Our AML compliance services are heavily focused on your AML compliance program – your policies and procedures – to determine if they’re appropriate for your risk appetite, based on risk assessment, are mitigating the risk your institution faces especially as new products and services are added periodically.
Our AML technical services primarily focus on your AML software – the system that manages your risk through rules or thresholds. These services include model validations, testing services, and tuning and false positive exercises. We recognize that there is no one size fits all approach, but there is a best practice.
Our Premier Service – A Comprehensive AML Model Validation!
The OCC recommends that your AML system be validated every 12 to 18 months by someone independent. Our AML Model Validation / Independent Verification and Validation (IVV) satisfies that recommendation, as well as our clients because they receive an actionable list of recommendations and observations based specifically on their risk profile.