Initial situation

• According to Swedish money laundering law, the investment bank must conduct a validation process to ensure the model is fit for its intended purpose.

• The model shall be validated before it is put into use.

• The investment bank required support in the implementation of a validation of the AML/CFT-transaction monitoring model within the private banking operations before it is put into use. 

Approach

The project is a validation of the investment bank’s AML/CFT-transactions monitoring model. The validation will include:

• Parameter set based on established policy documents and other model documentation.

• Feedback and suggestions for improvement measures regarding documentation, parameters and links to the overall risk assessment.

• A summary report of the validation results.