goAML

The goAML platform is an advanced reporting tool mandated by the UAE to enhance the fight against money laundering and financial crime. Governed by the UAE's Anti-Money Laundering (AML) laws, goAML requires all financial institutions, designated non-financial businesses and professions (DNFBPs), and other entities vulnerable to financial crime to register and report suspicious financial activities. The law applies to entities like banks, real estate brokers, gold and precious metal dealers, auditors, and legal consultants, who must identify and report potential money laundering or financing of terrorism activities. By centralizing these reports, goAML enables the UAE government to monitor financial transactions more effectively, bolstering the country’s commitment to international AML standards and protecting its financial integrity.