Are jewellers considered DNFBPs under UAE AML law?

UAE
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Yes. Jewellers, gold traders, bullion dealers and other businesses that buy or sell precious metals and precious stones fall within the category of dealers in precious metals and stones, which is one of the designated non-financial businesses and professions recognised under UAE AML law. This means a jeweller is subject to the same core AML/CFT framework as other regulated entities, supervised by the Ministry of Economy.

The obligation is activity-based. A jeweller is treated as a DNFBP whenever it carries out a single or linked cash transaction of AED 55,000 or more, at which point customer due diligence, record-keeping, sanctions screening and goAML reporting all apply. Even below that value, jewellers are expected to maintain a risk-based programme because the sector is assessed in the UAE National Risk Assessment as carrying high inherent money laundering vulnerability.

Legal Reference (UAE):

For more details, consult the full text of Cabinet Resolution 134 of 2025 or seek guidance from your AML compliance officer.

AML Regulations for DPMS in UAE

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Yes, when the transaction threshold is met. Dealers in valuable metals and precious stones are DNFBPs when carrying out any single cash transaction, or several transactions that appear to be linked, whose value equals or exceeds AED 55,000.

Two features of that wording matter. The trigger is a cash transaction, so the threshold attaches to cash rather than to turnover generally. And linked transactions are aggregated, so a dealer cannot fall outside the regime by splitting a sale into instalments below the threshold. Once in scope, the full set of obligations applies: risk assessment, customer due diligence and ongoing monitoring, the ban on anonymous accounts, internal policies approved by senior management, implementation of targeted financial sanctions instructions, and record retention.

Legal Reference (UAE):

· Cabinet Resolution No. 134 of 2025, Article 3(3): dealers in valuable metals and precious stones as DNFBPs at or above AED 55,000 in cash, single or apparently linked.

· Federal Decree-Law No. 10 of 2025, Article 19(1): the core obligations that follow from DNFBP status.

Where the position is finely balanced, document your reasoning and raise it with your compliance officer.

AML policy drafting for dealers in precious metals and stones