Financial Crime Compliance | Training | Advisory
In an era marked by rapid globalization, financial institutions are facing increasing pressure to combat financial crimes, including money laundering and terrorism financing. As primary defenders in the financial sector, these institutions require robust systems to effectively monitor and report suspicious activities. goAML, developed by the United Nations Office on Drugs and Crime (UNODC), serves…
From the previous article, we have come to known that why different regulatory bodies want to implement goAML and why they are pushing different financial sectors to implement them. However, the problem occurs when the expectation of regulatory bodies does not match with the reality of financial institutions. We are going to share some problems…
If you are in the financial institution sector, you must have heard the term GoAML. This two-part article series will explain what is GoAML, why was it introduced, what are nuts and bolts behind it. What is goAML? GoAML application is one of out of many solutions provided by UNODC to combat worldwide financial crime…
