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

8:00 AM – 12:30 PM ET


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 attendee check-in and join your colleagues for the networking breakfast.

Networking Break 8:00 - 9:00 am MIT Campus

Opening Remarks and Welcome

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

Joseph Yerant, President, Association of Certified Financial Crime Specialists (ACFCS) 9:00 - 9:10 am MIT Campus

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, Managing Partner, Zeichner Ellman & Krause LLP
    Robert Goldfinger, Global Expert Financial Crimes Solutions, BAE Systems Applied Intelligence
    9:10 - 10:00 am MIT Campus

Financial Crime Technical Concepts in Alert Monitoring

n the 30 minute session, the presenter will take you on a journey through financial crime technical concepts in alert monitoring to help you better understand what these concepts are and how they apply to the past, present, and future of the banking and insurance industries. Technical concepts and buzzwords will be broken down into an easy to grasp metaphor that is used throughout the presentation.

Richard Graham, Head of Business Solutions Consulting, BAE Systems Applied Intelligence 10:00-10:30 am MIT Campus

Beneficial Ownership – A View from a Bank Examiner

Heightened expectations around customer due diligence are both the present and future reality for financial institutions of all kinds. In this session, an OCC representative provides insight on expectations for the new beneficial owner rule, describes key issues they’re seeing at financial institutions, and answers your questions.

Craig Hirsch, Bank Examiner and BSA/AML Specialist, OCC 10:30 - 11:00 MIT Campus

Networking Break

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

Networking Break 11:00 - 11:30 am MIT Campus

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.

Henry Basile, Supervisory Special Agent (SSA), Homeland Security Investigations (“HSI”)
Doug McCalmont, Senior AML Solutions Consultant, BAE Systems Applied Intelligence
11:30-12:20 MIT Campus

Open Q&A with Audience

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

All Speakers 12:20 - 12:30 MIT Campus

Register For the Event