UK Finance Urges Integrating Financial Crime Models

UK Finance highlighted in a recent blog by Aleksandra Bojarzyn of KPMG UK and colleagues that firms must move beyond checkbox compliance and integrate AML, fraud and counter-terrorist financing models into broader model risk management frameworks guided by the PRA’s SS1/23 and Wolfsberg Group insights. The post urges creating dedicated model families, proportionate validation, and streamlined governance to reduce false positives and accelerate deployment, ahead of full alignment by end-2026.