Summary:

Money laundering and the financing of

terrorism are global problems
that can threaten the security and
stability of financial institutions and
systems, undermine economic
prosperity and weaken governance
systems.
The goAML application is a UNODC
strategic response to financial crime
including money laundering and
terrorist financing. The goAML
application has been developed by the
Information Technology Service of
UNODC in partnership with the
UNODC Global Programme Against
Money Laundering. It is an integrated
database and intelligent analysis
system intended for use by Financial
Intelligence Units worldwide.
Financial Intelligence Units play a
leading role in any anti-money
laundering regime as they are generally
responsible for receiving, processing and analyzing reports made by financial institutions or
other entities according to the requirements of domestic anti-money laundering laws and
regulations. Such reports and other information gathered by FIU's often provide the basis for
investigations into money laundering, terrorist financing and other serious offences.

Why goAML?

Assists countries to meet international standards by establishing effective Financial

Intelligence Units.
Provides a uniform and standard AML platform to fight money laundering.
Designed as a modular system to fit the needs of any FIU irrespective of size.
An integrated system which can replace several disparate solutions.
Helps reduce the learning curve for new users with its standard graphical user interface
on all goAML screens.

Saturday, January 24, 2015

Shahrear Ahamed

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Objectives:

Application:
The goAML solution is executed in three steps: collection, analysis (rule-based analysis, riskscore and profiling) and dissemination (escalate to law enforcement and seek feedback). It
provides a facility for the rapid exchange of information between the FIU, financial institutions
law enforcement and judicial authorities, while ensuring confidentiality of the data collected. The
goAML software is designed as a modular system to fit the needs of any FIU irrespective of size.
An FIU receives data from financial institutions and other reporting entities in the form of:

Cash Transaction Reports (CTR)

Suspicious Transaction Reports (STR)
Electronic Funds Transfer Reports (EFT - including International Funds Transfer
Reports)
List-based reports such as reports generated from lists of known terrorist identities.

Key Points:

goAML, standard software system available for Financial Intelligence Units to counter
Money Laundering and Terrorist Financing

The goAML application has been developed by the External Systems Unit, part of the

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Information Technology Service (ITS) of the United Nations Office on Drugs and Crime (UNODC)

Saturday, January 24, 2015

Shahrear Ahamed