Example: stock market
Aml model validation in compliance with
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Frequently Asked Questions in relation to Anti-Money ...
www.hkma.gov.hkOct 22, 2021 · requirements to senior management, or have simpler AML/CFT procedures etc. 3. Paragraph 5.8 of the AML/CFT Guideline Independent validation Who can independently validate an AI’s transaction monitoring systems and processes? Such validation can be performed by an external party or the internal audit function of the AI (see paragraph