2024-10-02
Financial Integrity Newsletter – October edition
10.05.2022
From April 25 to 29, representatives of financial intelligence units (FIU’s) from more than 20 countries gathered in Riga to share their experience and ideas on the use of the goAML application. Experts from United Nations Office on Drugs and Crime (UNODC) elaborated on the topics of AML/CFT and goAML, technology opportunities, sanctions, cybersecurity, artificial intelligence and many others. The visit was organized by the Financial Intelligence Unit of Latvia (FIU Latvia) in cooperation with the UNODC.
Exchanging the various experiences in different FIU’s regarding the experience in implementing and working with goAML was particularly valuable. Although all FIU’s use the same application, each country adapts it to its own legal and procedural framework. Opportunity to get to know details on workflows, automated solutions and interconnections with other resources was highly appreciated.
The meeting was attended by financial intelligence experts from Bangladesh, Botswana, Denmark, Ireland, Iceland, Jordan, Kenya, Kosovo, Liechtenstein, Malta, Mongolia, Finland, Switzerland, Germany and other countries.
Main conclusions of the visit:
“The added value of the meeting was the opportunity for representatives of financial intelligence units as product users to meet with UNODC experts as product developers and discuss the current topics as well as the challenges on the use of goAML. The meeting also provided an opportunity to learn from the experience of other users, so that a country with, for example, innovation in goAML does not have to redesign it, but has the opportunity to adapt the approach from other countries. In addition, the regional meeting of goAML users was a valuable contribution to strengthening its network and building mutual trust, which is essential in the daily cooperation of financial intelligence units as financial crime is increasingly cross-border in nature,“ Ligita Pula, the Head of Innovation and IT Unit of the FIU Latvia highlights the benefits of the meeting.
About goAML
The goAML application is the UNODC Software Products for Member States' response to money laundering and terrorist financing, and is available to Financial Intelligence Units of Member States to support their work.
The main benefits for goAML users include having a uniform and standard global anti-money laundering platform, a modular system to fit the needs of any type of FIU, reduced learning curve for new users and support by a growing user community, as well as benefits from strategic partnerships with many international and regional institutions.
The FIU Latvia introduced the goAML application as of October 1, 2021.
More information about the goAML application on UNODC website https://unite.un.org/goaml/.
2024-10-02
Financial Integrity Newsletter – October edition
2024-09-19
Vehicles registered in the Republic of Belarus are officially prohibited from participating in road traffic in the Republic of Latvia