GoAML Registration

GoAML is a powerful online system introduced by the UAE to tackle money laundering and terrorism financing. Managed by the Real Estate Regulatory Agency (RERA), it helps track and analyze suspicious financial activities to keep the financial system clean and transparent. The UAE, a major global financial hub, uses GoAML to enhance its efforts against financial crime and to stay compliant with international standards.

1. Legal Protection: Registering with GoAML is crucial because it ensures your rental or financial activities are legally recognized. Without this registration, transactions may not be protected by UAE’s financial authorities, putting you at risk.
2. Visa Applications: Since 2013, an Ejari-registered contract is needed to apply for residency visas. GoAML helps maintain this requirement by ensuring all contracts are officially recorded.
3. Service Connections: To set up essential services like internet and TV with Du, you must have an Ejari registration, which is part of the GoAML system’s requirements.

1. Landlords and Tenants: Both parties in a rental agreement must register with GoAML. This ensures that all rental activities are documented and monitored.
2. Property Management Companies: If a property management company handles your rental property, their agent can manage the registration process for you.
3. Tenants: Typically, tenants handle the registration and associated fees. This ensures that your rental contract is recorded properly and services can be set up without issues.

According to UAE laws, several types of organizations need to register with GoAML:

1. Real Estate Firms: These handle large sums of money and are often targets for money laundering.
2. Audit and Accounting Services: These firms can create complex financial structures that obscure the origin of funds.
3. Trust Companies: They manage assets through trusts, which can hide the true beneficiaries.
4. Consulting and Corporate Service Providers: These firms may offer financial planning that could be used for money laundering.
5. Legal Firms: Except for individual lawyers and notaries, these firms may help in creating legal structures that facilitate money laundering.
6. Precious Metals and Stones Traders: Trading valuable items can be used to move and hide illegal money.

Why Register?

Registering with GoAML not only meets legal requirements but also helps in the global fight against financial crime. It also enhances your organization’s reputation as a trustworthy and compliant business.