- The United Arab Emirates (UAE) has become the first country to launch Anti-Money Laundering Platform 'goAML' developed by the United Nations Office on Drugs and Crime to curb organized crimes.
- All financial entities and Designated Non-Financial Businesses or Professions have to register on 'goAML'.
- More than 900 entities including, banks, insurance companies, and money exchange centers, are required to register on 'goAML' and 50% of them have already registered.
- The platform will help the Financial Intelligence Unit (FIU) of UAE prevent money laundering, financing of terrorism and other illicit financial activities in the country.
Published On : 26 Jun 2019
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