Binsar Marseto is a director within the Global Investigations and Compliance practice. He specializes in BSA/Anti Money Laundering (AML) and Sanctions/OFAC space, assisting financial institutions to improve their operations, minimize risks, and address regulatory requirements through implementing proper technology platforms.
Binsar helps financial institutions select, implement, and review AML and sanctions screening technology platforms. The review of technology platforms includes assessing the system governance, assessing the post-implementation review procedures, validating data integrity, and performing actual system effectiveness testing. He also works to incorporate artificial intelligence, such as robotic process automation and machine learning, into current AML and sanctions technology solutions. Binsar led the development of CLARITY, an in house application/tool used to assist in the execution of watchlist filter effectiveness testing and filter model validation. CLARITY is designed to automate many manual steps involved in filter testing, such as the extraction of data from government site, the creation of name variations, and the actual analysis of the test results to identify filter’s ineffectiveness in name matching.
Binsar's recent projects included assisting clients to set up a compliance program in response to the New York State Department of Financial Services Regulation Part 504, evaluating the effectiveness of sanctions filters, evaluating the setup and calibration of transaction monitoring systems, and incorporating machine learning in the sanctions alert review process to increase operations efficiency.
With the advancement of digital assets, Binsar has also assisted large cryptocurrency exchanges with model validation, configurations of blockchain analytics tool to monitor for on-chain suspicious activity, and selection of financial crime compliance technology solutions.
+1.647.556.2112 (Canada), +1.312.583.5796 (USA)