AML Account Surveillance Using Bulk Data Analysis—Present and Future

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Event Description

Experts in Anti-Money Laundering and Risk Management techniques in financial institutions discuss the use of bulk data analysis to monitor transactions occurring within financial institutions. These sophisticated surveillance techniques use various modeling techniques to identify the flow of transactions that may be the proceeds of criminal activity. The leads, or alerts, generated by this analysis, are investigated and reported to FinCEN to be forwarded to law enforcement for criminal investigations. The panel will discuss current analytical operations and emerging trends to make the models more predictive of future criminal activity.


Mark Twombly, SVP, Financial Crimes Compliance Director, Financial Crimes Governance (BSA/AML) - KeyBank
Mark Twombly, Senior Vice President and Financial Crimes Compliance Director at KeyBank, has over 25 years of financial services and law enforcement /intelligence experience. In his current role, he advises internal and external partners on financial crime matters including fraud, anti-money laundering, terrorism financing, and OFAC matters. Before joining KeyBank, Mark was with U.S. Bank in Minneapolis, where he was Senior Vice President and Director of AML Intelligence. Prior to joining U.S. Bank, Mark worked for the FBI, where he was a Certified Intelligence Officer and worked on counterterrorism, counterintelligence, cyber, and criminal matters (including white collar crime and as a member of the US Attorney’s Office SAR Roundtable). Among the matters Mark has worked on were counterterrorism in-country in Iraq, the Benghazi attack, the Boston Marathon bombing, and the Minneapolis al-Shabaab network. Before joining the FBI, Mark worked in Legal and Compliance with various companies in the financial services industry. Mark is a licensed attorney with a MBA in Finance. Mark is a member of working groups with the U.S. Department of Treasury and the FBI.

Bill Hauserman, Senior Director, Financial Crime Compliance Practice - Moody’s Analytics
Bill joined Bureau van Dijk in 2016 after 12 years designing global compliance and ethics programs for SAI Global and NAVEX Global. With 25 years’ management experience, he is focused on anti-corruption compliance solutions, and has spent the last seven years focused primarily on the perplexing problem of creating efficient due diligence technology and content for truly understanding the risks of customers and business partners.

Priyank Patel, SVP, Financial Crimes Risk Surveillance Director, Financial Crimes Governance - KeyBank
Priyank Patel, Financial Crimes Risk Surveillance Director with KeyBank, is an accomplished professional with over ten years of track record in financial crime compliance, risk governance, information technology and data analytics. He has extensive experience developing and implementing business strategies, designing risk control frameworks, and driving operational efficiencies in the areas of Suspicious Activity Monitoring, Know Your Customers (KYC), Sanctions Screening, and Fraud. Priyank has a well-rounded background in various data and technology disciplines, including quantitative analytics, business intelligence, data modeling, systems implementation, and model development and optimization. Before joining KeyBank, Priyank worked for First Niagara, where he played an instrumental role in standing up BSA/AML, OFAC, and Fraud program for the bank. Before joining the banking industry, he worked for a multinational pharmaceutical firm in business development and program management roles. Priyank holds a bachelor’s degree in Electronics and Telecommunication Engineering, MBA in Marketing, MS in Finance, and Post Graduate Diploma in Machine Learning and Artificial Intelligence. He is a Certified Anti-Money Laundering Specialist (CAMS) and a member of the Association of Certified Anti Money Laundering Specialists (ACAMS).

Subject Headings

AML; Anti-Money Laundering; Risk Management; Anti-Money Laundering and Risk Management techniques; financial institutions; bulk data analysis; transaction monitoring at financial institutions


CWRU Law Virtual Event

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