What is the AED 55,000 threshold for dealers in precious metals and stones?
The AED 55,000 threshold is the trigger point at which a dealer in precious metals and stones becomes subject to AML obligations for an occasional transaction. When a DPMS carries out a single cash transaction, or several transactions that appear to be linked, worth AED 55,000 or more, it must apply customer due diligence and treat the dealing as a regulated activity.
The threshold is designed to prevent structuring, so linked or split payments that together reach AED 55,000 count towards it. It is important to understand that the threshold sets the minimum point for occasional transactions only. Due diligence and enhanced due diligence must still be applied on a risk basis whenever there is suspicion of a crime or doubt about the accuracy of customer information, even below AED 55,000.
Legal Reference (UAE):
· Cabinet Resolution No. 134 of 2025 (Executive Regulations), Article 3(3) sets the AED 55,000 cash transaction threshold for DPMS.
· Cabinet Resolution No. 134 of 2025, Article 7 lists the cases in which customer due diligence must be applied.
For more details, consult the full text of Cabinet Resolution 134 of 2025 or seek guidance from your AML compliance officer.
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