Model Validation Doesn't Have to be a 1000-Hour Project: Yanez provides an off-the-shelf software solution to streamline the process for model validation, following the OCC guidelines.
The OCC framework for model validation satisfies both OCC and NYDFS requirements. While not explicitly required by other regulators such as OFAC, FinCEN, OFSI, and FinTRAC, the model validation process ensures that independent testing requirements by these regulators are satisfied.
To learn more about streamlining sanctions screening model validation, and to access the guide, click below.