YOUNG AND RIGHT
ACCOUNTING & TAX CONSULTANCY
Young & Right
Accounting Audit Assistance
Internal Audit Statutory Audit Audit in free zones Liquidation Audit Tax Audit Stock Audit
Advisory & Consulting
VAT SERVICES
VAT Consultants VAT Return Filing VAT Refund VAT Fines VAT in UAE VAT Audit VAT Deregistration VAT Assessment & Appeals VAT Implementation VAT and Tax Advisory Key VAT Points VAT Training VAT Compliance Services International Taxation
OTHER SERVICES
Zakat Consultancy Aml Registration Company Liquidation Tax Residency Certificate Tax Consultancy Services Software Implementation CFO Services
CORPORATE TAX
Services Registration Assessment Return filing Corporate Tax audit
ADVISORY
Financial Reporting & Statement Analysis Corporate Governance Business Strategy & Planning Budgeting & Financial Planning Strategy & Operation AML Compliance
About Us Blogs Contact Us
Home
Accounting
Bookkeeping Services Accounts Payable Outsourcing Accounting & Financial Reporting Account Reconciliation Services Payroll Services Updating Of Backlog Accounts
Audit Assistance
Internal Audit
Financial Statement Audit Risk Management Operational Audit Compliance Audit Financial Control audit Independent Review Investigation Audit Forensic & Special Audit
Statutory Audit Audit in free zones Liquidation Audit Tax Audit Stock Audit
Advisory & Consulting
VAT Services
VAT Consultants VAT Return Filing VAT Refund VAT Fines VAT in UAE VAT Audit VAT Deregistration VAT Assessment and Appeals VAT Implementation VAT and Tax Advisory Key VAT Points VAT Training VAT Compliance Services International Taxation
Corporate Tax
Services Registration Assessment Return filing Corporate Tax audit
Advisory
Financial Reporting & Statement Analysis Corporate Governance Business Strategy & Planning Budgeting & Financial Planning Strategy & Operation AML Compliance Mergers and Acquisitions Financial Feasibility Business Succession Planninge Business Restructuring Human Capital Valuation and Financial Restructuring Tax Advisory
Other Services
Zakat Consultancy Aml Registration Company Liquidation Tax Residency Certificate Tax Consultancy Services Software Implementation CFO Services
About Us Blogs
Document

Accountants & Auditors: Upholding Financial Integrity with GoAML

Written By Fayas Ismail / Reviewed By Fahad Ismail

FAQ

Accountants & Auditors: Upholding Financial Integrity with GoAML
Accountants and auditors are the watchdogs of financial integrity. They meticulously review financial records and ensure that businesses maintain transparent and accurate accounts. However, sophisticated money launderers often exploit weaknesses in financial reporting by using fake invoices, overstating revenues, or orchestrating complex multi-account transactions to hide illicit funds.

Common Money Laundering Tactics in Accounting

• Fake Invoices & Transactions: Criminals fabricate invoices to justify cash flows that have no legitimate origin. • Overstated Revenues: Illicit funds may be funneled through businesses by inflating their reported income. • Complex Financial Maneuvers: Multiple accounts and layered transactions are used to obscure the trail of money.

How GoAML Empowers Financial Professionals

GoAML provides systems for tracking and reporting suspicious financial activities across complex transaction

Young & Right – Your Partner for Legal Compliance

At Young & Right , we provide comprehensive guidance to law firms seeking GoAML registration. Our services include risk assessments, compliance training, and tailored strategies to ensure that your firm is not inadvertently involved in money laundering. We help protect your reputation while maintaining the highest standards of legal integrity. Ensure that your legal practice remains above reproach. Contact Young & Right today for expert assistance with GoAML registration and robust compliance solutions.
Muhammed Fayas

Muhammed Fayas

ACCA (Advanced Level) candidate with a Bachelor of Commerce and over 5 years of experience at Young and Right Accounting and Tax Consultancy. Specialized in business consultancy, strategic planning, financial analysis, bookkeeping, auditing, and tax consultation. Proven track record of delivering accurate financial reporting with a meticulous, results-driven approach and a strong foundation in accounting and finance.

Document Document