The Future of Financial Crime

Join us at the MIT campus for an event Exploring Machine Learning Analytics, Blockchain and Emerging Issues in Compliance and Investigations



Massachusetts Institute of Technology
Industry Meeting Center (IMC)

1 Main Street, 12th floor, Cambridge, MA, 02142

February 28th

8:30 AM – 12:00 PM ET

The Agenda

Join ACFCS and BAE Systems as we explore how you can cut through the buzzwords to understand the practical applications of machine learning analytics, the blockchain and other tech in financial crime compliance. We’ll also delve into timely challenges facing financial institutions in the region, including how to serve the legal marijuana industry.  


Registration and Breakfast

Arrive early for check-in and join your peers for the hour-long networking breakfast.

No Speaker 8:00 - 9:00 am

Opening Remarks and Welcome

ACFCS’ president, Joseph Yerant, and BAE Systems welcomes attendees to the seminar.

Joseph Yerant 9:00 - 9:10 am

Challenges with Banking Marijuana Related Businesses

A growing number of US states have legalized marijuana to various degrees, including Massachusetts, creating a multi-billion dollar industry. However, lasting conflicts with federal law can make it challenging for financial institutions to service this rapidly growing and potentially very profitable industry.

  • This session explores the state of the legal cannabis industry, and gives insights on how to approach marijuana-related businesses as customers.
  • It also gives guidance on the impact on BSA/AML programs, including reporting requirements, and how tech tools may fit into the picture.
  • David B. Chenkin, Robert Goldfinger 9:10 - 10:00 am TBD

The Promises and Risks of Machine Learning Analytics

Machine learning applications in financial crime prevention have received tremendous attention, but what is the reality beyond the hype? In this session, practitioners give you a view into the current reality, future promise and pitfalls of machine learning in financial crime. It will examine how machine learning can help you intelligently manage transaction monitoring, reducing unproductive alerts and maximizing investigator resources, while also exploring the challenges of implementing these analytic tools in compliance programs.

Richard Graham 10:00-11:00 am TBD

Networking Break

Enjoy refreshments and make connections with others in the financial compliance space.

TBD 11:00 - 11:30 am

The Impact of Blockchain and Cryptocurrency on Financial Crime Compliance

2019, the tenth anniversary of Bitcoin, promises to be a significant year for cryptocurrencies and blockchain technology. More mainstream adoption and innovative blockchain solutions have brought the crypto world into the “light,” but a dark side persists. In this session, experts from the crypto realm describe how blockchain technologies will impact the financial system, including some intriguing applications for financial crime compliance programs. On the flip side, law enforcement representatives give insights on how the criminal element is exploiting cryptocurrencies, and what financial institutions should be aware of.

TBD 11:30-12:20 TBD

Open Q&A with Audience

Attendees will have the opportunity to ask questions and comment on the presentations

TBD 12:20 - 12:30 TBD

Register For the Event