2 About goAML STR

The United Nations Office on Drugs and Crime (UNODC) standard software system is available for Financial Intelligence Units to counter Terrorist Financing and Money Laundering.

In today's global economy, terrorist financing and money laundering have assumed heightened importance. Money laundering and the financing of terrorism are global problems that threaten the security and stability of financial institutions and lead to undermining economic prosperity.

A lot is being done to combat money laundering at the global level. Government Office Anti-Money Laundering (goAML) is a UNODC response to combat money laundering. It is an intelligence analysis system intended to be used by the FIU (Financial Intelligence Unit). FIUs have a big role to play as they have access to financially related information that provides a base for financial investigations.

An FIU is responsible for receiving, analyzing, and processing reports required from financial institutions or persons referred to in national anti-money laundering legislation. This template allows the banks to generate the final Suspicious Transaction XML Report that is submitted to their regulator through the goAML application.