Guide to False Positives: Managing and Reducing False Positives in Sanctions Screening with AI and Machine Learning

March 7, 2024 2:00pm

Michael Diaz
Head of Transaction Screening, Financial Crimes Prevention
UBS

Andrii Dzhaga
FC Trade Controls Policy Lead
Stripe

Riyam Ratnajothi
Director, Sanctions Compliance and Watchlist Management
BMO Financial Group

Moderator:

Kuno Tucker
Chief Compliance Officer
Manulife Wealth

  • Strengthening your overall sanctions screening process while reducing your false positive rate
  • Looking at false positives through the lens of relevancy versus reduction
  • Leveraging AI to significantly reduce false positives while making sure no real matches slip through the cracks
  • Navigating challenges to reducing your false positive rates
  • Best practices for enhancing data quality in the organization to reduce false positives