goAML Registration in Ras Al Khaim
goAML is an advanced reporting platform developed by the United Nations Office on Drugs and Crime (UNODC) to combat money laundering and terrorism financing. In the UAE, including Ras Al Khaimah, all Designated Non-Financial Businesses and Professions (DNFBPs) and other regulated entities are required to register and comply with this system. At Unicorn Global Solutions (UGS), we provide expert support for goAML registration in Ras Al Khaimah, ensuring your business meets regulatory requirements, safeguards its reputation, and avoids costly penalties.
For businesses in the Northern Emirates, particularly Ras Al Khaimah, meeting Anti-Money Laundering (AML) obligations is a legal necessity. The Ministry of Economy (MOE) has made it mandatory for DNFBPs (Designated Non-Financial Businesses and Professions) to complete their goAML registration in Ras Al Khaimah to ensure proper monitoring and reporting of suspicious financial activities.
The compliance framework is based on Federal Decree-Law No. (20) of 2018, which criminalizes money laundering and terrorism financing while establishing strict enforcement measures. Following the UAE’s 2018 national risk assessment and the 2019 FATF review, the Ministry of Economy now closely supervises DNFBPs to strengthen AML and CFT compliance across the Emirates.
Who Needs GoAML Registration?
The AML framework applies to four key DNFBP categories:
- Real Estate Brokers & Agents
- Dealers in Precious Metals & Gemstones
- Auditors & Accountants
- Corporate & Management Service Providers
Failure to comply with goAML registration can result in penalties of up to AED 1 million. Beyond avoiding fines, AML-CFT compliance protects businesses from being exploited by money launderers and enhances credibility in the market.
Documents Required for GoAML Registration in Ras Al Khaimah
To register, businesses must appoint a Compliance Officer / MLRO or nominate a senior officer (Managing Director, COO, or CFO). Required documents include:
- Valid email & mobile number of the nominated person
- Company documents (in a consolidated PDF)
- An authorization letter from the company
- Details of the nominated person (Admin & User roles)
- Valid passport, Emirates ID & UAE residency visa copy
- Valid commercial trade license
Why AML Compliance is Essential
Authorities such as the UAE Central Bank and the MOE encourage businesses to go beyond minimum requirements and adopt global best practices. Strong AML compliance not only ensures legal protection but also builds resilience against financial crime risks.
GoAML Services with Unicorn Global Solutions
At Unicorn Global Solutions (UGS), we specialize in providing end-to-end goAML registration and compliance services in Ras Al Khaimah and across the UAE. Our services include:
- Assistance with goAML registration & reporting
- AML compliance assessments tailored to your business
- Advisory on meeting AML-CFT obligations
- Guidance aligned with FATF recommendations
Our team ensures your business stays compliant, avoids penalties, and upholds its integrity in the UAE’s regulated environment.
Contact Unicorn Global Solutions today for expert support with GoAML Registration in Ras Al Khaimah and comprehensive AML compliance services across the UAE.
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Common Questions
Frequently Asked Questions
Registration with goAML is a legal requirement for Designated Non-Financial Businesses and Professions (DNFBPs) in the UAE. It ensures compliance with Federal Decree-Law No. (20) of 2018, protects businesses from being misused for illegal financial activities, and helps avoid penalties that can reach up to AED 1 million. Beyond compliance, it also strengthens a company’s reputation and credibility.
At Unicorn Global Solutions (UGS), we provide complete support for goAML registration and compliance. Our experts guide you through documentation, registration, and reporting processes while ensuring that your business meets all AML and CFT requirements. We also offer compliance assessments, advisory on FATF standards, and ongoing support to safeguard your business from risks.
Money laundering is the process of concealing the origins of illegally obtained money by passing it through legitimate businesses or financial systems. Criminals use this tactic to make illicit funds appear legal, which is why strong AML regulations are in place to protect businesses and economies.
The following DNFBP categories are required to register with goAML in the UAE:
- Real Estate Brokers and Agents
- Dealers in Precious Metals and Gemstones
- Auditors and Accountants
Corporate and Management Service Providers
Yes, registering with the goAML platform itself is free of charge. However, businesses may need professional assistance to ensure accurate registration, compliance, and timely reporting to avoid penalties.
