UAE launches UN-developed anti-money laundering platform

Pedro Gonçalves
clock • 1 min read

All financial institutions in the UAE will now have to report any suspicious transactions through "goAML" (Anti-Money Laundering), a newly UN-developed platform, the Central Bank of the UAE announced on Sunday. All entities under the central bank's banking supervision department, the Insurance Authority, the Securities and Commodities Authority, Abu Dhabi Global Markets and the Dubai Financial Services Authority are included and must be registered with the new system by June 27. The UAE has been tightening its financial regulations to fight the perception among some foreign investors ...

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