What is a DPMSR and what transaction threshold triggers it?
A DPMSR, or Dealers in Precious Metals and Stones Report, is a mandatory transaction report filed on the goAML portal by dealers in valuable metals and precious stones. Unlike a suspicious transaction report, a DPMSR does not depend on suspicion. It must be filed whenever a qualifying cash transaction meets or exceeds the regulatory threshold, so it is essentially a threshold-based reporting obligation.
Under the current UAE framework, a dealer becomes subject to AML obligations, including this reporting duty, when it carries out any single cash transaction, or several linked transactions, whose value equals or exceeds AED 55,000. Dealers must still apply customer due diligence, keep records, and separately file a suspicious transaction report if suspicion arises, even on transactions below the threshold. The DPMSR gives the Financial Intelligence Unit visibility of high-value cash activity in a sector assessed as vulnerable to money laundering.
Legal Reference (UAE):
· Cabinet Resolution No. 134 of 2025 (Executive Regulations), Article 3(3) - brings dealers in valuable metals and precious stones within scope for single or linked cash transactions of AED 55,000 or more.
· Federal Decree-Law No. 10 of 2025, Article 18 - sets the underlying obligation to report transactions to the FIU through the designated electronic system.
For more details, consult the full text of Cabinet Resolution No. 134 of 2025 or seek guidance from your AML compliance officer.