Regulatory report is a collection of relevant regulatory compliance data pertaining to your organization. These reports are designed to assist you in identifying, monitoring, and measuring customer account activities and risks in order to ensure compliance with regulatory guidelines and industry standards.
You can filter the regulatory information by start and end date to enable you to access data within your desired timeframe.
On the regulatory report page, you can generate reports based on the following categories of regulatory information. This information includes:
- Anti-Money Laundering (AML) report
The AML report consists of account transactions that have exceeded the regulatory guidelines set by the Central Bank of Nigeria (CBN) to prevent money laundering activities. Any customer transaction that surpasses these limits is included in the AML reports. It is important to note that although the transaction is successfully processed in the core banking system, it is flagged and reported in the AML reports for further investigation and compliance purposes.
- Nigerian Financial Intelligence Unit (NFIU) report
Nigerian Financial Intelligence Unit (NFIU) report contains data on financial transactions and activities such as large cash transactions, transfers, and other financial activities that are relevant for anti-money laundering and counter-terrorism financing efforts.
- Credit risk certification (CRC) report
The report for Credit Risk Certification (CRC) evaluates the credit risk of your organization by presenting an overview of loan accounts with potential risk implications.
- Central Bank of Nigeria (CBN) report
The Central Bank of Nigeria (CBN) report provides an overview of your organization's compliance with the guidelines and regulations set by the Central Bank of Nigeria. This report includes key financial and operational information that is required by the CBN to ensure the stability and integrity of the Nigerian financial system.
- Central Bank of Gambia (CBG) weekly and monthly report
The Central Bank of Gambia (CBG) report provides an overview of your organization's compliance with the guidelines and regulations set by the Central Bank of Gambia. This report can be generated monthly or weekly with key financial and operational information that is required by the CBG.
Quarterly Dormant Accounts Report (QDAR)
The QDAR generates a comprehensive list of dormant savings accounts within an organization's tenant. Dormant accounts are accounts that have remained inactive, without any recorded transactions, for a period exceeding 365 days. This information enables organizations to monitor and manage dormant accounts and ensure compliance with regulatory requirements.
Choose the category for which you want to receive reports.
Regulatory reports are also filtered by other information, such as the office you wish to receive them from and the date the report is to end.
Woodcore only supports .xlsx
Click on the “Run Report” button to generate the report. As soon as your report is generated, you will receive a pop-up notification.
Note that you are required to download your report within five minutes. As the report expires after five minutes.
Updated about 2 months ago