Why AML Model Validation Efforts Can Fall Short And How to Prevent It

3/21/2016
As banks and other financial institutions face increased regulatory scrutiny, they are required to better understand and conduct independent validations of the models they rely on for anti-mone laundering (AML) purposes. These models, like financial and economic models, are expected to be validated piror to full implementation and then continually throughout the life of the model.
Why-AML-Model-Validation-Efforts-Can-Fall-Short-And-How-To-Prevent-It-Article_RISK-16001-015B-LG
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