Registration on the goAML portal and assistance in drafting AML policies
Registration on the goAML portal and assistance in drafting AML policies
We will help your company register on the goAML portal and develop internal anti-money laundering documents to comply with the requirements of the Central Bank and UAE regulators.
Mandatory registration with goAML for businesses in the UAE
All companies belonging to the DNFBP categories (real estate agencies, auditors, jewellers, corporate services, etc.) are required to register with the goAML system. Failure to register or errors in submitting information may result in fines and suspension of activities.
Our service will help you:
Register your company on the goAML portal without errors;
Prepare and approve an AML policy in accordance with legal requirements;
Avoid fines and risks during regulatory inspections.
You need to register with goAML if:
Your company operates in the real estate, jewellery, auditing, corporate services or financial consulting sectors;
You provide intermediary or accounting services;
You already have a licence in the UAE, but you are not registered with goAML — in this case, fines are inevitable.
We pride ourselves on providing high-quality services, and our clients are willing to share their experiences with us.
Elena Samokhvalova, owner
Optimum Setup Documents Clearing Services Co LLC
I recently had the pleasure of working with Mountain Accounting and Bookkeeping LLC, and I couldn't be more satisfied with their services. From the moment I engaged with them, the team demonstrated a high level of professionalism, expertise, and attention to detail that immediately put my mind at ease.
Their knowledgeable accountants took the time to thoroughly understand our clients' business needs and provided tailored solutions that have greatly improved the efficiency of their financial processes. What impressed me the most was their commitment to accuracy and their proactive approach in identifying areas where we could optimize our finances.
The communication from Mountain Accounting and Bookkeeping LLC is top-notch. They are always prompt in responding to any queries and provide clear explanations for even the most complex accounting matters. Their transparency and integrity are evident in every interaction, and I truly feel that they have my business's best interests at heart.
Thanks to their meticulous bookkeeping and accounting services, we now have a much clearer understanding of our financial position and to our clients, which has been invaluable for making informed business decisions. We highly recommend Mountain Accounting and Bookkeeping LLC to any business looking for reliable and professional accounting services. They are a true partner in success!
Olga Melnikova
Manager and owner of OL Interior company
With the opening of the company in December 2022, I tried 3 accounting options:
I myself am not my option at all, I do not like to delve into new laws, nuances of reporting... but for the first time it's ok. I hired a Filipino accountant based on a recommendation. It seemed OK, but the language barrier prevented discussion of some issues and it worked sooo slowly. I switched to accountants from Belarus who have a company in the UAE. Everything is clear, fast, no more expensive than Filipinos, 2 accountants work in conjunction, which allows them to always stay in touch in our chat. invoices are made instantly, there is no language barrier. I asked questions about the contract or accounting and got a clear answer.
In July of this year, I reached the threshold of 375,000 USD on my personal account, the accountant registered the TRN number, and now VAT of 5% is added to all service accounts.
VAN is a mandatory registration upon reaching the income threshold of 375,000 USD for 12 months, to be paid quarterly.
I really like that my accountants keep very careful records of income and expenses, how much came, where did they go, who did not pay extra, every dirham is recorded.
Andrey Nosikov
CEO KLIMATIKA AC AND REFRIGERATOR MAINTENANCE L.L.C
I personally am delighted with our work experience, I really like that the adjustment and lapping period was very easy and painless for us. We have found a reliable partner in your company for a long time.
ANSWERS TO FREQUENTLY ASKED QUESTIONS
Registration is mandatory for companies classified as DNFBP: real estate agencies, accountants and auditors, corporate service providers, jewellery and trading companies.
Companies face fines of AED 50,000, suspension of operations, freezing of bank accounts, and refusal to renew their licences.
AML policy is an internal company document that regulates KYC and financial monitoring procedures. It is mandatory and is checked by regulators during audits or inspections.
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The goAML system is a mandatory control tool implemented by the Central Bank of the UAE to combat money laundering and terrorist financing. Every company falling under the DNFBP category must register and establish internal controls in accordance with the law.