Model Risk in Financial Crime

By Steve Lindo, Vesna McCreery & Raj Shah

A featured article of our February 2021 edition of PRMIA's Intelligent Risk quarterly newsletter

Financial crime is an industry. Like many other industries, the forces that shape its evolution include supply and demand, technology, competition, regulatory hurdles, return on investment, and risk management. Financial crime has grown exponentially in both volume and sophistication in the past  20 years. As a result, banks, the primary conduit for global transactions and, therefore, a necessary ingredient for laundering criminal proceeds, have been forced to increase the scale and sophistication of their financial crime detection and prevention methods. 

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About the Intelligent Risk

Intelligent Risk is PRMIA's quarterly publication, bringing all PRMIA members free access to knowledge and information about risk management for financial institutions as well as current information on PRMIA chapters, committees, academic partners, news and events.
Individual articles from each edition are published under our members only Risk Library resources section. PRMIA is sharing select articles from the February 2021 edition with the public. Get more articles like this by joining PRMIA today.

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