Presentation given at the Johannesburg Anti Money laundering (AML) conference

1. Unlocking the value of your information asset
AVOIDING COMPLIANCE PITFALLS
Gary Allemann
Master Data Management
@mdm_za

2. AML Penalties
Avoiding compliance pitfalls
• establish data management system
• conduct organisational screening against legislations
• report suspicious activity
• establish customer due diligence systems
Gary Allemann, Managing Director - Master Data

3. Primary Failings
• Deficiencies in identifying and
verifying customer’s detail
• Failures in sanctions screening
• Failures to report qualifying
transaction

4. Reputational and customer impact

5. Reputational and customer impact

6. Data is the raw material and product of process

7. The Building Blocks for effective EIM
Data Architecture
Metadata/Data Modelling
Data Security
Data
Integration
MDM/ReferenceData
DataQuality
DataGovernance
Analytics
DataWarehouse
BigData
Business
Intelligence
Business
Driven
IT Driven

8. How does EIM support AML + Fraud?
• What are our AML Data Policies?
• Who is responsible?
• How do we ensure traceability?
• What are the Critical Data Elements?
1. Data Governance
• What are the minimum data standards
for Critical AML Data Elements?
• Name
• Physical Address
• Identification
• Residence / Nationality
• Date of Birth
Data Quality
• How do we identify unique
customers?
• How do we screen against sanctions
lists?
3 Master Data Management
• How do we flag and report suspicious
transactions?
• How do we measure and track
remedial actions?
Business Intelligence

9. gary@masterdata.co.za
+27 11 485 4856
@mdm_za
http://www.linkedin.com/company/master-data-management