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What Is the Anti-Money Laundering Act (AMLA)?

goAML is a software solution developed by the United Nations Office on Drugs and Crime (UNODC) to combat money laundering and financial crime. It serves as a powerful, cutting-edge reporting platform for Financial Intelligence Units (FIUs) worldwide, allowing institutions such as banks, insurance companies, and other financial entities to submit suspicious transaction reports (STRs) and other regulatory filings. 

In the financial crime compliance space, goAML plays a crucial role in helping organisations adhere to anti-money laundering (AML) regulations. It streamlines the process of reporting suspicious activities, enabling FIUs to analyse, detect, and investigate potential money laundering and terrorism financing activities. By centralizing financial crime data and promoting collaboration between regulatory bodies and financial institutions, goAML enhances global efforts to curb illicit financial activities and protect the integrity of the financial system. Its implementation helps organizations stay compliant and minimise the risk of sanctions. 

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