Anti Money Laundering

Ministry of Economy campaign to combat money laundering

The Ministry of Economy (MoE) announced the launch of an awareness and monitoring campaign to encourage Designated Non-Financial Businesses  and Professions (DNFBPs) registered in the UAE to register in the system of Financial Intelligence Unit (goAML) . The campaign also encourages these target groups to register in the system of Committee for Commodities Subject to Import and Export Control (Automatic Reporting System for Sanctions Lists), and to adopt measures related to both, stipulated by the Federal Law No. 20 of 2018 on combating money laundering crimes and financing of terrorism and illegal organizations, and the regulations and relevant decisions regarding their implementation.

We urge you to register for free in the goAML system to file suspicious transaction reports (STRs) and to register at the automated reporting system for sanctions lists within 10 working days of receiving this notification and start using the aforementioned systems immediately according to the requirements. You will find the details here.

Note: In the event that you do not adhere to the above-mentioned systems during the prescribed period, your registration license will be suspended.

For more inquiries about registering in the two systems, please contact Ministry of Economy via the e-mail AML@economy.ae

Or via phone number 04-3141517

For legislation,  guidance, and instructions related to anti-money laundering and combating financing of terrorism, please visit the Ministry of Economy website at: https://www.economy.gov.ae/English/aml/pages/default.aspx

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