TLDR:
- RelyComply has launched a new feature, goAML, to enhance financial crime reporting.
- goAML automates data aggregation for Suspicious Transaction Reports to improve AML/CFT measures.
RelyComply, a leading firm in the RegTech sector, has recently expanded its innovative platform with a new feature, goAML. This addition signifies a major step forward in anti-money laundering (AML) and countering terrorist financing (CFT) measures, reinforcing the company’s commitment to financial security and compliance. The goAML feature has been developed as a response to the growing need for advanced financial crime reporting capabilities, designed to support Financial Intelligence Units (FIUs) worldwide. By integrating with existing systems, goAML enhances compliance investigations, allowing for efficient collection, processing, and analysis of data for comprehensive risk reports.
RelyComply’s platform can now automate data aggregation for Suspicious Transaction Reports (STRs) and facilitate their submission to the Financial Intelligence Centre (FIC) via a goAML portal in the correct XML format. This simplifies the STR workflow, enabling quick generation and submission of reports, enhancing the efficiency of AML/CFT measures. RelyComply is committed to further simplifying the STR workflow by integrating goAML’s standardization features into their end-to-end AML solution, ensuring compliance with AML regulations.
