Automated Monitoring System (AMS) Model Validation

Specialties

Model Governance

Data Integrity

Model Output and Performance

Helping you meet regulators’ demands for independent AMS model reviews

We bring the people and know-how to conduct rigorous, risk-based AMS model validations to assess how well your model governance, data integrity, and parameter thresholds adhere to regulatory guidance.

Conducting an AMS model validation is both an art and a science.

Hundreds of banks and credit unions view us as trusted artists and scientists and count on us to bring insightful regulatory intelligence during AMS model validations.

With real-world experience as former bankers, we understand the effect of increased regulatory pressure on your team. Relying on plug-and-play settings, for example, is a path to frustration, and we know how it feels to be overwhelmed by alerts and struggle to discern what warnings to heed or ignore.

Members of our team have done everything from examining data integrity and its quality and conducting “above the line” and “below the line” testing to assessing a model’s design and how well it’s tailored to your risk profile.

We also bring a solid track record in understanding the quirks of various AMS solutions in the marketplace and performing system validations on them.

Our assessments consider both IT and BSA perspectives, and we focus on three areas:

  • Model governance
  • Data integrity
  • Model output and performance

Throughout each engagement, we communicate with you to keep you informed on our progress and findings. At the conclusion, our exit meeting and written report document our scope, methodology, findings, and recommendations.

Once our AMS Validation is complete, you can be confident that your model is sound and meet examiners’ escalating expectations.

TCA gives you A Better Way to gauge whether your AMS model meets its objectives and protects you from money-laundering risks.

Key Deliverables Include:

  • Testing administrative controls, data import, and data integrity.
  • Reviewing system parameters to be sure they’re functioning correctly and identifying suspicious activity.
  • Ensuring that your model has been calibrated to your bank's risk profile.
  • Analyzing exams, reviews, and monitoring reports to trace the resolution of issues requiring corrective action.
  • Providing exceptional service that respects your time.

AMS Insights

currency transaction reports

Currency Transaction Reports: Fin-2020-R001

By | April 9, 2020
image of offsite review

Considerations for Managing an Offsite Review

By | April 6, 2020

They say change is constant and that’s never been truer than now. In our current reality of sheltering in place and social distancing, each day presents new challenges and opportunities. TCA’s article “COVID-19 Business Impact: What Can You Do to Help?” focuses on how institutions can help customers during the current pandemic, and on the […]

virus, pathogen, infection

COVID-19 Business Impact: What Can You Do to Help?

By | March 23, 2020

Today’s complex world just got a whole lot more complex with the spread of COVID-19. There are new cases daily, stores have limited hours or are closing, restaurants are restricted to carry-out, schools are closed, and many of you have decided to close your lobbies and service your customers through the drive-through or walk-up windows. […]

compliance icon

CFPB Releases Two Policy Statements

By | March 17, 2020

In case you missed the CFPB announcements, the Bureau released two Policy Statements earlier this year. One statement addressed the prohibition on Abusive acts or practices and another notice described a new designation for some Bureau guidance, known as “Compliance Aids,” used to explain the legal status and role of guidance with that designation. Compliance […]

senior man holding money

Bank Secrecy Act: This Time, It’s Personal!

By | March 12, 2020

The headline reads more like the title of an action and adventure movie, but professionals who manage the day-to-day compliance with the Bank Secrecy Act know first-hand how much of an adventure their career path can take. As part of our annual BSA training, we often remind staff that the BSA carries both civil and […]

money, finance, wealth

Important CTR Update – Compliance Date Moves From February 1, 2020 to September 1, 2020

By | February 4, 2020

TCA’s January 21, 2020 “CTR 101 Webinar” highlighted one key change to the FinCEN CTR report – the evolving expectations on how to complete Part I Item 2. The original October 1, 2019 Notice published required a February 1, 2020 compliance date. The January 17, 2020 Notice extends the compliance date for files to September […]

Do You Need Compliance Help?

We’re here to review your current compliance strategy and help you find A Better Way to manage risk.

Phone

800-934-REGS

Email for Non-Confidential Information Only

[email protected]

Office Location

2021 Midwest Road, Suite 200,
Oak Brook, IL 60523

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