Thomas BedarAs Swiss authorities prepare for the transition to goAML version 5 transition, financial institutions must take proactive steps to adapt to the new regulatory requirements. The Money Laundering Reporting Office Switzerland (MROS) mandates that all reports adhere to the latest schema and standards by January 1st, 2025. Failure to comply could result in delays or rejected submissions, posing significant operational risks.
How SpeciTec Supports Your Transition to goAML Version 5 Compliance
At SpeciTec, we specialize in streamlining regulatory reporting through automation. Our solution, SpeciSAR, is designed to ensure compliance with the latest goAML version 5 requirements, enabling financial institutions to meet MROS reporting standards with ease.
Key Features of SpeciSAR:
- Automated Compliance with Schema 5 – Ensures accurate and timely report submissions, reducing manual errors.
- Seamless IT Integration – Allows businesses to operate both current and new XSD schemas during the transition.
- Real-time Updates – Automatically aligns with the latest regulatory changes, eliminating compliance risks.
By leveraging SpeciSAR, financial institutions can enhance efficiency, mitigate risks, and maintain regulatory compliance without disrupting daily operations.
Why Preparing for goAML Version 5 is Critical
With the goAML test environment already updated to version 5, early adoption is crucial. Organizations that transition ahead of time will gain a competitive advantage by avoiding last-minute compliance challenges.
For official MROS documentation and guidelines, visit the Federal Office of Police Switzerland.
How to Get Started?
Don’t wait until the deadline approaches. Ensure your goAML version 5 compliance today with SpeciSAR. Contact our team for a demo or learn more about our solutions here.
Internal Resources:
