New version of the reporting system goAML available from August 1, 2023

19.07.2023

The Financial Intelligence Unit (FIU Latvia) is transitioning to a new version of the reporting system goAML (version 5.2) on August 1, 2023. The new version will enhance the FIU Latvia work in the field of preventing money laundering by providing more accurate and precise information about suspicious transactions and threshold declarations.

goAML new version 5.2 is customized to global trends in the financial intelligence field, aiming to streamline the FIU Latvia operations and enable the acquisition of higher quality data for further investigation of money laundering cases and cooperation with other relevant institutions. The goAML system was developed by the United Nations Office on Drugs and Crime (UNODC) and is currently used in over 60 countries worldwide.

 

Benefits of implementing the new version of the reporting system goAML include:

 

  1. The ability to submit more precise and structured reports on suspicious transactions and treshold declarations;
  2. New features such as reporting virtual currency transactions and sanction subjects;
  3. Uploading and editing prepared XML files through the goAML website user interface;
  4. New report fields in line with the latest reporting requirements in the field of financial intelligence.

 

Starting from August 1, 2023, reports and threshold declarations FIU Latvia will accept in the new goAML system version 5.2, available on the website: https://goaml.fid.gov.lv.

 

goAML is a specialized application created for the work of financial intelligence units by the United Nations Office on Drugs and Crime (UNODC) and is currently used in over 60 countries worldwide. FIU Latvia implemented the application on October 1, 2021.

 

More information about goAML for unregistered users can be found on FIU website here and for registered users on FIU Latvia training platform https://training.fid.gov.lv/.

 

goAML is used to facilitate analysis and structured, digital receipt of suspicious transaction reports and threshold declarations from entities governed by the Anti-Money Laundering and Countering the Financing of Terrorism and Proliferation Law. Further, it is used for and facilitates an effective information exchange with competent law enforcement, supervisory and control authorities in the field of financial intelligence.

 

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