AML Model Validation: A Critical Need in the New Regulatory Environment 2019

Topics

• How often a model validation should be completed according to the OCC
• The definition of a model validation according to the OCC
• Where the regulatory pressure has been to conduct an AML model validation
• The origin of the term independent verification and validation and how that relates to today`s model validation
• What qualifies as a model validation, and what does not
• What elements should be reviewed during an AML model validation
• Vendor due diligence - selecting a vendor for your AML/BSA projects
• What a sample model validation project plan would look like
• Definition of vendor independence

Who should Attend

• Compliance Officers
• BSA/AML Officers
• AML Analysts
• Sanctions Officers
• Legal Departments
• Risk Officers
• CEOs/Presidents at Banks, Broker-Dealers, Money Services Businesses and Other Non-Bank Financial Institutions
• Risk Managers