GOAML Platform Registration
NBFIRA 3/3/4-VIII (6)
To: All Anti-Money Laundering/ Counter Terrorism Financing Compliance Officers
AMLCOs
GOAML PLATFORM REGISTRATION
- The above captioned subject matter bears reference.
- Reference is further made to Section 33 of the Financial Intelligence Act, 2019 (FI Act), which provides that, a specified party or accountable institution shall, within such period as may be prescribed, report a suspicious transaction to the Agency. Further, regulation 19, of the Financial Intelligence Regulations, 2019 (“the Regulations”) states that, a specified party or accountable institution shall report to the Agency a cash transaction concluded with a customer where the amount is equal to or above P10 000 or an equivalent amount in foreign currency. It is further stated at, Regulation 20(1), a suspicious transaction report required to be made under section 33 and 35 of the FI Act shall be made in the Form B set out in the schedule and shall be sent electronically to the Agency by means of an internet based reporting portal provided by the Agency for this purpose.
- Section 44(1)(d) of the FI Act empowers the Authority to regulate and supervise a specified party for compliance with the FI Act.
- It is on the above premises that the Authority hereby, directs all NBFIs who have not yet registered, to register on the suspicious transactions internet based reporting portal “GOAML” platform wherein a virtual training shall be arranged shortly thereafter upon receipt of proof of registration.
- NBFIs are requested to have registered for the GOAML system by October 29th, 2020, and share confirmation of registration with the NBFIRA immediately to enable the Authority to add them to a virtual training group.
- Should you encounter any registration challenges, kindly contact: Mr. Gabatshwarene at ogabatshwarane@gov.bw / 3998424, as well as inform the Authority at amlcft@nbfira.org.bw
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Sriram Gade (Mr)
Deputy CEO- Regulatory
