Anti-Money Laundering (AML) Model: Validation and Optimization Best Practices – Part 1

calendar iconOctober 19, 2023

Stay Connected

Cherry Bekaert Risk & Accounting Advisory Apple Podcast Cherry Bekaert Risk & Accounting Advisory Spotify Podcast

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

Related Resources 

View All Podcasts from this Series

Questions? Contact Us