Thursday, 10 February, 2022
4PM GMT | 11AM EST

After the Alert

How Financial Institutions Can Optimize Sanctions Screening Operations

In partnership with

Why attend

With changing transaction patterns due to COVID-19 and increasing transaction volumes due to the shift towards digital payments, financial institutions are finding it increasingly necessary to increase consistency across their global sanctions screening programs. While having consistency within the process of matching customers and transactions to watchlists is an obvious necessity, an often overlooked area for improvement is operational processes.

This webinar will discuss how financial institutions can optimize their sanctions screening operations so that compliance analysts can make good decisions while maintaining standards, supervisors can quickly identify and resolve bottlenecks, and financial institutions can better manage their sanctions risk.

The key take-aways

How to set appropriate benchmarks for success

What an optimized user experience looks like in a sanctions screening system

The best areas to target for process automation, including alert prioritization and assignment, case narratives, and case comments

How to begin to seamlessly capture high quality label data, thereby laying the foundation for machine learning

The webinar panel

Click to view full speaker details

Vita Boomstein, Global Sanctions Officer | POPULAR BANK OF NORTH AMERICA & BANCO POPULAR DE PUERTO RICO

Vita Boomstein currently serves as the Global Sanctions Officer for Popular, Inc., responsible for the oversight of the bank’s Global Sanctions Program for Banco Popular de Puerto Rico and Popular Bank of North America.
Prior to joining Popular in 2020, Ms. Boomstein was the Head of Sanctions Advisory group for Deutsche Bank Americas, and before that she was the Sanctions Manager at JPMorgan Chase Bank, responsible for the oversight of the Global Sanctions Program for JPMorgan Asset & Wealth Management Divisions. Ms. Boomstein is a licensed New York attorney and brings almost a decade of experience in OFAC/Sanctions and related regulatory areas such as AML, KYC, and export controls.

Max Lerner, Managing Director, Global Head Sanctions Compliance and Anti-Bribery & Corruption Compliance | STATE STREET

Max Lerner is the Global Head of Sanctions for State Street, a leading global bank focused in custodial, asset management and advisory, and administrative services based in Boston.

In his role, Max is responsible for: the design, management, and execution of State Street’s global sanctions program; providing global leadership on all sanctions issues and projects, including sanctions screening programs, regulatory remediation and engagement, and policy and business unit advisory; and personnel management and operational oversight of teams based across the globe. Max also sits on State Street’s AML & Sanctions Leadership team, wherein he advises on AML, PEP, cryptocurrency / digital assets, and marijuana issues.

Robert LaPorte, Senior Director, Global Head of Sanctions | CIBC

Robert LaPorte is a Senior Director and Global Head of Sanctions at CIBC with over two decades of experience in law and compliance.

Kerri –Ann Bent, Americas Head of Sanctions | UBS

Kerri Ann Bent is a New York licensed attorney. She is currently the Americas Head of Sanctions at UBS Bank. Previously, she worked in the Financial Crime department focusing on Sanctions, Anti-Money Laundering, and Anti-Bribery and Corruption at Barclays.

Her sanctions experience includes providing transactional guidance relating to the regulatory regimes in place against Russia, Iran, Cuba, Sudan, Syria, and North Korea, with emphasis on regulations administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). Ms. Bent received her J.D. from Seton Hall Law School where she served on the Moot Court competition team. During law school she spent time studying at the American University in Cairo, Egypt focusing on Admiralty Law, Islamic Law and Oil and Gas transactions. Ms. Bent received her B.A. in Political Science and Finance from Rutgers University and is an active member of the New York State Bar Association and the American Bar Association. Ms. Bent is a frequent guest speaker and writer on topics relating to ethics, compliance, and the practice of law.

Tom Berkovitch, Director - Product Management & Strategy, AML Portfolio | ORACLE FINANCIAL SERVICES

Tom holds global responsibility for Oracle’s Financial Crime and Compliance Anti-Money Laundering product portfolio wherein she oversees the product strategy, product roadmap and go-to-market functions and manages the entire product lifecycle. Tom is focused on bringing new and innovative product capabilities to market to help financial institutions better fight financial crime and money laundering.

A frequent speaker at industry events, Tom has over 20 years of experience in Product Management of B2B and Enterprise Software and has spent over a decade in the Financial Crime and Compliance Software Industry. Prior to joining Oracle, Tom served as Vice President of Product at Arachnys where she oversaw the entire product portfolio and lead product strategy and execution. Prior to that Role, Tom was a Director of product marketing for the AML business line at NICE Actimize.

Tom is a Certified AML Specialist [CAMS], PMC III Certified from Pragmatic Institute, USA and holds Bachelor of Arts in Computer Science and Business Administration from The Open University, Israel.

Download the Webinar

This webinar is in partnership with

ORACLE FINANCIAL SERVICES

Oracle Financial Crime and Compliance Management: Protect the Integrity of Your Financial Institution
For over 20 years, our mission has been to create a safer world. We help financial institutions fight money laundering and achieve compliance with the industry's most effective and efficient suite of end-to-end anti-money laundering solutions, backed by unrivaled data management, advanced analytics, and a powerful platform.

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