Legal
goAML Compliance Services
Since 20178 Of Experience in This Finance Advisory Company.
- goAML registered
- Filed in your name
- To the deadline
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Tell us your position and we will confirm the scope and the fee in writing.
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Legal
Eleven services under goaml compliance services
AML Business Risk AssessmentAn Anti-Money Laundering (AML) Business Risk Assessment is a comprehensive overview of the threats that a company might face and the possible exposure to money laundering and terrorist financing activities. At Vigor Accounting and Taxat...Read more
AML Name Screening SoftwareAs businesses in diverse industries grapple with the existing regulatory landscape, countermeasures against money laundering and terrorism funding are deemed essential. AML Name Screening Software is a significant approach to adhere to...Read more
Comprehensive Guide to goAML RegistrationThe authorities in the UAE have been at the forefront of combating illicit activities in the financial sector such as money laundering and terrorist financing, and this has made them come up with the goAML platform which is a centralize...Read more
Dealers in Precious Metals and Stones Report (DPMSR)The Dealers in Precious Metals and Stones Report (DPMSR) is critical compliance for companies in the UAE engaged in high-valued transactions of precious metals and stones. DPMSR being part of the country’s Anti-Money Laundering (AML) fr...Read more
Fund Freeze Report (FFR)The Fund Freeze Report (FFR) is an important compliance tool frequently used in the UAE's financial system to monitor and prevent illicit fund movement. In case of any suspicious activities, the businesses have to freeze the respective...Read more
goAML Policy Making ServicesEffective policy making is essential for businesses to establish clear guidelines, operational frameworks, and compliance measures. At Vigor Accounting & Taxation, we help businesses in the UAE develop bespoke policies that are in line...Read more
Manage KYC & Due Diligence ServicesWithin today's worldwide economic arena, thorough Know Your Customer (KYC) along with due diligence procedures are vital for the businesses to be in accordance with regulations and to lower the existing risks of financial crimes such as...Read more
Partial Name Match Report (PNMR)Partial Name Match Report (PNMR) is a compliance tool the UAE uses in the Anti-Money Laundering (AML) framework to make potential matches between client names and those on international sanctions or watchlists. At Vigor Accounting & Tax...Read more
Real Estate Activity Report (REAR)The Real Estate Activity Report (REAR) is a crucial compliance measure for real estate businesses in the UAE, intended to assist the authorities in monitoring and stopping money laundering and other financial crimes. Per UAE Anti-Money...Read more
Suspicious Activity Report (SAR) ServicesThe Suspicious Activity Report (SAR) is a significant instrument used to combat financial crime, including both money laundering and terrorism financing. In the UAE, businesses in high-risk sectors such as banking, real estate, and acco...Read more
Suspicious Transaction Report (STR) ServicesCompanies in the UAE should report illicit activities as part of the anti-money laundering and terrorist funding battle by filing Suspicious Transaction Reports (STRs). An STR is a formal report made via the goAML platform at the behest...Read more
Asked most often
Is goAML registration mandatory for my business?
It is mandatory for designated non-financial businesses and professions, which includes real estate agents, dealers in precious metals and stones, corporate service providers and auditors. Whether it applies to you turns on your licensed activity and whether it falls within these designated categories, so check your trade licence description against the list.
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Answers
More on goaml compliance services
The 5 questions asked next, answered plainly.
01How much does goAML registration cost?
Registration and ongoing compliance support are quoted after a proposal, since the scope depends on your activity, transaction volumes and whether you need policies, KYC procedures and reporting set up alongside registration. Bookkeeping support, if required separately, starts at AED 599 per month for up to 50 transactions.
02What is the penalty for not registering on goAML?
Non-compliance with anti-money laundering obligations, including failure to register on goAML where required, can result in financial penalties and other regulatory action from the relevant UAE authority. The exact amount depends on the nature and duration of the breach, so this is assessed case by case.
03What reports do I need to file once registered on goAML?
Depending on your activity, you may need to file a Suspicious Activity Report, a Suspicious Transaction Report, a Dealers in Precious Metals and Stones Report, a Real Estate Activity Report or a Fund Freeze Report. Which reports apply turns on your business type and whether you encounter transactions that trigger a reporting obligation.
04Which businesses count as designated non-financial businesses and professions?
The designated categories include real estate agents and brokers, dealers in precious metals and stones, corporate service providers, and auditors. If your licence falls under one of these activities, you are expected to register on goAML and maintain related KYC, due diligence and reporting procedures.
05What documents and information are needed to complete goAML registration and set up compliance?
You will typically need your trade licence, details of your business activity, authorised signatory information, and internal policies covering KYC, due diligence and suspicious transaction identification. Vigor Accounting and Taxation LLC can advise on the exact documents needed once your activity and registration status are reviewed.
Not here? Ask Vigor, and a specialist picks it up from there.
