The UAE has become the first
country in the Gulf to launch a new reporting platform developed by the United
Nations Office on Drugs and Crime to curb organised crimes.
The UAE’s Financial Intelligence Unit launched the new anti-money laundering
platform ‘goAML’ , which has been open for registration since May. This was
announced by officials of UAE Central Bank in Abu Dhabi.
All financial entities and Designated Non-Financial Businesses or Professions
have to register on this system by Thursday. More than 900 entities including,
banks, insurance companies and money exchange centres, are required to register
on the platform and 50 percent of them have already registered. The platform
will help the FIU prevent money laundering, financing of terrorism and other
illicit financial activities.
About UAE:
Capital: Abu Dhabi
Currency: UAE Dirham
President of UAE: Khalifa bin Zayed Al Nahyan
