Anti-Money Laundering - Transaction Monitoring: Introduction to Concepts and Methodologies

Speaker:        Derek Chau
                Principal Consultant
                SAS Institute Limited

Title:          "Anti-Money Laundering - Transaction Monitoring:
                 Introduction to Concepts and Methodologies"

Date:           Monday, 5 March 2018

Time:           11:00am - 12 noon

Venue:          Room 2408 (via lift 17/18), HKUST


Regulator all over the world are requiring banks and other financial
institutes to adopt automated systems that combat money laundering.
Transaction monitoring is the most important part in anti-money
laundering. While regulators set out guidelines on the regulations,
"whether criminal behaviors are identified" relies on effectiveness of the
transaction monitoring system implemented. These monitoring, in other
words, is "anomaly detection". The same principles are actually applicable
to any other risk alerting and abnormal behavior identification.
Therefore, potentially these techniques can be deployed to other business
or public service areas.

In this talk, Derek Chau will discuss about the key elements of
transaction monitoring and introduce various common monitoring techniques.
Application of analytics in this area will also be described. These
techniques are in production use in over twenty banks / securities firms /
stored value facilities in Hong Kong.


Derek Chau is principal consultant at SAS Institute Ltd. specializing in
anti-money laundering (AML) solutions. He has implemented over ten AML
transaction monitoring systems. Derek has more than fifteen years of IT
system implementation and support experience. Derek has an Honors Bachelor
of Engineering in Computer Science and Computer Engineering from the Hong
Kong University of Science and Technology, and a Master of Science in
Computer Science from the Chinese University of Hong Kong.