click here for copy of the presentation goAML by alicejenny

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									    Anti Money Laundering,
    Data Collection and Reporting

•    Information Technology Service External Systems Unit

•    Global Programme against Money Laundering
                Money Laundering/Terrorist Financing –
                The World’s Response

•   Establish a global environment hostile to money laundering
    and terrorist financing

•   Implement international standards including the
    FATF 40+9 recommendations

•   Establish Financial Intelligence Units around the world

•   Establish protocols and platforms for sharing
    intelligence and evidence

•   Secure technical assistance for countries
    to implement international standards

•   Uniform and standard AML platform - desirable
            Anti-Money Laundering Process

Three essential components of an AML/CFT regime:

    • A functional compliance culture

    • Functional regulatory bodies –
      central Bank, SEC, Insurance Regulator etc

    • An effective financial intelligence unit tasked with:




    • The above processes ideally should be automated
      particularly if they involve high data volumes
From Start to Finish
             Brief History – ITS

•   2005 – UNODC appointed project manager for EC project in Nigeria

•   Significant component –
    provision of IT solutions to EFCC including NFIU

•   March 2006 UNODC ITS tasked with developing IT solutions

•   April 2006 –
    ITS commences developing database and analytical tools for NFIU

•   June 2006 –
    XML Schema introduced to Nigerian reporting institutions

•   October 2006 – CTR database and basic analytical
    functions installed in NFIU and tested
             Brief History – GPML



•   Frequent requests from developing FIUs for IT solutions

•   Early involvement in Nigeria project including in advisory role
    to IT component

•   Potential for goAML beyond the Nigeria project recognized

•   Simultaneous – work commences on widening the scope of the
    system beyond Nigeria
              Current – Future

February 07
  •   Data collection tools completed
  •   Analytical functionality available
  •   Drawing tools phase 1 nearing completion
  •   Rules engine under construction
  •   Profiling tool under construction
July 07
  •   STR system completed
  •   Profiling tool completed
  •   Intelligence file management completed
  •   Workflow system completed
  •   Drawing tools phase 1 completed
            Current – Future
September 2007

  • Phase 1 goCASE complete

June 2008

  • Drawing tools completed
  • Rule engine and editor completed
  • Full user documentation in multiple languages
    (English, French, Spanish, Russian)
  • goAML (complete suite) VERSION 1.0 READY!


July 2008

  • Phase 2 goCASE complete
                goAML – global Operations
                Anti-Money Laundering

•   Designed as a modular system to fit the needs of any FIU
    irrespective of size

•   from a single computer with a few thousand processes - up to 500
    million processes over 5 year period irrespective of file size

•   Processes and analyzes reports on:
     - Suspicious transactions
     - Financial transactions – of any type
     - List or alert based reports – CFT etc

•   Fully electronic data collection and dissemination from any source
    such tax, law enforcement records, immigration service
    (passenger movement records), property registrar, vehicle
    registrar etc….
                                               Data
                                             Collection
                             Intelligence                 Data Clean
                             report writer                    up




                                                                         Ad-hoc
              Charting and
                                                                       queries and
              diagramming
                                                                        matching




Integration                                                                            Statistical
and/or data                                                                            reports on
acquisition                                                                              reports
from other                                                                           received and
  sources                                                                             processed




Intelligence                                                                          Structured
     file                                                                              analysis
management                                                                            (strategic
   system                                                                            and tactical)




               Document
              Management
                                                                        Profiling
                (full text
                search)




                                 Task
                                                          Rule based
                              Assignment
                                                           analysis
                             and Tracking
                                             Workflow
                                             System
                           goAML – global Operations
Solution Building Blocks   Anti-Money Laundering
Anti-Money Laundering
                 goAML – Collecting and
                 Managing Information


Reporting standard defined:
  • XML based (world standard format)
  • Samples available for FI IT Personnel
  • Exhaustive documentation available


Validation application:
  •   Checks for valid XML
  •   All required fields are present
  •   Data types are correct
  •   Ensures reporting entities report
      in the correct format from day 1
                   goAML – Gathering and
                   Managing Information

Secure website (SSL 512 bit encryption) for:
• Creating reporting entities
    - by the FIU

• Creating contacts

• Changing contact details
    - by the reporting entity

• Report upload

• Report data entry
    - manually if necessary

• Report verification
    - clean up by system
                        goAML – Gathering and
                        Managing Information
•   Report History
       - what reported
       - accepted/rejected ref number

•   View uploaded report
       - Individually

•   Submission status
       - accepted/rejected

•   Common content for any
    reporting entity
       - flexible
       - secure information from FIU
       - compliance circulars
       - alerts
       - name lists
             goAML – High Volume Analysis



•   Support analytical and investigation teams with highly
    sophisticated reporting capabilities.

•   Visualize large volumes of data to help understand the big picture.

•   Monitor potentially suspicious accounts.

•   Reveal patterns and hidden connections.

•   Create analytical charts manually or automatically.
                goAML – Collecting, Managing
                and Analyzing Information

Workflow for STR analysis
• Tasks and the process diagram
  are defined by the FIU users
   - can change to suit their own needs
   - full visual designer

• Task assignment and tracking
   - within FIU
   - push or pull reports by e-mail

• Integrated reporting
   - workflow reports
   - assignments
   - progress
   - results
               goAML – Collecting, Managing
               and Analyzing Information

• Integrated source tracking
   - tracks externally sourced information
   - creates bring-ups, reminders etc

• Automatic resource scheduling
   - automatically assigns tasks
   - monitors workloads
   - measures outputs/performance

• Case feedback integration
   - Produces standardized feedback
   - reports as word documents
                       goAML – Collecting, Managing
                       and Analyzing Information

•   Customizable data gathering templates
    - standardized format for receipt of information
      from outside agencies that decides
      transmission medium (email/fax/post)


•   Time in flight analysis
    - Time management measure
                goAML – Analysis and
                Targeting Solution

•   Common user interface across
    analysis screens
     - screens look and feel the same
     - supports multiple languages


•   Workspace based (keep
    information through different
    reporting sessions)
     - two work spaces available at any
        one time
     - previous work automatically saved
     - supports text, tables, merged
        tables, pictures
                goAML – Analysis and
                Targeting Solution

•   Analyst can retrieve, filter and
    re-arrange the data accordingly to
    his/her needs.

     - Rearrange data fields
     - Change grouping
     - Filter data
     - Change data sorting
     - Save layout
     - Export
                goAML – Analysis and
                Targeting Solution

•   Linking to other screens from current
    screen

•   Allows easy comparison of different
    accounts, persons or entities

•   Each window acts independent of others

•   Copy fields or rows

•   Makes analysis easy

•   Very easy to learn

•   All these components have restricted
    access
                goAML – Analysis Trails Link charts
                association charts – transaction flow charts etc


•   Money and person trails for inbound
    and outbound transactions


•   Trail for duplicated addresses,
    phone numbers and other
    identification data


•   Displays:
     - source and destination
       displayed as nodes
     - direction and amount
       displayed as arrows
              goAML – Analysis - Pivots

•   Reports offer many different views
    of data under analysis
•   Allows for dynamic user filtering
    and grouping of related data
•   Allows for searching for TOP
    targets - 5/10/50 etc
•   Flexible data search capability
•   Simple integration with Excel
     - excellent for net worth analysis
     - ease of attachment to intel reports
     - arrives live so can be manipulated
       by receiver
             goAML – Analysis - Intersect

•   Combines data from two different reports
     - User chooses the two reports populated with data and the columns to
        intersect


     Result is displayed in a completely
     new window with the intersected data
              goAML – Information Dissemination

•   Suspicious activity detected

•   Open a new case –
    analysis output attached

•   goCASE picks this up

•   Export case to MS-WinWord
     - Case file remains with FIU
     - Output in the form of Intel report
     - Sanitised to the level required by the user
                 goAML - User and role
                 based functions



•   Management: Is able to check the submissions and the status of
    reporting entities.
    - performance measure/compliance
•   Analyst: Responsible of conducting the analysis, finding
    suspicious activities and linking to similar-patterned cases where
    they exist
    - analysis
•   Administrator: Allowed to add new user, give/revoke access to
    screens and different actions.

       Access to certain actions is dependant on the user’s role!
                goAML - Security

•   Username and password
    required to access applications.

•   Access can be granted and revoked per:
     - User
     - Screen
     - Certain actions like copy, export etc.


•   Access to screens and data is logged.

•   Data partially encrypted in the database.
    - Encryption level and extent at the discretion of the user
              goAML - Security

•   Access to the system generally or to any part of it at the discretion
    of the user – the user must “open the gate”

•   UNODC does not hold private key – cannot decipher encrypted data

•   Rule engine secure

•   Database and system tools installed on the user’s premises,
    UNODC has no independent access
              goAML – System Requirements
• Assumes average data load – 500,000 reports per month
• Assumes 15 users
• Assumes reasonable level of existing infrastructure including
  security
     - Mail servers
     - Local area network
     - DMZ with 2 firewalls
     - Anti-spam and anti-virus policy
•   Provide fully redundant environment
     - 2 DB Servers
     - 2 Application servers
     - Storage area network (SAN)
     - Backup robot servers
     - Public key infrastructure certificates (PKI)
     - 15 high end personal computers (PCs)           Approx: $220,000
               goAML – Estimated Costs

•   goAML software package is free of charge


•   Installation – initial training                  US$ 80,000
    (depending on location – 3 visits x 2 persons)

•   Annual user license agreement                    US$ 100,000
     - This fee will decrease as more
       users take up the system
     - Provides support within working
       hours in local time zones
     - Provides ongoing system development
     - Guarantees one on-site visit per year         ____________
                                                     US$ 180,000
                 Breakdown of Costs
                 (Basic installation)
•   Installation – US$80,000

     – Establishment of standard reporting scheme for reporting
       institutions
     – Training of reporting institution compliance and IT staff;
     – Customisation of report formats and forms
     – Customisation of goAML interfaces to individual user requirements
     – Migration of existing data to goAML database
     – Installation of goAML and completion of data migration
     – Implementation of reporting system
     – Training of FIU management, analysts and IT personnel
     – Follow up and troubleshooting

        Time frame 3 – 6 months depending on existing infrastructure and
                          current operating environment.
                   Breakdown of Costs
                   (Basic installation)
     Maintenance, support and development fee – US$100,000 per annum

•   Time zone specific, business hour support by e-mail, phone or fax –
    provided by regional support centers

•   Outside business hours support provided from other time zones where
    language permits

•   Ongoing, needs based, customization and development.

•   At least one site visit per annum timed to the requirements of the user

•   Continuous minor upgrade and patch service

•   Periodical major upgrades – new releases

•   Regular regional user group meetings and online forums

•   Access, where necessary, to the full resources of the ITS Service of
    UNODC
          Breakdown of Costs
          (Standard installation)
Initial Deployment/Installation – US$600,000, maintenance and
development fee – US$300,000 pa. (Assumes maximum 15
users)
• Includes all services of Basic Installation plus:
• Site assessment
• Skills assessment
• Design and supervise build of physical infrastructure
• Design and plan full system architecture
• Purchase, delivery and installation of all server and storage
  equipment
• Purchase software licenses
          Breakdown of Costs
          (Premium installation)
Initial Deployment/Installation – US$3,200,000, maintenance and
development fee – US$1,200,000 pa. (Assumes maximum 100
users)
• Includes all services of Standard Installation plus:
• Purchase, delivery and installation of all equipment (full IT
  infrastructure and telecommunications)
• A support team on-site backed up by a development team offsite
• Purchase software licenses
• Management of maintenance contracts with suppliers
• Management of the buildup of the local IT unit with gradual hand over
• Full hardware and software upgrades and replacements (3 year cycle)
• Project duration (3-5 years)
Impossible is not a fact,
   only an opinion




      Thank you!

								
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