking dashing today at the Conference & Events Awards 2024 hosted by GCN Events, where we: - won the Bronze award 🥉 for The Financial Crime Summit: Event of the Year (up to 1,150 attendees) - and were finalists for XLoD Global: Best Conference / Event Series (up to 2,000 attendees) This recognition underscores the dedication and effort our team invests in crafting exceptional events. We extend our heartfelt thanks to the senior practitioners who have contributed as attendees, speakers, moderators, or discussion facilitators, enriching the experience for all participants.

🔔 New blog post: Will AI really reduce surveillance costs? A cynic might argue that the cost of surveillance is essentially the cost of generating and dispositioning noise. But surely artificial intelligence (AI) will cut the cost of this dramatically? Read the full blog here: https://hubs.la/Q02DHccB0 #Surveillance #1LoDSurveillanceBlog #1LoD

There are three big picture takeaways from The 2024 Surveillance Benchmarking Survey & Report: 1. The influence of the regulators on how surveillance teams are organised, how big they are, what technology they buy and when, and what areas of surveillance they are focusing on at any particular time is even more pervasive than ever. 2. Mid-tier banks can no longer get away with minimalist surveillance or argue that they have no impact on market integrity. Regulators are now turning their attention to smaller institutions and can be just as aggressive as they are with the larger firms. 3. Technology really is now starting to transform the surveillance function. As new technology develops, it will highlight a strategic choice that has always existed, but rarely been acknowledged: do banks want to be 'high-tech low-people', or 'low-tech high-people'. To download and read the full report, please check the link in the comments. The report is sponsored by: Lead Sponsors: Smarsh, Business Systems Co-Sponsors: Bloomberg, b-next group, Eventus, LeapXpert, MCO (MyComplianceOffice)

One theme that emerged over in the 1st Line Risk & Control Deep Dive 2024 was the need to align 1st line responsibilities with evolving risk landscapes, in particular the need to enhance cybersecurity practices, better understand geopolitical and regulatory risks, and address the increasing 3rd & 4th party risks that firms now face. It is crucial for practitioners to understand the complexities involved in new technologies such as artificial intelligence (AI), alongside traditional risk management skills. The need for ‘Master Generalists’ who can bridge specialist knowledge and business applications is fundamental to integrated roles within risk management. To read the annual report and gain the full insights, please visit the link in the comments. Commissioned by: Accenture and PwC 📍 1st Line Risk & Control Deep Dive #1stLineRiskControlDD #RiskManagement #RiskMitigation #RiskandControl #1LoD

BREAKING NEWS: Financial crime has infiltrated Canary Wharf! We're joking, but now that we have your attention, be sure to keep your eyes peeled on the London Underground network in Canary Wharf for posters of The Financial Crime Summit - London. 📍The Financial Crime Summit - London - Strengthening Financial Crime Risk Management through Innovation, Collaboration, and Technology 📆 5 September 2024 #1LoD #FinancialCrime #FinCrimeSummitLDN

📖 The annual report for The Financial Crime Summit - New York is now available to read! If you missed us in New York or would love to hear more from the leading practitioners who are pioneering best practice in tackling economic crime globally, then join us at The Financial Crime Summit - London on 5 September. 🎟️ The Super Early Bird rate expires on the 30 June, so be sure to secure your seat at the lowest rate available now!

The 2024 Surveillance Benchmarking Survey & Report found that there was widespread dissatisfaction with legacy technology across trade, e-communications and voice. But the number of institutions, both large and small, who anticipate buying technologies to support their voice surveillance efforts over the next three years was striking. To learn more, you can read our in-Depth report, commissioned by Business Systems: The biggest risk in voice surveillance isn't surveillance. 📖 The in-Depth report provides supplementary data from The 2024 Surveillance Benchmarking Survey & Report, zooming into the question: 'Do you anticipate buying technologies to support your Voice Surveillance in the next 3 years?'. #surveillance #compliance #benchmarking #surveillancereport