Luxury cars, watches, and designer items are prime targets for criminals who want to move large amounts of illicit cash quickly. By purchasing expensive assets with cash or through fake buyers, they disguise illegal funds.
How Criminals Use Luxury Purchases to Launder Money:
Cash Purchases with No Paper Trail – High-value purchases using large cash payments.
Rapid Resale of Luxury Goods – Buying and quickly reselling to legitimize funds.
False Invoices & Overpriced Sales – Inflated sales prices to hide money movements.
How GoAML Protects Luxury Dealers:
✅ Mandates reporting of all high-value transactions.
✅ Tracks suspicious buyers and repeat bulk purchases.
✅ Ensures compliance with UAE’s AML regulations for luxury markets.
Young & Right – Helping Dealers Meet Compliance
We provide full
GoAML registration services for car dealerships, jewelry stores, and luxury retailers. Our team ensures you meet all compliance requirements.
Ensure compliance with
GoAML – Contact
Young & Right today
