Training Doyens

Kenneth Barden Kenneth Barden Senior Anticorruption and Good Governance Advisor Years of Experience:  15+ years Areas of Expertise:  Anticorruption and Good Governance Advisor Kenneth Barden  is a Senior Anticorruption and Good Governance Advisor with the Governance and Rule of Law Team at USAID. For many years, Ken was an independent consultant for several international development projects, including ones funded by USAID, the MCC, World Bank, UN, Asian Development Bank and others. Ken served as Team Leader for the USAID-administered MCC Threshold Indonesia Control of Corruption Project in Indonesia, working on anticorruption and judicial reform. Immediately prior to joining USAID, Ken was with the USAID Modernizing Financial Institutions project in the West Bank, where he led implementation of anti-money laundering and anticorruption activities. Ken’s experience includes work in Eastern Europe, Central and Southeastern Asia, Oceania, the Middle East and...

Jim George Jim George Independent consultant, George Consulting LLC Years of Experience:  25+ years Areas of Expertise:  Bank Risk and Compliance Jim George  is an independent consultant to banks focusing on issues of fraud. He has over 25 years’ experience as a consultant to major banks in associate partner and principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in  Bank Risk and Compliance, and Andersen Consulting (now Accenture).  He has also been SVP Operations for a  Fortis-US  division providing outsourcing services to the banking industry. His work includes projects in fraud investigation, fraud prevention, identity issues, compliance, and  AML (anti-money laundering) . Mr. George’s background also includes work in bank operations and payments strategy, reengineering, systems, and quality improvement.

Anti Money laundering continues to be a major issue in the financial ecosystem but the methods are changing drastically in this technology-driven era. The Bank Secrecy Act (BSA) was introduced long back, mandating the reporting of suspected fraud or laundering. However, now the Financial Crimes Enforcement Network (FinCEN) has modified and expanded the anti-money laundering (AML) requirements. Financial organizations now have rules, outlined by the Department of the Treasury agency, to include reporting cyber-enabled crime and cyber-events through Suspicious Activity Reports (SARs). Apart from including the questionable activity by customers, the updated rules also include suspicious activity on the bank level.  Need for Machine Learning and Analytics Threats are increasingly becoming multidimensional and this leads to the need for machine learning for detecting the fraud.  Anti money laundering  faces another challenge that is the fraud never translates into th...