• OUR SERVICES
    • BUSINESS CONSULTING
    • DIGITAL MEDIA SOLUTIONS
    • PROPERTY CONSULTING
  • POPULAR FREE ZONES
    • Sharjah Airport International
    • Ajman Free Zone (AFZ)
    • Dubai Media City (DMC)
    • Dubai Multi Commodities Centre
  • BLOG
  • ABOUT US
  • CONTACT US
eagle eye logo
  • +971-50-587-2093
  • WhatsApp
  • Refer & Earn
  • OUR SERVICES

      Business Consultancy

      Our holistic business solutions by industry experts will prove to be your catalyst for success.

      Learn More

      Property Consultancy

      We’ll help cultivate your
      business in the best corporate soil
      for your success.

      Learn More

      Digital Media Solutions

      Navigate through the digital world with our solutions to make your media presence effective and futuristic.

      Learn More

    • BUSINESS CONSULTING
    • DIGITAL MEDIA SOLUTIONS
    • PROPERTY CONSULTING
  • POPULAR FREE ZONES

      SAIF Zone

      SAIF Zone strives to be a business hub which encompasses the core values of convenience, community and connection.

      Ajman Free Zone

      Ajman Free Zone has been dedicated to creating an ecosystem which is dedicated to the improvement of industry, finance and trade.

      Jabel Ali Free Zone

      A wealth of resources awaits you at the unique and diverse ecosystem built within the Jebel Ali Free Zone

      More Free Zone Locations

      More Info
    • Sharjah Airport International
    • Ajman Free Zone (AFZ)
    • Dubai Media City (DMC)
    • Dubai Multi Commodities Centre
  • BLOG
  • ABOUT US
  • CONTACT US
Setup Your Business
eagle eye logo
  • OUR SERVICES

      Business Consultancy

      Our holistic business solutions by industry experts will prove to be your catalyst for success.

      Learn More

      Property Consultancy

      We’ll help cultivate your
      business in the best corporate soil
      for your success.

      Learn More

      Digital Media Solutions

      Navigate through the digital world with our solutions to make your media presence effective and futuristic.

      Learn More

    • BUSINESS CONSULTING
    • DIGITAL MEDIA SOLUTIONS
    • PROPERTY CONSULTING
  • POPULAR FREE ZONES

      SAIF Zone

      SAIF Zone strives to be a business hub which encompasses the core values of convenience, community and connection.

      Ajman Free Zone

      Ajman Free Zone has been dedicated to creating an ecosystem which is dedicated to the improvement of industry, finance and trade.

      Jabel Ali Free Zone

      A wealth of resources awaits you at the unique and diverse ecosystem built within the Jebel Ali Free Zone

      More Free Zone Locations

      More Info
    • Sharjah Airport International
    • Ajman Free Zone (AFZ)
    • Dubai Media City (DMC)
    • Dubai Multi Commodities Centre
  • BLOG
  • ABOUT US
  • CONTACT US
Setup Your Business
News

GOAML Registration

By shashinasiri 

As of 27 June 2019, all reporting entities in the United Arab Emirates are required to submit various types of informational reports, such as suspicious transaction reports (STRs), to the UAE Financial Intelligence Department using the “goAML” portal. This initiative was developed by the United Nations Office on Drugs and Crime (UNODC).

It is your obligatory duty under the Federal Decree Law 20 of 2018 and Article 20(2) of Cabinet Decision No. (10) of 2019, to have procedures in place to report Suspicious Transactions to manage anti-money laundering (“AML) and counter terrorist financing (“CFT”).

The financial intelligence units of UAE intend to use “goAML” as a means for gathering regulatory reporting information, and for allowing reporting entities and law enforcement authorities to quickly, securely and confidentially analyze and share information that can help identify criminal activity.

The introduction of such a system will enable the FID to:
• Ensure that the UAE’s financial system stays relevant and effective in the fight against money laundering and terrorism financing;
• Enable the FID to collaborate more effectively with various stakeholders such as reporting entities, supervisory bodies and law enforcement agencies
• It will be easier to manage a reporting entity’s registration information
• Failed reporting will be simplified by requiring the user to only re-submit the remediated failed report
• The ‘Message Board’ function gives the user the ability to communicate with the FID in a centralized manner
• Users will be able to track online all reporting related requests and responses between a reporting entity and the FID

The “GOAML” registration will be mandatory for a specific commercial activity
 Brokers and Real Estate Agents
 Dealers in Precious Metals and Precious Stones
 Independent Accountants
 Providers of Corporate services

Prepare the below documents before the registration
 Authorization letter from the institution you represent (download the form).
 A copy of the passport, resident VISA, Emirates ID.
 A copy of the commercial trade license (for companies).
 Download the “Google Authenticator” application on the phone. (This application contains the password for
the SACM protection system, which is a password that changes every minute)

There are two stages to successfully complete the goAML Registration:
 The first stage: the registration stage in the protection system (SACM) of goAML portal.
 The second stage is the registration stage in the goAML system.

Grace period for establishments’ compliance to these measures has been extended till March 31, 2021. Failure to register on goAML may result in severe penalties invoked by the ministry of Economy. We therefore urge you to treat this notice as a matter of priority and complete your application to ensure access to the goAML system.

For further clarifications you may contact us on +971 65 74 8665 and our team would be glad to assist.


goAML

Israel-UAE-Deal-Eagle_Eye_International
Israel and UAE Strike Historic Deal to Normalize Relations
Previous Article
ubo
UPDATE JUNE 2021: UBO Registry – A New Compliance Request For UAE Companies
Next Article

Request a free
consultation session

Our top priority is ensuring that we provide our clients with the most cost-effective solutions that suit the business sector of UAE to make their business dreams a reality
Get In Touch
eagle eye logo

Eagle Eye strives to make your business dreams a reality by continuous, reliable services on all fronts when setting up your business in U.A.E.

Explore

Blog
About Us
Privacy Policy
Careers
Contact Us
Earn AED3,000

U.A.E.

Saif Zone Authority,
P.O Box – 124462,
X1 – 53, Sharjah,
United Arab Emirates.

  • Click for Directions

Sri Lanka

NO 124/6,
Kariyawasam Place, Buthgamuwa Road, Rajagiriya, Sri Lanka.

  • Click for Directions
Facebook
Twitter
Linkedin
Instagram
Copyright 2021 Eagle Eye International FZC. All Rights Reserved.