Introduction In this article, I will present updated fundamentals on what is an Anti-Money Laundering (AML) model validation as defined by the Office of Comptroller of the Currency (OCC) guidance. In an effort to provide oversight on the model validation process, I will demonstrate the definition, it’s origin, how that translates to its use in […]
About Frank Masi, Ph.D.
Frank Masi, Ph.D. has over 25 years of business and technical experience and holds a doctorate in business and organizational management from Capella University. Over the last 10 plus years, Dr. Masi has worked in the BSA, AML, and OFAC regulatory environment and has consulted in the in the financial industry providing institutions with enterprise level regulatory software solutions and consulting services in BSA, AML, KYC, P.A.T.R.I.O.T. Act, and OFAC.