#LuxoftTechClubWroclaw community is going to meet and create wonderful atmosphere again!
Who is it for?
Everyone, who is interested in exploring new tech areas, sharing knowledge and networking.
Our Luxoft Tech Club gives you the opportunity to express yourself and receive feedback from experienced colleagues. It’s also a great chance to learn more about real-life projects, network with other developers, and have some delicious pizza!
This time we would like to invite you to join a presentation: Sanctions Screening
Sometimes, in response to the ‘unacceptable’ behavior of a country or a group of people, the governments of some countries impose sanctions on other countries or people. Quite often, it includes restricting access to the financial sector for those blacklisted entities. Such lists are well-known, the general rule is simple: do not process transactions on behalf of, or for the targets of the sanctions. Due to the large variety of languages, alphabets and also poor risk management, it leads to legal and financial jeopardy for financial institutions.
This, however, is:
- unbelievable, due to sophisticated fuzzy-matching issues
- serious, due to fuzzy-matching issues
- severe, due to the omission of the name of a sanctions target for payment messages
- extreme, due to the use of less transparent messages
- fatal, due to no-screening
Our speaker will present the simplest Anti-Money Laundering obligation to fulfill, and the greatest failure so far. Our speaker will touch upon the obvious and the deadly serious breaches of laws and international standards related to currency trading and international settlements that catch financial institutions who criminally conduct business.
Register for FREE
6:00 PM Welcome Speech
6:05 PM Sanctions Screening
6:45 PM Pizza & Networking
Tuesday, September 25, 2018
Luxoft Poland, Wroclaw, Silver Tower,
Plac Konstytucji 3 Maja 3
13th floor - VALUES
Don’t miss it, see you on Tuesday!