This type of registration is designed for corporates operating in the UAE, including companies, partnerships, and other business entities engaged in regulated activities.
Individuals, such as compliance officers, designated money laundering reporting officers (MLROs), and key personnel responsible for AML compliance, may also register with GoAML to fulfill their reporting obligations.
By registering with GoAML, corporates demonstrate their commitment to complying with AML regulations and contribute to the collective effort to combat financial crime and illicit activities.
The GoAML platform enables corporates to submit suspicious transaction reports (STRs) and other relevant information to regulatory authorities, allowing for the timely identification and mitigation of potential risks
Registration with GoAML ensures corporates align with the regulatory requirements set forth by the UAE Central Bank, Financial Intelligence Unit (FIU), and other relevant authorities overseeing AML efforts.
Maintaining a strong AML compliance framework and actively participating in reporting obligations through GoAML helps corporates safeguard their reputation and integrity in the eyes of stakeholders, clients, and regulators.
Legal name, business address, trade license details, and registration documents demonstrating the entity's legal status.
Copies of valid identification documents for authorized signatories, directors, and individuals responsible for AML compliance.
Documentation outlining the corporate entity's AML policies, procedures, risk assessment framework, and customer due diligence (CDD) protocols.
Information about the designated MLRO or compliance officer responsible for overseeing AML compliance efforts within the corporate entity.
Corporates should gather the necessary documentation and ensure compliance with AML regulations and guidelines issued by regulatory authorities in the UAE.
Corporates can initiate the registration process by accessing the GoAML portal through the official website of the UAE FIU or designated regulatory authority
Upon accessing the GoAML portal, corporates must complete the online registration form, providing accurate and up-to-date information as required.
Regulatory authorities will review the registration application and supporting documentation submitted by the corporate entity to verify compliance with AML regulations and standards.
Upon successful verification and approval, corporates will receive confirmation of their GoAML registration, along with login credentials to access the reporting platform and submit STRs and other relevant reports.
GoAML registration is a vital component of AML compliance for UAE corporations, enabling them to fulfil their reporting obligations, mitigate risks, and demonstrate their commitment to transparency and integrity. By understanding the types, benefits, eligibility criteria, required documents, and registration procedures outlined in this guide, corporates can take proactive steps to navigate compliance requirements and contribute to the collective effort to combat financial crime and illicit activities. Don’t wait until it’s too late – prioritize GoAML registration today and safeguard your corporate interests in the UAE’s regulatory landscape.
