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.