AML compliance software for Ghana's reporting institutions.
Sanctions and PEP screening, transaction monitoring, customer risk rating, case management and reporting to the Financial Intelligence Centre through goAML, in one analyst workspace for accountable institutions under Ghana's Anti-Money Laundering Act, 2020 (Act 1044).
Built for Act 1044 and the Financial Intelligence Centre.
Ghana's Anti-Money Laundering Act, 2020 (Act 1044), the Anti-Money Laundering Regulations, 2011 (L.I. 1987) and the directives of the FIC and the supervisory bodies set out what an accountable institution has to do. Each duty maps to a module, so the evidence sits where an examiner will look for it.
Identify customers and rate their risk
Six-factor customer risk rating across country, industry, product, channel, behaviour and PEP/sanctions exposure, with four-eyes overrides, plus a beneficial-owner graph for legal-entity customers.
Apply enhanced due diligence to PEPs and higher-risk customers
An EDD workflow inside case management, with periodic reviews scheduled automatically by risk band so a high-risk file does not go stale.
Screen customers against sanctions lists and PEP data
Multi-script, locale-aware matching against lists synced from providers such as Dow Jones and World-Check, plus manual upload for lists you maintain yourself, with versioned lists and freshness dashboards.
Monitor transactions for suspicious activity
A rule engine running in batch and streaming, with typology-aligned starter rules, back-testing and versioned promotion, fed by REST, SFTP, Kafka, CDC or ISO 20022 connectors.
Report suspicious and cash transactions to the FIC
A draft, review, approve and submit lifecycle with acknowledgement handling. The goAML XML is generated and validated by the Creodata goAML Reporting Platform, with a manual download if the portal is down.
Keep records and show supervisors the evidence
An append-only audit log behind every decision, evidence packs for inspections, a read-only regulator portal, and an obligation registry that turns new guidance and amendments into tracked tasks.
This maps software capability to obligations; it is not legal advice. For registration and filing mechanics, see the Ghana FIC goAML reporting guide.
For Ghana's reporting institutions, whichever regulator supervises them.
The supervisory bodies named in Act 1044 enforce it for the accountable institutions they supervise, and the FIC supervises accountable institutions that have no direct supervisory body (section 52).
Supervised by the Bank of Ghana, which has required the Ghana Card as the only identification for transactions at the institutions it licenses since 1 July 2022.
Licensed and regulated by the Bank of Ghana. Act 1044 also covers remittance and currency-exchange businesses.
The National Insurance Commission and the Securities and Exchange Commission are supervisory bodies under Act 1044.
Operators of games of chance, real estate companies and agents, dealers in precious metals and stones and in motor vehicles, lawyers, notaries, accountants, auctioneers and trust and company service providers are accountable institutions under the First Schedule.
Frequently asked questions.
Does the software report to the FIC?
Yes, through goAML. Suspicious and threshold transaction reports move through a draft, review, approve and submit lifecycle in the AML software, with retry, reconciliation and acknowledgement handling. The Creodata goAML Reporting Platform then generates and validates the goAML file for the FIC's portal, and a manual download is available if the portal is down.
How quickly must a Ghanaian accountable institution file a suspicious transaction report?
Within twenty-four hours after the knowledge or the ground for suspicion, under section 38 of the Anti-Money Laundering Act, 2020 (Act 1044). There is no minimum amount, and the duty covers attempted transactions. An institution must also not proceed with a transaction it knows or reasonably suspects to be linked to money laundering until the FIC directs otherwise (section 45).
What are Ghana's cash transaction reporting thresholds?
The FIC sets a threshold for each sector in consultation with the supervisory bodies, and cash transactions above it are reported within twenty-four hours, including transactions that appear to be linked (section 40 of Act 1044). For the banking and securities sectors, the FIC gives GH¢50,000. Commercial banks also report inward and outward electronic transfers above US$1,000 as Electronic Currency Transaction Reports.
Can we run the software on-premises in Ghana?
Yes. The on-premises edition runs on your own Kubernetes cluster with Postgres 16, RabbitMQ, MinIO, OpenSearch and Keycloak, and has the same features as the Microsoft Azure edition, so an institution that must keep data in its own data centre is not running a lesser product.
How much does AML software cost in Ghana?
There is no public price list. Each capability is licensed separately and grouped into Starter, Growth and Enterprise tiers, so a quote depends on the modules you switch on and whether you deploy on Azure or on-premises. A demo is the quickest route to a quote scoped to your institution.
Can a smaller institution start small?
Yes. The Starter tier covers screening, customer risk rating and case basics in the cloud. Growth adds transaction monitoring, STR/CTR reporting and ingestion connectors, which a deposit-taking institution will need for its monitoring and reporting duties. Modules switch on per tenant, so moving up a tier adds capability without starting again.
How long does implementation take?
It depends on how many modules you start with and how your data arrives. Screening and risk rating need customer data; transaction monitoring also needs transaction feeds, which connect over REST, SFTP, Kafka, change data capture or ISO 20022 with replay and a dead-letter queue, so a failed load is visible rather than silent. After scoping, we propose a phased path to your first production go-live.
See the AML software run on a Ghana reporting profile.
Screening, monitoring, cases and FIC reporting on a realistic alert queue, in a live demo.