As part of our Transaction Monitoring solution, we offer a functionality that allows you to automate regulatory reports creation based on the existing cases.

Regulatory reporting is currently free of charge for all Sumsub clients.

How it works

The reports can be generated manually or automatically as XML files with all the fields auto-populated based on the cases combining one or several transactions.

The scheme below explains the case processing flow:

Available jurisdictions

Currently, you can generate goAML format reports for 39 countries worldwide. Soon, the list will be expanded to include new locations and formats:

Available report types

Available report types depend on transaction counterparties and include the following:

• My client to my client
• My client to not my client
• Not my client to my client

Get started with reporting

To generate the report:

1. In the Dashboard, open the Reports page.
2. Click Add report and select the jurisdiction and report type.
3. Obtain the information about the entity, reporting person, and branch address from your client, and fill in the rest of the fields. You must do it only once per regulation, as all the information will be saved for further reports.
4. Navigate to the Cases page, select a case, and click Generate Report at the upright corner of the screen. If you do not have any cases, you can create one by applying rules or selecting transactions manually, as described in this article.
5. Ensure the jurisdiction, the type of the report, and the submission date are correct, and click Generate report again. You can indicate multiple jurisdictions if you operate with different report types. The resulting file will be automatically downloaded to your computer.
6. Deliver reports to the regulator by uploading them via the regulatory portal. All reports related to the case are saved and available in the Generated Reports section of the case. They are structured in accordance with FIU’s requirements.

Streamline your reporting

You can use Sumsub reporting options for the following purposes:

• Create custom queues for multi-approval.
• Ensure monitoring efficiency by analyzing reports by type, country, false-positive ration, and so on.