Safeguarding Integrity Through Compliance Excellence.
Compliance Without Compromise.
In today's regulatory landscape, an effective AML framework is not just a legal requirement — it is a statement of your organization's integrity. At Univia Global Consultancy, we build compliance systems that are practical, robust, and built to last.
Introduction
In today's regulatory landscape, compliance is more than a box to tick — it's a safeguard for reputation and trust. At Univia Global Consultancy, we help businesses implement robust Anti-Money Laundering (AML) and compliance frameworks that meet UAE and international standards.
Our Expertise
Our team has hands-on experience supporting DNFBPs and corporates with goAML registration, risk assessments, and policy implementation. We ensure your systems and teams are fully equipped to detect, prevent, and report suspicious activities effectively.
What We Offer
Design and implement AML/CFT frameworks tailored to your business model
Register and manage goAML accounts and reporting protocols
Conduct risk assessments and transaction monitoring reviews
Train staff in KYC, CDD, and suspicious transaction reporting
Review and update internal AML policies for continuous compliance
Why It Matters
Regulatory fines and reputational damage can be devastating. Univia ensures your organization not only meets AML obligations but also builds a culture of integrity and accountability.
Frequently Asked Questions
What is AML compliance in the UAE?
AML compliance refers to legal obligations under Federal Decree-Law No. 20 of 2018 to detect, prevent, and report money laundering and terrorist financing. UAE businesses must implement customer due diligence, transaction monitoring, and suspicious activity reporting.
Which businesses need AML compliance in the UAE?
DNFBPs including real estate agents, dealers in precious metals, auditors, accountants, corporate service providers, and lawyers are required to comply with UAE AML regulations. Financial institutions are also subject to stringent AML requirements.
What are the penalties for AML non-compliance?
Penalties include fines ranging from AED 50,000 to AED 5,000,000, suspension or revocation of business licences, and criminal prosecution. The UAE has significantly strengthened enforcement following its FATF mutual evaluation.
What is goAML and who needs to register?
goAML is the UAE Financial Intelligence Unit's reporting platform for suspicious transaction reports (STRs) and suspicious activity reports (SARs). All DNFBPs and regulated financial institutions must register and submit reports as required under UAE AML law.