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Validating Nontraditional Financial Crime Models
October 21, 2025 @ 12:00 pm – 1:00 pm EDT
Event details
As financial services organizations continue adopting advanced systems to strengthen financial crime compliance programs, many are deploying tools such as identity verification models, sanctions screening systems, and cash aggregation utilities. These technologies can improve efficiency and detection capabilities of core banking systems, but they also pose unique risks and compliance challenges that demand new approaches to model validation.
This webinar will explore how to effectively validate these models while remaining aligned with regulatory expectations and internal governance standards. Our specialists will discuss what qualifies as a model under existing regulatory frameworks, and they’ll offer strategies for performing risk-based validation on tools that might not fit within traditional model governance definitions.
Through a review of industry use cases – including currency transaction reporting (CTR) automation, sanctions screening capabilities of core banking systems, and customer identity verification (IDV) platforms – our specialists will demonstrate practical steps financial crime and compliance professionals can take to validate these tools with confidence.
After attending this session, you should be able to:
- Identify typical use cases for financial crime tools within your organization and assess whether they meet the institution’s model definition
- Identify risks and controls that are assessed through independent financial crime model validation in both model and nonmodel scenarios
- Compare traditional validation methods to those needed for nontraditional models, and design risk-based validation strategies for systems like CTR, IDV, and sanctions screening capabilities in core banking platforms
Continuing professional education
Prerequisites: None
Program level: Overview
Advance preparation: None
Delivery method: Webinar (group internet based)
Field of study: Specialized knowledge
This session is recommended for 1.0 hour of CPE credit.
Note: All participants MUST be logged into the webinar INDIVIDUALLY to receive CPE credit. CPE credit will only be granted in the name of the individual logged into the LIVE presentation. Crowe is unable to grant CPE credit for groups viewing the webinar or for viewing on-demand recordings of the webinar.
There is no registration fee for participating in this webinar; therefore, there is no cancellation fee.
