As financial services organizations continue adopting advanced systems to strengthen financial crime compliance programs, many are deploying tools such as identity verification models, sanctions screening systems, and cash aggregation utilities. While these technologies can improve efficiency and detection capabilities, they also pose unique risks and compliance challenges that demand new approaches to model validation.
This webinar explores how to effectively validate these models while remaining aligned with regulatory expectations and internal governance standards. Our specialists clarify what qualifies as a model under existing regulatory frameworks and offer strategies for performing risk-based validation on tools that might not fit within traditional model governance protocols.
Through a review of industry use cases – including currency transaction reporting (CTR) automation, built-in sanctions screening capabilities, and customer identity verification (IDV) platforms – our specialists demonstrate practical steps financial crime and compliance professionals can take to validate these tools with confidence.
After watching this webinar recording, you should be able to:
- Identify risks addressed through independent validation of financial crime models and differentiate between model and nonmodel determinations consistent with regulatory guidance
- Evaluate risks and controls in both traditional and nontraditional financial crime models and assess how these inform validation activities
- Compare traditional validation methods to those needed for nontraditional models, and design risk-based validation strategies for systems like CTR, IDV, and sanctions screening
Note: Only attendees of the live webinar are eligible for CPE or CLE credit for qualifying webinars. If you view the webinar recording on this page you may not be eligible for CPE or CLE. For questions about CPE, contact [email protected].
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