Warm wishes for Diwali to all from Team 1LoD!

Our Technical Director of BCB's Financial Crime team, Kamran Choudhary, is joining the illustrious Financial Crime Summit by @Team_1LoD tomorrow as roundtable host, to facilitate the discussion with top practitioners from the world’s leading banks and other financial institutions

Today's a busy day for events! If you're at the @Team_1LoD Financial Crime Summit in London, or the @TformFinance FinCrime & Cybersecurity Summit in Frankfurt, visit us! Find details of these, plus upcoming events, here 👉 https://t.co/WuOLvWGlka #FinCrime #Cybersecurity

The incorporation of new communication channels into banking operations involves a combination of strategic planning, technical integration, and ongoing monitoring and compliance efforts. #AsiaPacSurveillance #Surveillance #1LoD

@Team_1LoD's #XLoD Global Surveillance Summit in New York emphasized the need for innovation in #compliance, yet many firms struggle to keep up. Is your firm keeping pace? Discover more: https://t.co/biDpToCtWN

Criminals increasingly use virtual wallets and cryptocurrencies to get around KYC procedures, taking advantage of the anonymity and ease of cross-border asset movement. Learn more: https://t.co/i1paSQ1DyM Sponsored by @smartkyc #Onboarding #KYC #pKYC #FinancialCrime

Rapid changes in markets and technology have led to the creation of a complex financial infrastructure, making data tracking and regulatory compliance more complicated for banks. Learn more: https://t.co/Pmf2D2jwNv Sponsored by @PwC_UK #TradeSurveillance #Surveillance #1LoD

Communication surveillance is even more complex in Asia Pacific because it is a multi-lingual region. A key takeaway was the potential for using AI as a first step for translation. Read the full report: https://t.co/dyhMfbC5f9 #AsiaPacSurveillance #Surveillance #1LoD

Participants questioned whether existing technology is good enough to satisfy regulators’ expectations. Read more: https://t.co/66zEzJE6AD 📖 Sponsored by @PwC_UK #CommsSurveillance #Surveillance

The Early Bird rate for The Financial Crime Summit - London is ending next Sunday 25 August! Don't miss out on this opportunity to save your seat at the lowest rate available. 📍The Financial Crime Summit - London 📆 5 September 2024 #1LoD #FinancialCrime #FinCrimeSummitLDN

🛰️🌎 Please welcome Tim Peake, British European Space Agency Astronaut & Best Selling Author, who will be bringing a unique perspective in risk management direct from the aerospace and space exploration industry. Learn more: https://t.co/pHK6lRYyT4 #RiskManagement #Aerospace

Banks must show they have met global standards and local regulatory requirements, and provide evidence of regular reviews and updates to their risk-management strategies. Read the annual report: https://t.co/74yhDndhRH Sponsored by @smartkyc #Onboarding #KYC #FinancialCrime

The basic geographical split may seem unsurprising, however, it means that more than half of all #surveillance staff are located in onshore hubs – why put so many people in expensive places? The 2024 Surveillance Benchmarking Survey & Report: https://t.co/tnEylZCc2V

Panellists agreed that data accuracy, completeness, and the integration of structured and unstructured data are critical issues for banks. To read the Trade Surveillance annual report,m please visit: https://t.co/QGndxZyB6T Sponsored by @PwC_UK #TradeSurveillance #Surveillance

The agenda for XLoD Global - London is now live and ready to download! View here: https://t.co/Yv64PE7sVm 📍 XLoD Global - London 2024 - Innovation & Collaboration: Advancing Non-Financial Risk Management Across the 3 Lines of Defence #RiskManagement #Compliance #InternalAudit

We are delighted to share the annual report for XLoD Global - New York that took place in June. To read the report and gain the full depth of insights, please visit: https://t.co/ainWnVUAZz 📍 XLoD Global - New York 2024 #XLoDNY #1LoD #RiskManagement #Compliance #InternalAudit

While some argued in favour of a globally consistent programme, others preferred a hybrid approach combining global standards and local requirements. #AsiaPacSurveillance #Surveillance #1LoD

Policies, app bans, and increased attestations were considered crucial in managing communication risks. Effective compliance relies on clear policies, robust training programmes, and strict enforcement. Read more: https://t.co/dUIJXgAt1o, Sponsored by @PwC_UK #Surveillance

🔔 New blog post: What to do about data completeness? Read the full blog here: https://t.co/uk8IPDmTJ1 #Surveillance #1LoDSurveillanceBlog #1LoD

🔔 NEW REPORT: Levelling-up Trade Surveillance Functions, sponsored by @PwC_UK Read the full annual report: https://t.co/2gS2mAuhLp #TradeSurveillance #Surveillance #1LoD