Acts as a bridge between a core banking software and Bangladesh Bank goAML web portal
Monitoring of suspicious transactions and reporting associated currency transaction reports (CTRs) is made more challenging in today’s complex business environment. Banks with legacy systems and labor-intensive processes are unable to act quickly and report accurately on these issues, facing fines and reputational damage for non-compliance.
We understand any complex, dynamic business and regulatory requirements and that keeping CTR program efficient and effective to meeting business obligations and gaining value from operations.
MicroMac’s ‘goAML Middleware’ provides reports within a single, unified platform that allows banks to fully manage the CTR process and reporting needs imposed by the regulatory authority.
Features
Complete web based solution ensures maintaining and updating the system much simpler as it could all be done on the server.
Imports lookups file provided by Bangladesh Bank. The tool introduces an option to update the schema automatically with the lookup codes defined by the FIU in the “Lookup Master” screen. By default the following XML reference data are uploaded to the system:
- Submission type
- Funds type
- Account type
- Account status type
- Identifier type
- Transaction Type
- Transaction Item Status
- Report Code
- Contact Type
- Communication Type
- Entity Legal Form Type
- Transaction Item Type
- Currencies Type
- Country Codes
- Role type of Signatory
- Entity person role type
- Occupation List
- Division Name
- District Name
- Thana Name
Mapping option is available between the reference values of CBS and scheme file.
CTR defination can be defined in the system. System will only allow transactions as per CTR definition though there is option to upload all transactions provided by CBS.
Can generate effective report that provides missing and errorneus information of account, which helps user to update account information in shortest possible time.
Besides upload, manual entry option is available for accounts and transactions.
CTR report is generated as per the schema rule provided by Bangladesh Bank. If an error is found while creating the CTR report, it is immediately logged and there is an option to download the error log..
XML files are automatically archived during report generation and option is available to dowloaded for reuse.
The system has an extensive user module. Besides create/edit/delete users there will be option to set user privilege.
Clients
