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Guernsey Association of Compliance officers

Governance, Risk and Compliance in the Bailiwick of Guernsey

Presentation - 17th October 2022

AML Analytics - Sanctions Screening and Transaction Monitoring Systems

AML Analytics are world leaders in the testing and validation of sanction screening and transaction monitoring systems used by regulated financial institutions for protection against the risks associated with financial crime. They also test the sanction screening and transaction monitoring systems of crypto exchanges and virtual currency businesses. 

In this presentation they will explain how they run their testing and what can be gained by it. Along with Nick Herquin, Deputy Director of the GFSC Financial Crime Division they will also give a brief synopsis of the results of the recent Thematic testing conducted on behalf of the GFSC.

Date – 17 October 2022

Venue – Harry Bound Room, Les Cotils

Start time - 12:00, finishing no later than 13:45

This event is free of charge and lunch will be provided

Book via the events page by close of business Friday 14th October 2022

AML Analytics establish the effectiveness and the efficiency of sanction screening and monitoring systems to help meet regulatory requirements, minimise exposure to financial crime risk and ensure robust detection systems are in place. They currently work with several of the largest banks in the world and have tested many thousands of AML/CFT systems since their incorporation in 2010. 

AML Analytics also assist financial regulators, supervisors and central banks around the globe (most notably for us the GFSC) with Thematic Reviews.

Steve Hancock is the Co-founder and Director of AML Analytics and is recognised as one of the UK’s leading industry experts on anti-money laundering and counter terrorist financing issues, legislation and regulation. He has worked in the financial services industry since 1998 and within financial crime compliance since the inception of the UK Money Laundering Regulations in 1994.

He has previously held roles as the Director of Regulatory and Financial Crime Programmes at Wolters Kluwer Financial Services in London and as Global Head of Money Laundering Prevention for Prudential plc., where for fifteen years he had responsibility across the Group for the development and delivery of the corporate money laundering, counter terrorism and sanctions policy, together with providing advice and guidance on AML/CTF prevention. During this time he worked in the UK, USA, Hong Kong and Singapore.

Whilst with Prudential he spent time on secondment to NCIS (now the National Crime Agency) and at the UK National Terrorist Financial Investigation Unit at Scotland Yard. In 2001 Steve created the UK Institute of Money Laundering Prevention Officers where he was Chairman for seven years and then President until 2012.He holds an ICA Diploma in Anti-Money Laundering with distinction and is a Fellow of the International Compliance Association.

He is an experienced speaker on financial crime issues and has lectured at conferences throughout the UK, Western and Eastern Europe, Asia, Australia and the USA.

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