AML
Automate AML Regulatory Reporting
Compiling suspicious transaction reports is a tricky requirement, but made seamless with RelyComply’s access to goAML.
Arrange a demoCut STR errors by 50%
Accelerate compliance reporting by 40%
Improve detection of suspicious activities by 30%
Adding structure to a sprawling AML landscape
Catching any crime in the financial network hinges on tracking, monitoring and assessing the natures of individuals, businesses, and payments. Raising flags for any suspicious activity helps present actionable reports to watchdogs. This is not a recommendation but a regulatory requirement to stop the threat of facilitating money laundering, terrorist financing, and more.
Financial institutions struggle to comply with unstructured rules at global and local levels, especially with data used to compile Suspicious Transaction Reports (STRs) lacking a central hub. With RelyComply’s integration with goAML, a feature used in over 60 states worldwide, there’s a more formalised way forward to tighten the fight against fincrime.
Regulatory reports made easy with goAML.
One customer view
By pulling together siloed data into RelyComply’s end-to-end platform, you can track any flagged dubious payment information and immediately ready an STR.
Report generation made easy
Formulate a report into a standardised XML using a simple interface for any user. Pre-populate forms and scan the results before submission—with no human error, the reputational risk is reduced.
Everything you need, where you need it
Providing seamless integration between existing reporting workflows and goAML, RelyComply ensures that filling in and validating forms is completed quickly, freeing up space for investigating any high-risk transactions.
Making sure you're fully AML compliant
Speedily meet various requirements spanning the compliance landscape (using data management and statistical analysis), while the powerful validation tool ensures that AML laws and regulations are met.
Get started with RelyComply
Raise reports directly
Full integration allows upload reports to go straight into the goAML portal for review.
Format with ease
Your STRs will be formatted to meet requirements in a few clicks.
Supply the human touch
With forms pre-filled, only an expert final eye is needed to ensure reports are ready for approval.
Trust your new process
goAML is developed and endorsed by the UNODC.
Quick AML insights
Synthetic identities: addressing the silent epidemic
Knowing that your very identity is being transferred right now across the dark web is highly discomforting. Unfortunately, it’s also highly likely. The fraudulent use of passport photos, addresses and phone numbers has been around for a long time, and in the public eye, but the newer incarnation – synthetic identity fraud – is a … Continued
Enhancing customer onboarding at scale
Despite it being the norm, the thought of interval-led know your customer (KYC) every few years seems extremely outdated. Crime never sleeps and customers transact around the world at any time of day. Illicit payments and people can infiltrate the system at any point. Presiding over the comings-and-goings continuously is paramount to every modern financial … Continued
UBO risks: The hidden link between tax crime
Tax evasion is a drastic action often well beyond mere ‘avoidance’. The illegal dodging of tax payments costs countries half a trillion dollars a year, all because individuals and companies preemptively exploit tax loopholes for financial gain. While tax evasion is already a crime, the veiling of identities or payments often covers other areas of … Continued