Although Risk Appetite Frameworks (RAF) and BSA/AML programs undoubtedly have an impact on each other’s objectives, they are independent components of an organization’s risk
Bob Hager has over 25 years of experience in the financial services industry. He has worked as a Lead Business Consultant with NICE Actimize for over 5 years working with clients to get the most out of their Actimize solutions on various AML projects. Prior to joining NICE Actimize, Bob worked in various roles such as Corporate Compliance, Financial Crimes and Investment Services. Bob served as the BSA/AML Financial Intelligence Unit (FIU) Manager which included the alert, investigation and EDD departments. In addition, he led a BSA/AML Quality Assurance team for a large financial institution with a focus on retail banking. He has experience working with industry regulators and internal audits. Bob’s expertise has been in process and procedural development, private banking, insurance and investment services as a licensed broker and registered principal. He also helped author a KYC/CIP system for a regional bank that is still in production today. Bob holds a bachelor’s degree in public administration from Auburn University and has achieved the CAMS and CFE certifications and is an AWS Certified Cloud Practitioner. He previously held his insurance license, as well as investment services licenses which included series 7, 24, 63 and 65.
Enhancing BSA/AML Quality Assurance With AI
In an age where financial transactions occur at lightning speed across borders, ensuring the integrity of the financial system is paramount. Money laundering and
Do You Need a Financial Crime Program Assessment?
Financial crime programs must continually adapt to the changing regulatory and threat landscape. This makes the refinement of the tools and processes crucial to