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.
Suspicious Transaction 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
KYB vs KYC: Understanding the Differences and Importance in AML
This article discusses the nuances of KYB vs KYC, exploring their differences, importance, and implementation in the context of AML compliance. As regulatory scrutiny intensifies, financial institutions must implement comprehensive due diligence measures to mitigate risks associated with money laundering, terrorist financing, and other financial crimes. At the heart of these measures lie two critical processes: … Continued
Uncovering Hidden Risks: Advanced KYB Techniques for AML Professionals
In today’s rapidly evolving financial landscape, the sophistication of money laundering schemes has reached unprecedented levels. As Anti-Money Laundering (AML) professionals, we face an ongoing challenge to stay ahead of criminals who constantly adapt their methods to exploit weaknesses in compliance systems. Traditional Know Your Business (KYB) procedures, while foundational, are no longer sufficient to uncover the … Continued
RelyComply’s leading AI solutions included in AIFintech100
We’re thrilled to have been recognised as a pioneering platform utilising artificial intelligence technology (AI) in Fintech Global’s annual AIFintech100 list for 2024: the premier showcase of powerful AI partners for financial services companies. This year may be the most vital time for Financial Institutions (FIs) to get to grips with AI. Not only is the understanding … Continued