Webcasts & Speaking Engagements
Benjamin W. Hutten discussed "AML and sanctions model validation: Regulatory requirements and best practices" at a Stout webinar
This session discussed:
- Regulatory requirements and guidance
- Model definition and how it applies to AML and sanctions systems
- Model risk management principles
- Model components
- Model validation – deeper dive
- Components of a validation
- Model validation process
- Best practices and lessons learned
- Recent developments – Data analytics & AI
- Regulatory expectations, feedback, opportunities for improvement
- Model owner's perspective – getting the most out of model validations
