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.
- Common pitfalls related to under-management and over-management.
- Managing third-party relationships.
- Tailoring your BSA/AML model risk management practices.
Ensure your financial institution is dedicating the right resources to BSA/AML system model risk management.