Top Takeaways from Beju Shah, Head of Nordic Centre, BIS Innovation Hub at Bank for International Settlements – BIS  

·       Catalyze change by planting seeds and demonstrating value

·       Financial Action Task Force (FATF) identified several approaches and technologies that will transform AML efforts

·       Standardized, quality, and comparable data is key

·       Full network visibility is required to detect, flag, and stop suspicious activities

·       Privacy-Enhancing Technologies drive better AML efforts by creating improved visibility

Check out the Project Aurora report Beju mentioned during the podcast:
Project Aurora - The power of data, technology and collaboration to combat money laundering across institutions and borders – from the BIS Innovation Hub

Other Recommended Reading:
The Icarus Deception: How High Will You Fly? by Seth Godin
The Song of Significance: A New Manifesto for Teams by Seth Godin

Conferences to attend:
SWIFT’s Sibos in Toronto | September 2023
IAPP Privacy. Security. Risk. in San Diego | October 2023

 

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