Finch Innovate

Anti-money laundering (AML) regulations are becoming more and more stringent and complex with each passing day. As a result, most businesses face problems in staying compliant with the country’s AML regulations when carrying out financial transactions.  If you want to ensure that you are not doing anything that the law enforcement department might not be happy about, you must contact a qualified anti money laundering consultant. A top AML consultant will provide you with advanced AML solutions that will help you manage your compliance efforts more efficiently. Read the write-up to find out why every business should start using trusted AML solutions.  How Does an AML Solution Work?  AML solutions are software designed to make following AML regulations easier for businesses. These solutions enable automatic identification and reporting of suspicious activities, streamline CDD (customer due diligence and give companies access to a consolidated platform for more effective man...

GoAML comes under the list of buzzwords that have gained a lot of attention in recent times. It was originally developed by the United Nations, and has become an important tool in to fight against serious crimes such as money laundering, financial crimes and terrorism. GoAML is a fully integrated software that has been developed by the United Nations Office on Drugs and Crime. According to the reports of UNODC, more than 50 financial units around the world are usingthe software.    What is the role of the goAML software?   The financial intelligence units process and analyse reports that had been made by the FUI as per the requirements of the anti-money laundering protocols. These reports had been recorded based on money laundering activities or terrorist financing. The goAML portal has been used by the UAE’s FIU to collect information and data about suspicious transactions which involve terrorism financing.    Additionally, all the registered users have access ...