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Four common trouble spots in AML validation, that’s today on risk watch

FREDERICK, MD (March 20, 2015) — This week’s Risk Watch video tackles anti-money laundering validation monitoring, an issue for most any financial institution. Ken Agle, president of AdvisX, breaks down the four biggest trouble spots that financial institutions face when conducting an AML validation.

“It’s not enough to simply configure your AML system and hope for the best,” Agle said, “A vital part of the process is conducting periodic validation.”

Agle brings more than 25 years of experience covering almost all facets of financial institution risk management operations. He has conducted more than 350 compliance reviews and has assisted more than 200 financial institutions throughout the United States.

“The Risk Watch video series is just one of the ways our team of experts is helping financial institutions proactively address compliance challenges,” said Ken Wolff, CEO of AffirmX, which sponsors the series. ”We encourage credit unions of all sizes to take advantage of these educational resources and contact us to learn more about our solutions.”

AffirmX provides automated risk intelligence solutions that help financial services institutions reduce risk management workloads, anxieties and costs. The AffirmX Risk Intel Center delivers accurate risk intelligence based on expert review of internal and external data sources through a query-based workflow engine. AffirmX enables clients to spend less time searching for issues and more time proactively remediating and mitigating risks so that they can focus on their core business.

Subscribe to www.riskinbox.com for email updates on what’s hot right now in compliance and risk for credit unions. For more information on AffirmX’s unique compliance solutions and consulting services, visit affirmx.com or advisx.com.

 

 

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