The Modern FCIU: Special Risk Investigations

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1 SAS FINANCIAL CRIMES EXECUTIVE FORUM Toronto, 2018 The Modern FCIU: Special Risk Investigations Daniel Nagle, Global Banking Principal, SAS

2 Trends in Compliance What are other Financial Institutions saying? 20% 98% 11% have been fined by regulators or law enforcement agencies in the past three years believe their FCIU is a top corporate priority of banks say they have fully established FCIUs across all geographies and divisions of their bank Source: Combating Financial Crime: The Increasing Importance of Financial Crimes Intelligence Units in Banking

3 Trends in Compliance Doing more with the same Data Leaks Geopolitical Risk Terrorism Financing Geographic Targeting Orders Corruption

4 Trends in Compliance Four Layers of Control Reactive investigations Strategic analysis Proactive detection center Optimization & coverage As certain events occur, such as the Panama Papers and the FIFA scandal, names arise that banks will want to investigate. They will investigate whether they have any exposure to fraudulent activity, illegal money movement or terrorist activity. This level of analysis is when banks want to know if they are facilitating certain activities, such as human trafficking, fraudulent money services, or money movements from sanctioned countries. If an individual has multiple alerts across multiple systems, this will give a bank a fuller view of risk if it can be detected. Having a centralized function in place helps a bank to proactively detect risks it faces. Optimization and coverage assessment enable banks with an existing anti-money laundering platform to assess how well that platform is detecting money laundering, what its accuracy is, and whether there are any gaps in coverage. Source: Combating Financial Crime: The Increasing Importance of Financial Crimes Intelligence Units in Banking

5 What is FCIU? A Financial Crimes Intelligence Unit (FCIU) is a strategy which empowers business users with analytic tools to visually uncover hidden risks and identify unknown relationships quickly in support of Compliance investigations

6 Financial Crimes Intelligence Unit Key Investigations Features Ad hoc Discovery Rule Authoring Investigator Views Investigator Tools Documentation of Insights Geographic Search Create a Flow Data View Network Properties Network View Internal/External Search Create Scenarios Create a Scorecard Detail View Map View Node Properties Link Properties Selection Detail View Timeline View Table View Filters Facets Strategies & Queues Custom Pages Timeline View Table View Object Inspector Transaction Centrality Add Notes Add Pictures Print

7 Financial Crimes Intelligence Unit Key Benefits Investigation Interfaces Flexible Data Model Business Configurable UIs Visual Rule Authoring Search Network Analytics Workspace & Insights Bank Operational Storage Architecture

8 Financial Crimes Intelligence Unit Flexible Data Model Customers, Accounts & Transactions Flexible Data Model External Data Fraud Intelligence Employee Data FCIU AML Intelligence Sanctions & Watch Lists Cyber Intelligence A Flexible Data Model allows users to rapidly integrate data from disparate intelligence sources, without the need to conform to a predetermined data model

9 Financial Crimes Intelligence Unit Network Analytics Network Analytics Entity analytics can support and direct investigators by showing entity closeness, betweeness, and influence to highlight areas of potential interest

10 Financial Crimes Intelligence Unit Search Search Search across all data (from internal and external data sources). Filter and visualize results in different ways to discover pertinent information and conduct further analysis

11 Financial Crimes Intelligence Unit Visual Rule Authoring Visual Rule Authoring A Scenario Administrator provides the ability for users to author batch surveillance scenarios and rapidly deploy them to identify suspicious events

12 Empowering Use sophisticated analytical results and make them actionable Analysts are empowered to search through complex networks and quickly open investigations when suspicious connections are identified Configurable Can be configured to meet your unique business challenges Designed to be flexible without custom changes by developers, resulting in lower cost of ownership Financial Crimes Intelligence Unit Insightful Quickly develop and execute new detection models to uncover hidden risk Integrated Visual Rule Authoring allows users to uncover new risk patterns quickly for temporal or salient threats that require immediate action Proactive Visualization surfaces Intelligent and meaningful views Analysts can make data driven decisions fast and efficiently using the most important information

13 Thank You! sas.com