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 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.
To cater for 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 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.