SAS Anti-Money Laundering and goAML
goAML—short for “go Anti-Money Laundering”—is a flagship software solution created by the United Nations Office on Drugs and Crime (UNODC). Launched in 2006, it provides Financial Intelligence Units (FIUs) in over 70 countries with a secure, standardized system to receive, process, and exchange reports of suspicious financial activity.
The purpose is to:
- Enable collection, analysis, and cross-border/data exchange of financial intelligence to combat money laundering and terror financing
- Standardize Suspicious Transaction Reports (STRs/SARs), Currency Transaction Reports (CTRs), EFTs, and more.
To support future integration with goAML, SAS Anti-Money Laundering now includes a new feature called Transaction Selection. This solution extension is a toolbar that enables users to search against the full core transactions database, select and replicate transactions as internal objects. This sets the stage for transactions to be added to regulatory reports in a future release.
A typical case will have several grids of transactions:
- Replicated transactions that are only related to the scenario that fired.
- Historic transactions, which are 13 to 18 months rolling window of transactions.
Now, it will also include selected transactions, which are chosen by using the toolbar search control.
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