Independent Assurance
Know why your AI is right
Using AI for AML requires confidence not only in what the system produces, but in when its output can be relied on, when it should be challenged and where additional review is needed.
What we assess and how
We can help assess whether an AI solution performs reliably for its intended AML use case and whether the surrounding controls are appropriate for how the solution is used.
We test the solution against relevant AML cases, looking for issues such as missed risk indicators, loss of important context, unsupported conclusions and differences in performance across customer or case types. Where weaknesses are identified, we investigate whether they originate from the data, model, prompts or instructions, system configuration, or the way the solution is used in practice.
We also assess whether analysts can trace outputs back to supporting information, understand the basis for the result and recognise when further review or challenge is required.
Scope and findings
We can provide full-scope validation of AI models or just provide testing of parts of the AI solutions, based on your needs.
Our findings explain where the solution performs well, where weaknesses remain and how those weaknesses could affect AML assessments. We provide prioritised recommendations covering both the solution itself and the controls around it.
Testing over time
Where relevant, we can also establish repeatable testing and evaluation frameworks so that future changes to models, prompts, data sources or other system components can be assessed against an agreed baseline.
Independent Assurance can be applied to solutions developed internally, provided by a third party or built by Frank Penny.
What you get
Wherever you are with AI
Entry level is up to you
Review & Assess
Mapping your AI possibilities
A review shows where AI could make a practical difference in your AML work, what is already in place and what is needed before you invest.
What you get
AI opportunity map / Prioritised use cases / Gap analysis / Implementation roadmap / Action plan
Build & Deploy
Let’s make your ideas tomorrow’s reality
We build AI tools for tasks like EDD summaries and KYC document review, adapted to your systems and templates, with controls that let analysts check the output.
What you get
Working AI solution / Workflow & system integration / Tested & traceable outputs / Documentation & controls / Training & handover
Governance & Control
Your AI runs, responsibility doesn’t
Clear ownership, approval routines and controls for AI, built on your existing governance, so everyone knows who checks performance and who acts when something goes wrong.
What you get
AI governance framework / Roles & responsibilities / Policies & controls / Approval & oversight processes / Monitoring & change management