Buying property in the United Arab Emirates? Investors should check whether brokerage firms are ‘goAML’ certified

UAE AML regulations are strict and it is crucial for companies to comply with all requirements. The country is implementing a cutting-edge approach to anti-money laundering regulations. Companies should aim to strengthen their goodwill and avoid penalties by following the requirements.

Companies must register on the GoAML website (goaml.ae/) and subscribe to the lists of local and international authorities, such as the Executive Office for Enforcement and Non-Proliferation (uaeiec.gov.ae/en-us/un -page).

– Alexander Kukuev, Managing Partner of Uppercase Legal Advisory