Nick Lewis

Nick Lewis, Managing Director at Standard Chartered Bank, shares his expertise on navigating financial crime prevention in a digital world. He discusses the challenges of relying on traditional rule-based systems, which often misidentify legitimate transactions, emphasizing the need for AI while retaining human oversight. Nick delves into the balance between automated systems and human judgment, addressing the difficulties of distinguishing criminal behavior in financial transactions. He also highlights the importance of cooperation in combatting cross-border financial crime.

Nick Lewis, Managing Director for the High Risk Client Unit at Standard Chartered Bank, shares insights on the evolving role of banks in fraud detection and anti-money laundering compliance. He discusses how regulatory shifts are pushing banks to take on more responsibilities with limited resources. The conversation highlights the evolution of sanctions and the critical role AI plays in enhancing detection methods. Lewis also emphasizes the urgent need for collaboration between banks and law enforcement to tackle serious crimes like human trafficking.