What is goAML?
The goAML (go Anti-Money Laundering) system is a comprehensive anti-money laundering (AML) software solution. The UAE mandates that all financial institutions and designated non-financial businesses and professions (DNFBPs) register with the goAML system. To ensure compliance with local and international AML regulations.
By adhering to AML and Counter-Terrorism Financing (CTF) guidelines, businesses can protect themselves. Especially against illicit activities. And contribute to a safer economic environment. Failure to comply can result in severe penalties which includes fines and legal repercussions.
Who Needs to Register?
All entities operating within the UAE that fall under the scope of AML and CTF regulations:
Financial Institutions:
- Banks
- Insurance companies
- Exchange houses, and more.
Designated Non-Financial Businesses and Professions (DNFBPs):
- Real estate brokers
- Auditors
- Dealers in precious metals and stones
- And other relevant businesses.
How RFZ Accounting Can Help
Navigating the complexities of AML compliance can be challenging. At RFZ Accounting, we offer comprehensive support to ensure your business meets all regulatory requirements. Our team of experts can assist you in the registration process, provide necessary training, and offer ongoing support to ensure you stay compliant.
Contact us today to learn more about how we can help you with your goAML registration and compliance needs.
