What is RapidAML?

RapidAML is a simplified reporting portal developed by NFIU to complement the goAML portal. It replaces the Nil Reports Portal and provides additional reporting features for DNFBPs, BDCs, and NPOs. It also digitises the filing of PEP Reports.

Reporting entities under the following regulatory bodies use it to file:

• CBN regulated entities (excluding BDCs): Nil reports, and PEP reports
• BDCs: Suspicious Transaction Reports (STRs), Currency Transaction Reports (CTRs), Nil Reports and PEP reports
• SEC regulated entities: Nil reports
• NIACOM regulated entities: Nil reports
• SCUML regulated entities (DNFBPs): Suspicious Transaction Reports (STRs)