goAML Registration in the UAE | AML UAE

Introduction

This tutorial provides a step-by-step guide on how to register on the goAML platform in the UAE. The goAML portal, created by the United Nations Office on Drugs and Crime (UNODC), is essential for reporting suspicious transactions related to money laundering and terrorism financing. This guide is relevant for financial institutions, virtual asset service providers, and designated non-financial businesses and professions that need to comply with UAE's AML regulations.

Step 1: Identify Eligibility for Registration

Before starting the registration process, ensure your organization qualifies. The following entities must register on the goAML portal:

• Financial Institutions
• Virtual Asset Service Providers (VASPs)
• Designated Non-Financial Businesses and Professions (DNFBPs)

Step 2: Complete SACM Registration

The registration process involves two main stages. The first stage is registering on the Service Access Control Manager (SACM):

1. Visit the goAML portal.
2. Locate the SACM registration section.
3. Fill out the required information to create an account.
4. After successful registration, you will receive:
   • A username
   • A secret key for Google Authenticator

Practical Tip: Securely store your username and secret key, as they are necessary for the next steps.

Step 3: Set Up Google Authenticator

To complete the second stage of registration, you need to set up Google Authenticator:

1. Download the Google Authenticator app on your mobile device.
2. Open the app and select to add a new account.
3. Use the secret key from the SACM registration to generate a QR code or enter it manually.

Step 4: Complete goAML Portal Registration

Now that you have Google Authenticator set up, proceed with the goAML portal registration:

1. Log in to the goAML portal using your username.
2. When prompted for a password, enter the six-digit code generated by Google Authenticator.
3. Fill in the registration application with complete details about your organization and the designated AML Compliance Officer.

Step 5: Prepare Required Documents

Your registration application must be supported by the following documents:

• An authorization letter on your organization’s letterhead, appointing the AML Compliance Officer.
• A copy of your organization’s trade license.
• A copy of the identification document of the person completing the registration (passport, resident visa, or Emirates ID).

Step 6: Submit Registration Application

Once your application is filled and documents are prepared:

1. Review all information for accuracy.
2. Submit the registration application through the goAML portal.

Step 7: Await Approval

After submission, the relevant supervisory authority will review your application.

• If approved, you will receive confirmation that you can begin using the goAML portal for reporting.

Step 8: Submit AML-Related Reports

After registration approval, you are required to submit various AML-related reports through the goAML portal, such as:

• Suspicious Activity Report
• Suspicious Transaction Report
• Real Estate Activity Report
• Dealers in Precious Metals and Stones Report
• Funds Freeze Report
• High-Risk Country Transaction Report
• High-Risk Country Activity Report

Conclusion

Registering on the goAML platform is crucial for compliance with UAE's AML regulations. By following these steps, you can ensure your organization is properly registered and equipped to report suspicious transactions. Make sure to stay updated with any changes in requirements or processes related to AML compliance in the UAE.