goAML: Anti Money Laundering Registration UAE
We help protect the UAE and global economy from money laundering, terrorism financing, and other financial crimes.
The goAML System Registration
The Ministry of Economy (MoE) announced the launch of 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. Similarly, it encourages targeted groups to write in the design of the Committee on Goods Subject to Import and Export Control (Automatic Reporting System for Sanctions Lists) and to take action in relation to both the provisions of Federal Law No 20 of 2018 on the fight against money laundering crimes and the funding of terrorism and criminal organizations and the legislation and related decision-making rules and regulations.
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. Further Anti-Money Laundering (AML) violators may face administrative fines ranging from AED 50,000 to 1,000,000.
The goAML System Registration
The Ministry of Economy (MoE) announced the launch of 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. Similarly, it encourages targeted groups to write in the design of the Committee on Goods Subject to Import and Export Control (Automatic Reporting System for Sanctions Lists) and to take action in relation to both the provisions of Federal Law No 20 of 2018 on the fight against money laundering crimes and the funding of terrorism and criminal organizations and the legislation and related decision-making rules and regulations.
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. Further Anti-Money Laundering (AML) violators may face administrative fines ranging from AED 50,000 to 1,000,000.
