What is a DPMSR and when must dealers file one on goAML?
A DPMSR (Dealers in Precious Metals and Stones Report) is a mandatory transaction report filed on goAML by dealers in precious metals and stones. Unlike an STR it does not require any suspicion. It is triggered by value: any cash transaction, or an international wire transfer involving a legal person, at or above AED 55,000 must be reported, whether the counterparty is a resident individual, a non-resident individual, or a company.
The report is submitted to the UAE FIU through goAML and is generally expected within two weeks of the transaction. A dealer must still file a separate STR if the same transaction also raises suspicion, because the DPMSR is a threshold report and not a substitute for suspicious reporting. Failing to register on goAML or to file DPMSRs on time exposes the dealer to administrative penalties.
Legal Reference (UAE):
· Federal Decree-Law No. 10 of 2025, Article 18(3): delegates the rules and cases for reporting to the Executive Regulations.
· Cabinet Resolution No. 134 of 2025 (Executive Regulations): sets the reporting rules and thresholds for DNFBPs.
For more details, consult the full text of the Executive Regulations or seek guidance from your AML compliance officer.