Do DNFBPs have to register on the goAML portal in the UAE?
Yes. Every DNFBP must register on the goAML portal operated by the UAE Financial Intelligence Unit. Registration is a legal precondition for lawfully carrying on a DNFBP activity, and it is the channel through which the business files suspicious transaction and suspicious activity reports. A business that operates without the required registration or enrolment is in breach of the law.
Registration involves creating the entity profile, nominating the compliance officer or money laundering reporting officer, and submitting the trade licence, an authorisation letter, and identity documents for the officer. Once registered, the DNFBP can submit reports directly to the Unit and receive feedback and requests for information.
Legal Reference (UAE):
· Federal Decree-Law No. 10 of 2025, Article 20 - prohibits carrying on a DNFBP activity without licence, registration, or enrolment.
· Federal Decree-Law No. 10 of 2025, Article 18 - requires reporting of suspicious transactions to the Unit.
For more details, consult the UAE Financial Intelligence Unit at fiu.gov.ae or seek guidance from your AML compliance officer.