According to the Ministry of Economy, the last date to register in the goAML system was April 30, 2021. However, registrations are still being accepted by the MoE.
Speak to our experts today and we shall help you get you registered on Go AML and also design and implement an Anti Money Laundering System for your business
Launched by the UAE’s Ministry of Economy is an awareness and monitoring campaign to enable registered Designated Non-Financial Business and Professions (DNFBPs) in the UAE to register with the Financial Intelligent Unit (goAML) system. It also encourages targeted groups to register in the system of the Committee on Goods Subject to Import and Export Control (Automatic Reporting System for Sanctions Lists) and to take action in accordance with both the provisions of Federal Law No 20 of 2018 on the fight against money laundering, terrorist financing, and the sponsorship of criminal organizations, as well as the legislation and related decision-making rules and regulations.
To submit suspicious transaction reports (STRs) to the goAML system, you must first register.
One must register before they can submit suspicious transaction reports (STRs) to the goAML system. The goAML is an internationally recognized electronic system for collecting and analyzing financial and non-financial data in order to prevent money laundering and combat the financing of terrorism
Anti-Money Laundering (AML) violators may face administrative fines ranging from AED 50,000 to AED 1,000,000.
Anti-Money Laundering (AML) violators may face administrative fines ranging from AED 50,000 to AED 1,000,000.