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Right-size your BSA/AML model risk management

July 14, 2021 / 1 min read

Many financial institutions have questions about the recent interagency statement on BSA/AML model risk management. We share some key takeaways and steps to help your organization right-size its BSA/AML model risk management practices, originally published in Bank Director magazine.

The recent Interagency Statement on Model Risk Management for Bank Systems Supporting Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Compliance is raising questions among some financial institutions. In “Right-size your BSA/AML model risk management,” we share:

Ensure your financial institution is dedicating the right resources to BSA/AML system model risk management. 

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