Anti-Money Laundering (AML) Model: Validation and Optimization Best Practices

The latest episode of our Risk & Accounting Advisory podcast begins the first of a two-part series where Nate Regimbal, Digital Advisory New Practices & Solutions Leader, joins Alan Swan, Digital Advisory Managing Director, along with Audrey Magennis and Dan Gallagher from the Firm’s Information Assurance & Cybersecurity practice, to discuss Anti-Money Laundering Model (AML) Validation and Optimization best practices. Their conversation illuminates the importance of using a methodology, data capture and execution within the context of AML optimization and Validation. This episode provides an outline of the AML Validation components a financial institution should review to ensure the accuracy of the AML data and alerts and compliance with regulatory requirements.
Listeners will learn about:
- The importance of establishing validation and optimization methodologies for Anti-Money Laundering Models
- How to create, document and execute an effective validation framework
- Current regulatory guidance and State level requirements for Anti-Money -Laundering Model validation
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