For this event we have invited to speakers who recently graduated from the Compliance & Integrity Management program at the Vrije Universiteit. They will present the results of their research about compliance and technology, and discuss to what extent developments such as blockchain or artificial intelligence affect the compliance field.
Time: 19:00-21:00
Location: VU, HG 6A32
Can artificial intelligence enhance the compliance function?
First speaker of the evening is Sven Wielstra MSc. Sven studied Business Information Technology at the University of Twente and recently graduated from the Postgraduate Compliance & Integriteit Management programme at the Vrije Universiteit Amsterdam. He works at Deloitte as a Junior Manager.
For his graduation, Sven has written a thesis called “Selecting the most suitable Artificial Intelligence solution for compliance with specific financial regulation”. Compliance with financial regulation is a topic that is high on the agenda of financial institutions. Themes such as “Anti Money Laundering” require detailed analysis of the customer base, which is labor intensive.
At the same time, digitalization and the use of modern technologies have led to financial institutions having access to rapidly growing amounts of data, which can be used to more effectively and efficiently to spot non-compliant behavior and actions and thus enhance the Compliance function, through the use of Artificial Intelligence. His research delves deeper into the application of Machine learning and Artificial Intelligence in order to tackle complex financial regulation problems through leveraging existing data.
Fighting TBML by using blockchain technology?
Second speaker of the evening is Johanneke van der Pol. After graduating in Dutch Private Law, Johanneke van der Pol started working for ABN AMRO Bank N.V. For over thirteen years she has been working in both commercial and risk functions for various business lines within the bank. The last 6 years she works within the bank’s Compliance department and at the moment is focusing on AML/CFT & Sanctions regulations. With several years of knowledge and experience on Sanctions Regulations she shifted towards AML/CFT topics. In her current function she has a global oversight compliance role and is responsible for writing and maintaining AML/CFT standards and guidance for a.o. Trade Finance, Correspondent Relationships, Anti-Bribery & Corruption. Also, she is actively involved in a Public Private Partnership with the Dutch Anti Money Laundering Centre contributing to roundtables and further investigate the phenomenon Trade-Based Money Laundering (TBML).
This year, Johanneke graduated the VU Postgraduate Compliance & Integrity Management cum laude. Objective of her thesis was to explore whether blockchain possibilities could effectively combat TBML in trade finance arrangements and to determine if the approach could be supportive to the current AML approach of financial institutions. As the phenomenon TBML is relatively unknown, the study provides for a detailed exploration on the phenomenon. It outlines the reasons for flaws in the current AML control framework in the trade finance environment of financial institutions. The originality of this study is the anticipation on the potential opportunities that blockchain technology may bring in the fight against TBML. It aims to contribute to the debates taking place on combatting TBML and can form a basis on which financial institutions and regulators can deliberate on using blockchain technology.
Registration
You can register for this event by sending an e-mail to cma.sbe@vu.nl or by RSVP on the event on the Chapter Website..
Language of this event is: English