Money laundering and suspicious transactions can quietly put your business at serious risk.
The good news? There's a clear solution—goAML Registration. This government process helps protect your business and ensures full compliance with UAE anti-money laundering (AML) laws.
The UAE was the first Gulf country to implement the goAML system, showing its strong commitment to financial transparency and global AML standards. For any business operating in the financial sector or within DNFBPs—such as real estate firms, gold traders, or auditors—goAML Registration is mandatory.
goAML is an advanced reporting platform developed by the United Nations Office on Drugs and Crime (UNODC). The UAE Financial Intelligence Unit (FIU) has addressed this issue to prevent money laundering and the financing of terrorism
GoAML Registration is the process of enrolling your business on a secure platform used for reporting any unusual financial-related activity, such as hiding illegal funds or funding terrorism. It enables companies to share customer information, generate reports, and support investigations. Failure to register can result in heavy fines, legal action, or even suspension of your business license in the UAE.
Registering on goAML ensures your business remains compliant with UAE law, reduces legal risks, and contributes to the global fight against financial crime. Real estate agents, metal traders, service providers, accountants, and legal consultants must register with goAML to meet AML compliance.
Anti-money laundering (AML) is a UAE rule and system designed to prevent criminals from hiding money generated through illegal activities, such as drug trafficking, fraud, or corruption. What is anti money laundering in simple terms? It means stopping illegal money from being made to look legal and used in the system. AML offers benefits, especially for banks and financial institutions
There is list of benefits :
Faster Detection : AML systems utilize advanced technology to quickly identify suspicious transactions, thereby helping to prevent crime and ensure legal compliance.
Live Monitoring : Transactions are monitored in real-time, allowing banks to take actions when something unusual activity happens.
Better Risk Control : Risks are identified early, allowing banks to take action before minor issues escalate into significant problems.
Easier Rule-Following : AML tools keep banks up to date with the latest laws, making it easier for them to demonstrate to regulators that they are adhering to the rules.
Stronger Trust : Staying compliant protects the bank's reputation, prevents fines, and builds customer confidence.
To complete your Anti Money Laundering registration through the goAML portal, you will need the following documents :
An authorization letter from your company
Passport, visa, and Emirates ID copies
Valid company trade license copy
Install the Google Authenticator mobile app
Dhanguard will help you in the documentation process, ensuring all required papers are complete, correct, and submitted on time for a smooth registration.
Under UAE law, the following entities need to complete Anti Money Laundering registration through the goAML system.
UAE's all financial institutions are required to complete goAML Registration. They deal with large amounts of money, and authorities closely monitor them to prevent money laundering and terrorist financing.
Here are some of the financial institutions that must register with goAML :
Banks : Banks handle large transactions and are required to report suspicious financial activity.
Money Exchange Centers : They convert currency and must check for illegal money movement.
Insurance Companies : Must verify customers and monitor big policy-related money flows.
Finance and Loan Companies : Verify loan payments to prevent the use of illegal money sources.
Investment Firms & Brokers : Must confirm investor identity and monitor unusual trading activities.
Businesses involved in financial transactions are legally required to register on goAML. Their roles involve financial dealings that could be misused for money laundering activities.
Here are some of the DNFBPs that must register with GoAML :
Real Estate Agents : Handle large transactions; must verify buyer identity and source of funds.
Dealers in Precious Metals and Stones : Trade valuables; report suspicious cash transactions and verify customer identities.
Accountants and Auditors : Manage finances; report unclear incomes and suspicious financial account activities.
Legal Consultants and Law Firms : Advice on finances; must report shady or illegal client behavior.
Corporate Service Providers : Form companies and verify clients to prevent the misuse of business structures.
To complete your goAML registration, follow these steps :
Start by registering on the SACM system through the Ministry of Economy website. This step is necessary before accessing the goAML portal.
Go to the goAML portal and sign up by creating a username and password.
Download the Google Authenticator app and link it to your account for added security with two-factor authentication.
Fill in the required details and upload the necessary documents. The registration process is free of charge.
Let Dhanguard support you. Our expert team will guide you through the entire goAML registration process and help ensure full AML compliance.
goAML Registration is very important for businesses in the UAE, especially those handling money or financial transactions. It helps you follow the law, avoid legal trouble, and protect your business from risks like money laundering or fraud.
With goAML, you can report suspicious activities easily and stay updated with the latest AML rules. It builds trust with your customers and keeps your business safe.
If you're unsure about the process, Business experts like Dhanguard can help you complete the registration without any hassle.
Staying AML compliant is not just a legal need—it’s a smart way to protect your business and support the UAE’s fight against financial crime.
For more AML compliance details Connect with Dhanguard
