The goAML platform, developed by the UNODC and implemented by the UAE Financial Intelligence Unit (FIU), is a mandatory online system for Designated Non-Financial Businesses and Professions (DNFBPs) and financial institutions to register and file Suspicious Transaction Reports (STRs) or Suspicious Activity Reports (SARs).
Under Federal Decree Law No. (20) of 2018 and Cabinet Decision No. (10) of 2019, all DNFBPs—such as real estate brokers, dealers in precious metals/stones, auditors, accountants, and company service providers—must:
- ✅ Register on the goAML portal before conducting relevant business activities.
- ✅ Monitor transactions for unusual patterns or red flags.
- ✅ Report suspicious transactions immediately via the portal, without delay.
- ⚠️ Non-compliance can lead to severe penalties from the Ministry of Economy.
The process involves creating an account on the goAML portal, completing entity and user registration, and ensuring your compliance team is trained to detect and report suspicious activities effectively.
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