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Anti Money Laundering,Data Collection and Reporting
• Information Technology Service External Systems Unit
• Global Programme against Money Laundering
Money Laundering/Terrorist Financing – The World’s Response
• Establish a global environment hostile to money laundering and terrorist financing
• Implement international standards including the FATF 40+9 recommendations
• Establish Financial Intelligence Units around the world
• Establish protocols and platforms for sharing intelligence and evidence
• Secure technical assistance for countries to implement international standards
• Uniform and standard AML platform - desirable
Anti-Money Laundering Process
Three essential components of an AML/CFT regime:
• A functional compliance culture
• Functional regulatory bodies – central Bank, SEC, Insurance Regulator etc
• An effective financial intelligence unit tasked with:
• The above processes ideally should be automated particularly if they involve high data volumes
From Start to Finish
goAMLgoAML goCASE
• Designed as a modular system to fit the needs of any FIU irrespective of size
• from a single computer with a few thousand processes - up to 500 million processes over 5 year period irrespective of file size
• Processes and analyzes reports on:- Suspicious transactions- Financial transactions – of any type- List or alert based reports – CFT etc
• Fully electronic data collection and dissemination from any source such tax, law enforcement records, immigration service (passenger movement records), property registrar, vehicle registrar etc….
goAML – global Operations Anti-Money Laundering
goAML – Collecting and Managing Information
Reporting standard defined:•XML based (world standard format)•Samples available for FI IT Personnel•Exhaustive documentation available
Validation application:•Checks for valid XML•All required fields are present•Data types are correct•Ensures reporting entities report
in the correct format from day 1
goAML – Gathering and Managing Information
Secure website (SSL 512 bit encryption) for:
• Creating reporting entities- by the FIU
• Creating contacts
• Changing contact details- by the reporting entity
• Report upload
• Report data entry- manually if necessary
• Report verification- clean up by system
goAML – Gathering and Managing Information
• Report History
- what reported
- accepted/rejected ref number
• View uploaded report
- Individually
• Submission status
- accepted/rejected
• Common content for any reporting entity
- flexible
- secure information from FIU
- compliance circulars
- alerts
- name lists
goAML – High Volume Analysis
• Support analytical and investigation teams with highly sophisticated reporting capabilities.
• Visualize large volumes of data to help understand the big picture.
• Monitor potentially suspicious accounts.
• Reveal patterns and hidden connections.
• Create analytical charts manually or automatically.
Workflow for STR analysis
• Tasks and the process diagram are defined by the FIU users
- can change to suit their own needs- full visual designer
• Task assignment and tracking- within FIU- push or pull reports by e-mail
• Integrated reporting- workflow reports - assignments- progress- results
goAML – Collecting, Managing and Analyzing Information
• Integrated source tracking- tracks externally sourced information - creates bring-ups, reminders etc
• Automatic resource scheduling- automatically assigns tasks- monitors workloads- measures outputs/performance
• Case feedback integration- Produces standardized feedback- reports as word documents
goAML – Collecting, Managing and Analyzing Information
• Customizable data gathering templates- standardized format for receipt of information
from outside agencies that decides transmission medium (email/fax/post)
• Time in flight analysis- Time management measure
goAML – Collecting, Managing and Analyzing Information
• Common user interface across analysis screens
- screens look and feel the same- supports multiple languages
• Workspace based (keep information through different reporting sessions)
- two work spaces available at any one time
- previous work automatically saved
- supports text, tables, merged tables, pictures
goAML – Analysis and Targeting Solution
• Analyst can retrieve, filter and re-arrange the data accordingly to his/her needs.
- Rearrange data fields- Change grouping- Filter data- Change data sorting- Save layout- Export
goAML – Analysis and Targeting Solution
• Linking to other screens from current screen
• Allows easy comparison of different accounts, persons or entities
• Each window acts independent of others
• Copy fields or rows
• Makes analysis easy
• Very easy to learn
• All these components have restricted access
goAML – Analysis and Targeting Solution
goAML – Analysis Trails Link charts association charts – transaction flow charts etc
• Money and person trails for inbound and outbound transactions
• Trail for duplicated addresses, phone numbers and other identification data
• Displays: - source and destination displayed as nodes- direction and amount displayed as arrows
goAML – Analysis - Pivots
• Reports offer many different views of data under analysis
• Allows for dynamic user filtering and grouping of related data
• Allows for searching for TOP targets - 5/10/50 etc
• Flexible data search capability
• Simple integration with Excel- excellent for net worth analysis- ease of attachment to intel
reports- arrives live so can be manipulated by receiver
goAML – Analysis - Intersect
• Combines data from two different reports - User chooses the two reports populated with data and the
columns to intersect
Result is displayed in a completely new window with the intersected data
goAML – Information Dissemination
• Suspicious activity detected
• Open a new case – analysis output attached
• goCASE picks this up
• Export case to MS-WinWord- Case file remains with FIU- Output in the form of Intel report- Sanitised to the level required by the user
goAML - User and role based functions
• Management: Is able to check the submissions and the status of reporting entities. - performance measure/compliance
• Analyst: Responsible of conducting the analysis, finding suspicious activities and linking to similar-patterned cases where they exist - analysis
• Administrator: Allowed to add new user, give/revoke access to screens and different actions.
Access to certain actions is dependant on the user’s role!
goAML - Security
• Username and password required to access applications.
• Access can be granted and revoked per:- User- Screen- Certain actions like copy, export etc.
• Access to screens and data is logged.
• Data partially encrypted in the database.- Encryption level and extent at the discretion of the user
goAML - Security
• Access to the system generally or to any part of it at the discretion of the user – the user must “open the gate”
• UNODC does not hold private key – cannot decipher encrypted data
• Rule engine secure
• Database and system tools installed on the user’s premises, UNODC has no independent access
Impossible is not a fact, only an opinion
Thank you!