"And so what we do at Dow Jones, very specifically, is look at - What are the regulators demanding? What do they want you to do? What are the specific data points that you require? And which workflows do you want to use them in? And, there are very different workflows, which within, for example, a financial institution. You have the onboarding of your new customers, and in those situations, you may have a little bit more time. Obviously, there's the service level in terms of opening a bank account is faster and faster. But you have a little bit more time in that regard. You want to look at potentially more data. Then once you are a customer of a bank, you're gonna be amongst millions of customers. How do banks can then adapt to check additional data points? And, today the customer may be clean and have no adverse media, may not be sanctions, but that could change." - Joel Lange Fresh out of the studio, Joel Lange, executive vice president & general manager of risk and research from Dow Jones, discussed how the company is leveraging artificial intelligence and data analytics to help companies tackle risk and compliance and combat financial crimes and money laundering. Joel also explored generative AI's role in risk management and concluded by envisioning the future of Dow Jones Risk & Compliance and what great would look like in the Asia Pacific. Episode Highlights: [0:00] Quote of the Day #QOTD from Joel Lange [0:50] Introduction to Joel Lange, EVP & GM, Risk & Research, Dow Jones [1:28] Support for freeing Evan Gershkovich from Wall Street Journal on his 32nd birthday. [2:20] How did Joel start his career and eventually end up in his role with Dow Jones  [3:58] Lessons learnt in Joel's career journey [5:40] Introduction to Dow Jones and its global vision & mission [8:20] Risk Management, Money Laundering and Financial Crimes 101 [10:08] Impact on businesses and other organizations if their risk is not well managed. [12:00] How Dow Jones Risk & Compliance division helps businesses to navigate the challenges [14:50] The challenge of cross borders makes managing risk and compliance difficult on a global level [17:00] RiskCenter Advanced Screening and Monitoring (ASAM) solution based on AI and big data [19:50] What makes ASAM different from other risk management solutions out there? [21:00] How the AI solution tackles false positives and the tradeoffs made between the specificity and sensitivity of the data. [24:30] How does the diversity of APAC both economically & politically impact the complex anti-money laundering processes? [27:00] The mental model to balance between economic recovery & anti-corruption efforts [29:05] Perspectives on Generative AI and how it impacts combating financial crime & AML [32:05] Advice to C-suite executives and government officials on risk management with AI [33:40] What does great look like for Dow Jones for market expansion and ASAM in the APAC region? [35:30] Closing Podcast Information: Bernard Leong (@bernardleong, Linkedin) hosts and produces the show. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G.Thomas Craig (@gthomascraig, LinkedIn).