https://jeanensiscapmarkets.com/wp-content/uploads/2019/03/Event_20190501_GloballyLocalBlockChainFintechAndAISymposium_Hero.jpg 712 1220 Kenneth A. Goodwin Jr. https://jeanensiscapmarkets.com/wp-content/uploads/2017/08/Logo_Jeanensis_PNG250.png Kenneth A. Goodwin Jr.2019-04-15 08:48:262019-04-16 08:31:36Globally Local Blockchain/AI/FinTech Symposium 2019
Globally Local Fintech / Blockchain / AI event in New York
https://jeanensiscapmarkets.com/wp-content/uploads/2017/08/Logo_Jeanensis_PNG250.png 0 0 Kenneth A. Goodwin Jr. https://jeanensiscapmarkets.com/wp-content/uploads/2017/08/Logo_Jeanensis_PNG250.png Kenneth A. Goodwin Jr.2019-04-09 08:09:242019-04-09 08:40:18Year in Review 2018: An Impactful Year for Jeanensis
https://jeanensiscapmarkets.com/wp-content/uploads/2017/11/Introducer_GameChangers.jpg 386 759 Dominique St-Germain https://jeanensiscapmarkets.com/wp-content/uploads/2017/08/Logo_Jeanensis_PNG250.png Dominique St-Germain2017-11-28 05:18:552019-04-09 09:20:34Ken Goodwin @ Jeanensis featured among the "10 to Know Game Changers"
Spotlight on Ken! The Introducer Magazine (by Mary Kurek Professional Networking) features Kenneth A. Goodwin Jr. [Jeanensis Capital Markets] among the 10 Game Changers to know./0 Comments/by
“Ken has no problems doing what hasn’t been done, trailblazing as the first foreigner to monitor and execute Japanese Government Bonds (JGBs) on the floor of the Tokyo Stock Exchange (TSE). An executive with that kind of fearless leadership, passion for finance and consultative nature is a “C-suite entrepreneur.”[Read the full article in the Introducer Magazine – page 10-11-12]
About the Introducer MagazineThe Introducer Magazine launched this year by Mary Kurek, a professional networking specialist, is a unique monthly publication for serious business networkers who are interested in connecting with high profile business professionals across the globe. Each issue spotlights “Ten to Know” spotlights on professionals whose projects are often broad in geography, scope, and human benefit. — Check out her website
https://jeanensiscapmarkets.com/wp-content/uploads/2017/11/KG_BEF.jpeg 897 1600 Dominique St-Germain https://jeanensiscapmarkets.com/wp-content/uploads/2017/08/Logo_Jeanensis_PNG250.png Dominique St-Germain2017-11-27 06:20:562017-11-28 07:36:35Blockchain Economic Forum [NEW YORK 2017] Highlights & Overview
https://jeanensiscapmarkets.com/wp-content/uploads/2017/08/Compliance.jpg 400 698 Kenneth A. Goodwin Jr. https://jeanensiscapmarkets.com/wp-content/uploads/2017/08/Logo_Jeanensis_PNG250.png Kenneth A. Goodwin Jr.2016-08-13 12:28:582017-08-31 04:32:21Use Location Intelligence to Combat Financial Crime
Intelligence – artificial or real – is only as good as the information it uses. Location intelligence helps contextualize a situation and can augment machine learning and other applications of artificial intelligence. How can location intelligence be applied to regulatory compliance initiatives to help combat financial crime? Intelligence (artificial or real) is only as good as the information it uses. A higher volume of relevant information provides deeper context to a situation, resulting in heightened intelligence, increased value, and better outcomes. Location intelligence is a data asset that helps contextualize a situation and can augment machine learning and other applications of artificial intelligence. This post considers how location intelligence can be applied to regulatory compliance initiatives, specifically fraud examination and forensic audit, to combat financial crime./1 Comment/by
Fraud Examination and Forensic AuditFraud examination is the discipline of resolving allegations of fraud from tips, complaints, or accounting clues. It involves obtaining documentary evidence, interviewing witnesses and potential suspects, writing investigative reports, testifying to findings, and assisting in the general detection and prevention of fraud*. Forensic audit is the process of investigation used to build a case that supports fraud examination. It is the intersection of financial principles and the law, and therefore, applies the following:
- Technical skills of accounting, auditing, finance, quantitative methods, and certain areas of the law and research;
- Investigative skills for the collection, analysis and evaluation of evidential matter; and
- Critical thinking to interpret and communicate the results of an investigation.
Location Intelligence Is ContextThink about where you are right now. You may be at a specific address. If you have location services enabled on your phone, you are also located at specific coordinates relative to the rest of the world. However, the intelligence of your location is more than that. The neighborhood that you are in can be characterized by demographics and consumer preferences. It also can be described in relation to the proximity of other neighborhoods that may have similar or very different characteristics. The people around you have mobile devices that are interacting with social media, streaming a live event, or making a purchase. Video is capturing movement, and machine sensors are analyzing usage and scheduling maintenance. Location intelligence applies the multiple layers of information that surround you. The better you are able to logically connect these layers of information, the more location intelligence you have.
Back to Evidential MatterLocation intelligence continues to grow as a critical component of analytics, and it is being applied to more and more scenarios across industries through social media, connected devices, distributed systems, the internet of everything, and overlaying all of that with just about any dataset that can be collected. In financial services, location intelligence provides an important and actionable level of information that ties together a customer profile, from on-boarding to know-your-customer and financial crime investigations. Referring back to Fraud Examination and Forensic Audit, above, location intelligence can be a critical component of evidential matter.
A ScenarioParty A is a bank customer that, by all accounts, is squeaky clean.
- Party A executes a financial transaction with Party B from a place Party A has never been to before.
- Party B registered their place of business as being in an upscale business park, but a satellite view shows that the actual location is in an abandoned industrial area.
- Party B makes many transactions with Party C that very closely correlates to the sum that was originally sent from Party A.
- Party C is located in very close proximity to a HIFCA designated zone. [To get a sense of what proximity risk is, look at High Intensity Drug Trafficking Areas (HIDTA) and High Intensity Financial Crime Area (HIFCA).
SummaryFraud examination and forensic audit encompasses much more than just the review of financial data; it also involves techniques such as interviews, statement analyses, public records searches, and forensic document examination to identify questionable circumstances. Location intelligence can help identify transaction anomalies more quickly, verify customer place of business visually and more efficiently, and flag sensitive cross-border conditions and proximity risk. All of these are vital in securing the proper documentation needed in a robust forensic examination. *Notes: The organization’s obligation is to report suspicious activity, not to stop it, by submitting a SAR (Suspicious Activity Report). There are two levels to this:
- Level 1 – “The Sniff Test”: A questionable activity or a correlation of circumstances is identified (“Something seems fishy here”).
- Level 2 – Investigation: A disproportionate amount of time can be spent manually collecting supporting documentation. A good set of data access tools that links relevant data points, including location intelligence, can optimize this process, making it faster and with better quality.
Our Latest News
- Globally Local Blockchain/AI/FinTech Symposium 2019 April 15, 2019
- Jeanensis Podcast on Blockchain April 9, 2019
- Year in Review 2018: An Impactful Year for Jeanensis April 9, 2019
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