Revolutionizing CDD: Tackling AML Challenges with Technology and Collaboration

Video

With financial crime risks evolving rapidly, organizations face growing challenges in Client Due Diligence (CDD). This discussion explores how a four-step strategy encompassing technology, process refinement, risk appetite shifts, and workforce development is reshaping compliance. Learn how leveraging AI, industry collaboration, and an integrated global approach can overcome obstacles and streamline CDD in a demanding regulatory landscape.

Dec 18, 2024

Pradeep Kochar, MD, Head of CDD (W&R), Rabobank

The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization

The rise of stricter beneficial ownership requirements and global coordination demands organizations to revamp their CDD processes.
A four-step approach—focused on technology, process improvement, risk-based strategies, and talent development—is essential for addressing AML challenges.
AI and robotics are helping organizations streamline compliance processes, reduce false positives, and assess risks more effectively.
Industry collaboration and specialized client service desks are vital for balancing customer experience while meeting complex regulatory requirements.

Pradeep Kochar Bio

Pradeep Kochar - CAMS, CFCS, Director - Global Head of ICG AML KYC Quality at Citi. With over 21 years of global expertise in AML and KYC compliance, Pradeep Kochar is a visionary leader known for transforming complex regulations into actionable strategies. His dynamic speaking style and deep insights have made him a sought-after keynote speaker on international stages. Pradeep is a trailblazer in merging technology and human intelligence for innovative compliance solutions. He continues to drive collaboration, innovation, and ethical practices in the industry. Holding ACFCS and CAMS certifications, Pradeep guides us toward a future of enhanced AML and KYC standards in an evolving financial landscape.

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