Modules

goAML conversion

Globally, there is an ongoing push to fight money laundering and terrorist financing. As part of these efforts to modernise international approaches, Financial Intelligence Units (FIU) are choosing goAML as the standard for providing consistent and insightful intelligence to the respective authorities.

With the introduction of goAML, FIUs are starting to adopt a single, standardised reporting platform which enables stakeholders to share information on suspicious transactions in a structured manner.

The goAML system

The goAML system has been developed to manage processes and analyse reports about suspicious transactions, financial transactions of any type, and list or alert based reports. It is designed to fully automate data collection and dissemination.

goAML’s analytical capabilities support analysis and investigation teams with highly sophisticated reporting capabilities. It can analyse and visualise large volumes of data, helping researchers and investigators to understand complex patterns of transactions and develop tactical and strategic intelligence.

The goAML system can monitor potentially suspicious accounts, as well as reveal risky patterns and other covert connections.

Choose a standalone or integrated goAML module

To cater to the goAML XML requirements, ComplyRadar has developed a goAML conversion module which can be delivered as a standalone tool or fully integrated into our Case Management module.

The standalone version includes an easy-to-use Excel template and can export data in line with the FIU XML scheme once populated by the user with all the relevant transaction information.

The integrated version is automatically populated from data coming through the ComplyRadar Case Management module. This module will not only save you time and resources, but it enables you to assign resources to focus on the more critical elements of your business.

The simple and user-friendly UI and rule designer can be combined with third-party data services such as PEP screening tools and electronic identity verification. Additionally, the sandbox testing environment allows users to test detection rules and results before deploying to live websites, thus ensuring the accuracy and efficiency of the system.

Another advantage of ComplyRadar’s system is that it gathers all your compliance information, investigation, audits of events, and case history on a single platform. With the benefit of a unified point of reference, your staff can safely share case data and collaborate on investigations with external partners.

STR​

Suspicious transaction report would refer to an instance where a subject person can identify a transaction that would be classified as suspicious.

SAR

Suspicious activity report would be submitted when a subject person identifies a trend of activities that might not in themselves be considered reportable, but in a whole generate suspicion.

TFR

Terrorism financing reports would be submitted when there is a clear
suspicion of terrorist financing.

PEPR

Politically exposed person report should be submitted when there is suspicion of politically exposed persons involved.

RFI’s

Request for information- whereas the FIAU can request all personal and transactional information an organisation may hold on a particular individual
and/or organization.

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Let us provide you with a product demo on simulated data to ensure you see the solution in action relative to your business requirements.

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