Reimagining Financial
Crime Compliance

AML RightSource leads the industry in model validations with decades of combined practical and advisory experience working with leading compliance industry software platforms.

Based on your foundational risk assessment, we:

• Conceptualize and execute a validation process that accounts for your existing model’s coverage of risk and known gaps or limitations associated to it
• Review your documented methodologies and previous testing/tuning exercises
• Verify your data sources and targets
• Analyse the alert output by segment, rule, and review period
• Review your model governance including model risk management, issues tracking, and audit

Allow our advisory and data science professionals the opportunity to meet your validation needs and ensure that your systems are compliant.

*We handle issue remediation, lookback support, enforcement action support, gap assessments, risk assessments, coverage assessments, staffing assessments, cyber risk assessments, and independent AML audits.

System tuning and optimization in financial institutions is an ongoing process. It requires regular adjustments to detection rules, thresholds, and models to align with regulatory changes and evolving risks. Our proprietary, data-driven methodology helps set and fine-tune thresholds for each scenario at the segment level, based on your transaction history.

Through our proprietary heuristic approach, we amalgamate the output from multiple systems analyses across your operations, providing detailed rationales and recommended actions for updated thresholds and further optimization.

When it comes to AML Systems, FCA works with you and your system vendors - hand in hand - to support the entire implementation lifecycle, from planning to tuning. Our data-driven approach helps clients identify and evaluate the right scenarios, segments, and thresholds associated with successful implementation. Our in-depth knowledge and experience spans a broad range of AML systems, enabling us to guide you through the process and help avoid common mistakes.

Our team of global experts conduct comprehensive risk assessments, including BSA, Sanctions, and Fraud, to uncover and address vulnerabilities within your institution. Benefit from our robust methodology and proprietary risk assessment tool tailored to help you identify and quantify your risks. A lot goes into establishing internal controls and processes. We deliver the information you need to track your risks over time and help you understand how to optimize your AML resources.

Independent Audit is a Pillar of any BSA Program and ensures that the compliance program is implemented properly and is working as expected. Aside from the required independent audit, there are times when a program review is essential. Whether it’s exam preparedness, a merger or acquisition, or even a consent order, the FCA team has performed independent reviews for all types of financial service providers. Our time-tested documentation and workpaper processes ensure a work product that meets regulatory expectations and testing requirements, providing your program with a fresh set of eyes to ensure there are no material gaps within your program .