IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

A Complete Guide to Anti-Money Laundering Model Validation

$219.00

SKU: 408564

Description

Learn about the different types of AML models in use, regulatory guidance, and how to independently validate them.
Having an effective Anti Money Laundering (AML) program is critical to all financial institutions. A key component of an effective AML program is the use of quantitative models to identify suspicious activity. However, the use of models inevitably introduces risk to an organization that can be addressed through an effective independent challenge program. This presentation will help you to understand the different types of AML models in use, regulatory guidance for such models, and how to independently validate them.

Date: 2023-04-21 Start Time: 1:00 PM ET End Time: 2:05 PM ET

Learning Objectives

* You will be able to describe the AML models and their use within organizations.

* You will be able to explain how the AML model can be validated.

* You will be able to discuss new technologies and the associated challenges from an AML perspective.

* You will be able to review AML models and provide effective challenge to the model and its use.

Overview
• Introduction to AML
• Regulatory Guidance Around AML
• Model Risk Guidance for AML (Including Recent Trends)

Anti-Money Laundering Models
• Commonly Used AML Models
• Expectations Around the Validation of AML Models

Transaction Monitoring Model Validation
• Overview of Transaction Monitoring Models
• Validation Steps for TM Models
• Typical Challenges With TM Model Validations

Name Screening Model Validation
• Overview of Name Screening Models
• Validation Steps for Name Screening Models
• Typical Challenges With Name Screening Model Validation

New and Emerging Models
• Blockchain Technology
• Challenges for Models in Use Within Blockchain Monitoring

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Avinash Voruganti-Protiviti