The Anti-Money Laundering Association
Midwest Chapter Event
Wednesday, May 2nd, 2018
“Holistic Independent Validation of Transaction Monitoring Systems and the Adoption of Advance Analytics”
In the ever-changing landscape of regulations and technology, it has become increasingly more crucial for financial institutions to leverage data and technology accurately and efficiently to properly address compliance needs in a cost-effective manner. Adoption to certain technologies such as Artificial Intelligence (AI), and Machine Learning may reduce some overhead, but need to be considered carefully before full implementation.
Join us as we gain a better understanding of the following key topics needed to successfully address and stay ahead of compliance:
- The compliance technology, data, and resource challenges typically faced by financial institutions – including industry adoption of non-traditional transaction monitoring (e.g. AI)
- A pragmatic and holistic approach to independently validating Transaction Monitoring System(s) while minimizing the overall efforts and costs involved with implementing and maintaining these systems at a financial institution.
Host: AMLA Midwest Chapter President, John Geiringer
Date: Wednesday, 5/2/2018
Time: 12-1 pm CST, 1-2 pm EST, and 10:00 am PT
Onsite Location: Barack Ferrazzano Kirschbaum & Nagelberg LLP, 200 W Madison St #3900, Chicago
Continuing Education Hours: 1 credit hour for each attendee
Cost: No cost to attend in person. Lunch will be served.
RSVP for Onsite: Please RSVP to email@example.com and list the name of your organization along with the first and last name of each attendee. Please let us know if you will be having lunch with us so we can plan accordingly.
Webinar Cost: A live webinar will be available, more coming soon for registration.
A special webinar discount is available for this AMLA event.
AMLA Members: Free
Non-AMLA Members: $55.00
You can register for free membership to the AMLA at www.theamla.com.
A special thank you to Alvarez & Marsal (A&M) for presenting to the AMLA. You can learn more about A&M and their services at Alvarez and Marsal.
Andy G. Gandhi, Managing Director of Alvarez & Marsal Disputes and Investigations, LLC
Andy Gandhi is a Managing Director with Alvarez & Marsal’s Disputes and Investigations practice in New York. An information risk specialist with more than 15 years of experience, he leads the Digital Investigation practice within the Forensic Technology Services team.
Mr. Gandhi specializes in leading global enterprise technology and litigation risk-related engagements with a focus on complex technology assessments and investigations. These matters include financial regulatory inquiries; civil, federal and international courts; transactional data risk/analysis; information security; computer forensics; information governance and electronic discovery.
Mr. Gandhi assists global corporations in investigations for fund misappropriation, breach of fiduciary duty, embezzlement, sabotage, intellectual property theft, the Foreign Corrupt Practices Act (FCPA), anti-money laundering (AML) compliance and other internal fraud issues. He counsels clients in preparation for discovery and on reasonability of electronically stored information (ESI). Mr. Gandhi actively supports corporations in clarifying and responding to ESI requests for the Department of Justice, Securities and Exchange Commission, Federal Deposit Insurance Corporation and civil litigation inquiries. He has also testified and presented expert reports.
Mr. Gandhi served as part of the information security team for a Fortune 500 international bank in the Dominican Republic. He led an investigation of data breaches and subsequently secured the network of the bank and its local subsidiaries. He provided computer forensics / investigative services for theft of intellectual property directly for the CEO.
Previously, Mr. Gandhi was the lead partner assisting a global asset and retail bank with an independent verification of its AML transaction data systems. He managed the global team in performing an end-to-end data validation exercise on all source data being fed to multiple AML monitoring systems from the source through the multiple monitoring systems.
Additionally, Mr. Gandhi developed data analysis infrastructure for analyzing suspicious accounting transactions on the Sarajevo United Nations military base. He was retained by The Office of the High Representative (OHR) to perform collection of electronic information from local banks and set up an onsite electronic discovery lab, a mock bank network, and transactional analysis capabilities.
Mr. Gandhi is a member of the High Tech Crime Investigation Association (HTCIA) and the Information Systems Security Association (ISSA). He is Vice President of the New York chapter of the American Society of Digital Forensics and eDiscovery (ASDFED) and a charter member of the Association of Certified E-discovery Specialists (ACEDS). Mr. Gandhi is an Encase Certified Examiner (EnCE), Certified Information Systems Security Professional (CISSP) and Computer Technology Industry Certified Professional (ComTIA, A+).
Ralph Fatigate, Managing Director of Alvarez & Marsal Disputes and Investigations, LLC
Ralph Fatigate is a Managing Director with Alvarez & Marsal Financial Industry Regulatory Advisory Services in New York, with more than 25 years of regulatory and financial investigative experience.
He recently served as a principal at a regional audit and advisory firm. Prior to that, he was a managing director and practice leader for an international accounting and consulting firm, overseeing anti-money laundering (AML) compliance and remediation, regulatory compliance, financial technology, 1414 tax remediation and mortgage fraud investigations.
Mr. Fatigate is the former Director of Financial Crimes and Investigations at the New York State Banking Department and has extensive experience working with foreign financial institutions and foreign banking regulators. He was responsible for the AML / BSA examination process for all state-regulated financial institutions, which included more than 90 percent of the foreign financial institutions in the U.S.
During his tenure at the NYS Banking Department, he coordinated a number of international financial investigations, along with the Financial Services Authority (FSA) and law enforcement authorities in London. While conducting money laundering or financial fraud investigations in the U.K. and Europe, he was stationed in London. He also served as the interim Co-Director of
the Frauds Investigation Division at the NYS Insurance Department and is the former Police Commissioner for the City of Mount Vernon.
Soon after September 11, 2001, he worked with federal law enforcement officials in Washington, D.C., and assisted in the development of a data mining system that would identify those who were financially supporting terrorist-related activities. He is credited with coordinating and managing some of the large money laundering investigations in the U.S. He has worked with local, state and federal prosecutors and assisted in the prosecution of several entities and individuals suspected of laundering funds.
Mr. Fatigate has spoken at numerous professional conferences and has provided training for domestic and international groups. He also worked alongside the FDIC, OCC and various state regulatory agencies on money laundering, fraud, and industry standards issues.
His expertise includes developing training guides for the Bank Secrecy Act and U.S. Patriot Act reviews. In addition, he has provided opinion testimony for Grand Jury proceedings on banking policies and procedures.
Mr. Fatigate earned a bachelor’s degree in finance and risk management from the State University of New York, as well as a professional certificate in banking law from Fordham Law School.