To combat the global financial crime, the ‘goAML’ app is developed by Enterprise Application Center Vienna (EAC-VN).
Enrich Your Learning:
- The goAML application is a fully integrated software solution developed specifically for use by Financial Intelligence Units (FIU’s) and is one of United Nations Office on Drugs and Crime’s (UNODC) strategic responses to global financial crime.
- It includes money laundering and terrorist financing.
- goAML is an integrated database and intelligent analysis system developed by the Enterprise Application Center Vienna (EAC-VN) of UNODC.
- goAML is specifically designed to meet the data collection, management, analytical, document management, workflow and statistical needs of any Finance Intelligence Unit.
The goAML application has three primary solutions:
- Collection: data is submitted by Financial Intelligence Units (FIUs) from banks and other financial institutions.
- Analysis: rule-based analysis, risk-score, and profiling are performed by FIU analysts.
- Data exchange:
- The exchange of data is:
- between the FIU and the intelligence agencies or juridical authorities (within the framework of the national coordination).
- between the FIU and regional institutions (eg. through FIU.net) and international ones (eg. Egmont Secure web).
- As FIUs are generally responsible for receiving, processing and analysing reports made by financial institutions or other entities, they play a leading role in any anti-money laundering regime.
UN Office on Drugs and Crime (UNODC)
- UNODC is a global leader in the fight against illicit drugs and international crime.
- It was established in 1997 through a merger between the United Nations Drug Control Programme and the Centre for International Crime Prevention.
- UNODC operates in all regions of the world through an extensive network of field offices.
- It relies on voluntary contributions, mainly from Governments, for 90 per cent of its budget.
- It is mandated to assist Member States in their struggle against illicit drugs, crime and terrorism.
- To integrate and mainstream the gender perspective, particularly in its projects for the provision of alternative livelihoods, as well as those against human trafficking.