goAML – Swedish Financial Intelligence Unit’s new system for AML reporting, January 13th & March 1st
The Swedish Financial Intelligence Unit, FIPO, oversees all intelligence work regarding anti-money laundering and financing of terrorism. To better perform their mission, FIPO will now change their IT system which will affect all entities with a reporting obligation.
Starting January 13th, all entities can report suspect anti-money laundering activities and suspect financing of terrorism in the new system, goAML. On March 1st, the old reporting portal will close and goAML will be the only portal for reporting these kinds of suspect behavior.
The goal with goAML, a system that is provided by the UN, is to increase the quality of the reported material to FIPO. By reporting through goAML, the manual reporting process will decrease which leads to a minimized risk of faults and wrong inputs.
FIPO recommends that all entities with substantial and large amounts of transactions, report via an xml-file. Trapets’ system for surveillance of anti-money laundering and financing of terrorism, InstantWatch AML, will support this file-format for uploading in goAML in its next release.