Started a New Business in the UAE & Struggling to Open a Bank Account? Al Yaqeen provides complete Anti-Money Laundering (AML/CFT) compliance, instant goAML registration, bespoke policy manuals, and KYC frameworks to ensure rapid bank account approval and eliminate regulatory penalty risks.
Most new businesses and Designated Non-Financial Businesses and Professions (DNFBPs) are surprised to find that UAE banks and regulatory bodies require goAML registration and a fully implemented AML/CFT policy as a mandatory prerequisite before opening a corporate bank account or commencing operations.
Seamless completion of Phase 1 (SACM) and Phase 2 (goAML) registration, including Money Laundering Reporting Officer (MLRO) appointment and system testing.
Drafted and customized specifically to your commercial activity and corporate structure to ensure immediate approval by UAE banks and regulators.
Providing necessary compliance frameworks, client due diligence templates, and Suspicious Transaction Reporting (STR) setup for full operational readiness.
End-to-end compliance management tailored to designated non-financial professions with full support for opening corporate bank accounts.
Don't let bank rejections or regulatory penalties stall your business. Contact us now for a quick consultation and immediate goAML onboarding.
UAE banks are subject to strict anti-money laundering regulations supervised by the Central Bank of the UAE. Under Federal Decree-Law No. 20 of 2018, banks are legally mandated to confirm that DNFBPs and commercial businesses hold valid goAML registration, an appointed MLRO, and a customized AML/CFT policy before opening accounts or clearing international transactions.
Operating without goAML registration leads to corporate bank account rejection, freezes on existing accounts, suspension of business licenses, and severe administrative penalties from supervisory authorities like the Ministry of Economy ranging from AED 50,000 to AED 5,000,000.
Our bespoke AML/CFT policy manual is tailored specifically to your exact trade license activities. It covers Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), PEP and sanctions screening, beneficial ownership (UBO) identification, suspicious transaction reporting procedures, and internal audit mechanisms required by UAE banks.
We provide expedited processing, completing Phase 1 (SACM) and Phase 2 (goAML) submissions, MLRO documentation, and testing within days so your company can proceed with corporate bank account opening without unnecessary delays.