Live Webinar- "AML Model Validation: A Critical Need in the New Regulatory Environment"

Live Webinar: AML Model Validation: A Critical Need in the New Regulatory Environment When: Friday July 30, 2021 - 03:00 PM EDT Duration: 60 Minutes. 

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This training program will discuss the history and origin of a model validation. It will also discuss the requirements by the OCC for a model validation, and what exactly a model validation should include. The session will also analyze the elements of a model validation to know what to look for in an RFP, and detail the requirements included in Final Rule 504.

Learning Objectives:
Learn the history and origin of a model validation.
Discuss the requirements by the OCC for a model validation, and what exactly a model validation should include.
Where we’re seeing the regulatory pressure to complete a model validation.
What a sample project plan should look like.

Areas Covered in the Webinar:
The definition of a model validation according to the OCC
How often a model validation should be completed according to the OCC
The origin of the term independent verification and validation, and how that relates to today’s model validation
Where the regulatory pressure has been to conduct an AML model validation
What elements should be reviewed during an AML model validation
Vendor due diligence – selecting a vendor for your AML/BSA projects