Dubai office: +971 4393 8252
London office: +44 203 601 5656
Who is required to get registered with the goAML portal?
- Dealers in Precious Metals and Stones
- Real Estate Agent and Brokers
- Auditing and Accounting Firm
- Lawyers, Notaries, and other Legal Professionals
- Trust and Company Service providers
goAML reporting obligations
If you have not yet accessed the goAML portal, let’s explore it together.
The goAML is a software application used by the UAE’s Financial Intelligence Unit (FIU) to curb money laundering and terrorist financing. It is one of the UNODC’s strategic responses to money laundering and terrorist financing.
The goAML portal takes care of data collection, management, analytical, document management, workflow, and statistical needs of the UAE’s Financial Intelligence Unit. The goAML portal is used by the UAE’s FIU to gather information and data about suspicious transactions involving money laundering and terrorism financing.
The primary purpose of the goAML system is to collect the data, manage and analyse the same and meet the document management and statistical needs of the UAE FIU.
The designated entities in the UAE access the goAML portal with their unique registered credentials to file various reports with the UAE FIU.
Why is the goAML registration required?
As per the Federal Decree Law No. (20) of 2018 and the Cabinet Decision No. (10) of 2019, it is mandatory to have adequate processes and systems in place to enable designated entities to report suspicious transactions related to money laundering and terrorism financing.
Without registration on the goAML portal, designated entities cannot file any reports with the UAE FIU. With the goAML portal, the designated entities can help the regulatory authorities identify financial crimes and related suspicious activities.
Without registering yourself with the goAML portal, you would not be complying with AML reporting requirements, and such non-compliance would trigger penalties by the UAE FIU.
Have you completed your goAML registration application?
Why choose JAS ACCOUNTANTS LLC
We are UK Qualified, British Accountants providing AML services in the UK & UAE for the last 11 years. We provide reliable AML compliance services that allow you to focus on day-to-day management of your business.
At JAS ACCOUNTANTS LLC, we understand how the need to take care of regulatory requirements can often become an unwelcome distraction for clients. The solution is to appoint reliable service providers to take care of those needs. Our team of experienced AML professionals that can be appointed to the AML Compliance Officer role, in order to provide the necessary oversight and reporting, allowing you to focus on day-to-day fund management.
Document required for goAML Registration.
- Authorization Letter
- Copy of Passport
- Resident Visa & Emirates ID
- Copy of Trade License
What is the deadline for the FIU goAML registration in UAE?
For existing companies, the last date for registration with the FIU goAML portal was 30th April 2021. The FIU goAML registration for the new companies is open and must be completed within a reasonable time.
What are the fines if a designated entity does not complete its goAML registration?
If a designated entity does not register with the FIU goAML portal, it would be subject to fines ranging from AED 50,000 to AED 1 million.
Affiliations & Accreditations
- Emirates Association for Accountants and Auditors (EAAA) UAE
- Association of Chartered Certified Accountants (ACCA) UK
- Institute of Financial Accountants (IFA) UK
Our Offices
Dubai Office
Office 17, 18th floor, One by Omniyat
Business Bay
Dubai, UAE
Telephone: +971 4393 8252
Mobile: ++971 5499 46822
