Fed: Interagency Statement on Model Risk Management for Bank Systems Supporting Bank Secrecy Act/Anti-Money Laundering Compliance
April 10, 2021
April 10, 2021
WASHINGTON, April 10 -- The Federal Reserve's Division of Supervision and Regulation issued the following letter by Michael S. Gibson, director for division of supervision and regulation:
TO THE OFFICER IN CHARGE OF SUPERVISION AT EACH FEDERAL RESERVE BANK
SUBJECT: Interagency Statement on Model Risk Management for Bank Systems Supporting Bank Secrecy Act/Anti-Money Laundering Compliance
Applicability: This guidance applies to all financial institutions sup . . .
TO THE OFFICER IN CHARGE OF SUPERVISION AT EACH FEDERAL RESERVE BANK
SUBJECT: Interagency Statement on Model Risk Management for Bank Systems Supporting Bank Secrecy Act/Anti-Money Laundering Compliance
Applicability: This guidance applies to all financial institutions sup . . .