Are business-to-business transactions reportable under the UAE DPMSR rules?
Yes. Both business-to-business (B2B) and business-to-consumer (B2C) dealings can trigger a Dealers in Precious Metals and Stones Report (DPMSR) in the UAE. The reporting obligation turns on the value and form of the transaction, not on whether the counterparty is an individual or a company.
For corporate customers, a DPMSR is required where a transaction of AED 55,000 or more is settled in cash or by international wire transfer, whether as a single dealing or several linked dealings. For natural persons, the trigger is a cash transaction of AED 55,000 or more. Transfers between two accounts held at the same UAE bank are generally not reportable as designated transactions, but suspicion-based reporting still applies to any dealing regardless of channel or value.
Because B2B dealings often involve layered ownership, dealers must identify the corporate customer and its ultimate beneficial owner, and keep documentary evidence supporting the report. Treating wholesale trade as outside scope is a common and costly misunderstanding.
Legal Reference (UAE):
· Cabinet Resolution No. 134 of 2025, Article 10 — identification of the beneficial owner of legal persons owning 25% or more.
· Federal Decree-Law No. 10 of 2025, Article 19(1)(b) — customer due diligence and continuous monitoring for all customers.
For more details, consult the full text of Cabinet Resolution No. 134 of 2025 or seek guidance from your AML compliance officer.