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GAC1.4 - Establishing Clear Expectations for Your AML Program's Model Validation

‐ Mar 17, 2014 3:10pm

  • Outlining regulatory expectations, areas of particular interest to examiners and key examination findings
  • Distinguishing a “model” from a “tool” when explaining your processes to the OCC RAD team
  • Applying 2011-12 models to transaction monitoring, OFAC and customer risk scoring
  • Constructing test data for divergent processes such as AML transaction monitoring and OFAC screening
  • Effectively preparing for the OCC RAD team examination and executing its suggestions for remediation, if required


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