Introducing Regulatory Reporting

  • 26/03/2025
  • 3 Minuten Lesedauer

Some countries require the use of specific reporting codes for cross-border payments to ensure compliance with financial regulations. For instance, in Germany, any amounts over €12,500 leaving the country must be reported to the Bundesbank. Continia Banking simplifies this process by providing predefined codes and reporting functionality.

To view the regulatory reporting codes:

  • Use the Search icon, search for Regulatory Reporting Codes and select the related link to access predefined codes. These codes are available in the system by default in Continia Banking.

To view a vendor's regulatory reporting codes:

  • Open the vendor or customer card, and on the action bar, select Related > Vendor > Regulatory Reporting Codes. Assign regulatory reporting codes to a vendor card, and they will automatically apply to future purchase documents. The codes will be applied directly to the vendor’s purchase documents.

Manual setups

The following manual setups allow you to customize and configure essential information for regulatory reporting. These setups help ensure that all relevant data is properly aligned with your reporting requirements:

  • Reporting Setup - on this page, you can configure the Reporting Type, Reporting Amount, and Company Number (for German localizations, this number is provided by the Bundesbank). For example, in a German localization, if the Reporting Amount is set to €12,500. Any international payment exceeding this amount generates a reporting entry.
  • Regulatory Reporting - on this page, you can add the Code, Description, and Reporting Group.

Reporting Groups

Continia Banking provides a pre-filled table of regulatory reporting codes and their groups, simplifying setup. Currently, the Group field categorizes transactions into Transit, Service, or Capital, which align with German bookkeeping standards. This feature provides a structured approach to managing and reporting regulatory information related to ledger entries. While Continia Banking currently focuses on Germany, we are working to expand regulatory reporting support to other regions.

For more information on reporting entries and regulatory reports, refer to the Generating a regulatory report article.