Overview

Dealers of Precious Metals and Stones (DPMS) are governed by the United Arab Emirates Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organizations and Cabinet Decision No. (10) of 2019 on the Executive Regulation of Federal Decree-Law No. 20 of 2018, along with its subsequent amendments. The UAE is committed to global efforts in combating money laundering and terrorism financing (AML/CFT) and aims to align with the standards set by the International Financial Action Task Force (FATF).

Legislation, Rules and Regulations

• • Ministerial Decree No. (68) of 2024 Regarding Gold Refineries’ adherence to the Policy of Due Diligence Regulations for Responsible Souring of Gold. READ MORE
  • Federal Decree Law No (26) of 2021 to amend certain provisions of Federal Decree Law No (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organizations. READ MORE
  • Federal Decree by Law No. (20) of 2018 on Anti Money Laundering and Combating the Financing of Terrorism and Illegal Organizations. READ MORE
  • Cabinet Decision No. (10) of 2019 Concerning the implementing regulation of decree law no. (20) of 2018 on anti- money laundering and combating the financing of terrorism and illegal organizations. READ MORE
  • Cabinet Decision No (109) of 2023 regarding regulating the procedures of the beneficial owner. READ MORE
  • Cabinet Decision No (132) of 2023 regarding the administrative penalties imposed on violators. READ MORE
  • Cabinet Resolution No (24) of 2022 Amending some provisions of Cabinet Resolution No (10) of 2019 On the Executive Regulations Of Federal Decree-Law No (20) of 2018 on Combating Money Laundering and the Financing of Terrorism and Illegal Organizations. READ MORE
  • Cabinet Resolution No (74) of 2020 regarding the Terrorism Lists Regulation and Implementation of UN Security Council Resolutions on the Suppression and Combatting of Terrorism, Terrorist Financing, Countering the Proliferation of Weapons of Mass Destruction and its Financing, and Relevant Resolutions. READ MORE

DPMS Guidance

• Guidelines for Designated Non-Financial Businesses and Professions KNOW MORE
• Due Diligence Regulations for Responsible Sourcing of Gold. KNOW MORE
• Supplemental Guidance for Dealers in Precious Metals and Stones KNOW MORE

Useful links

• Registration on GoAML. KNOW MORE
• Targeted Financial Sanctions Guide. KNOW MORE
• Ultimate Beneficial Owner. KNOW MORE, SUBMIT
• Ministry of Economy Circulars and Informative Videos. KNOW MORE

Contact us

Please send any questions you may have on the following email: [email protected]

Awareness Session on Due Diligence Regulations for Responsible Sourcing of Gold

Download the presentation here