For banks that utilize BSA/AML monitoring software, we offer a BSA/AML Software Data Validation service to be conducted simultaneous to the BSA/AML Review. As directed by FFIEC guidance, we will ensure that the BSA/AML monitoring system’s effectiveness at detecting potentially suspicious activity is independently validated through various testing points. The internal control review will test to determine if administrator rights are granted to proper employees. Processes for user rights, employee change and management change will also be tested. Further, adequacy of staffing and proper communication between departments will be assessed, if applicable. The data integrity process reviews transaction types, dollar amounts, account numbers and other variables from the core system to ensure that the data is extracted accurately by the BSA/AML software system. The BSA/AML Software Data Validation service does not include software model validation.