AML Model Validations

Our AML Model Validation is designed to verify the AML system is performing as expected, in line with the design objectives and business use to ensure the effectiveness of the controls provided by the system and relied upon by management. All model components, including inputs, processing, outputs, and reports-will be subject to validation; this applies equally to models developed in-house and to those purchased from or developed by vendors or consultants. Our validation will include the Key elements of comprehensive model validation: Evaluation of Conceptual Soundness, Ongoing Monitoring, and Outcomes Analysis.