What is the deadline for submitting a DPMSR in the UAE?
A dealer in precious metals and stones is expected to file a DPMSR promptly after a qualifying transaction occurs. In practice the UAE Financial Intelligence Unit’s goAML guidance sets a window of two weeks from the date of the qualifying cash or wire transaction of AED 55,000 or more. Filing within this window keeps the dealer compliant and avoids gaps in the FIU’s monitoring of the sector.
This threshold-based deadline is distinct from the rule for suspicious transactions. Where a dealer suspects, or has reasonable grounds to suspect, that funds are linked to a crime, the report must be made without delay rather than within a fixed window. Dealers should build both timelines into their internal procedures so that routine DPMSR filings and urgent suspicion-based reports are each handled correctly.
Legal Reference (UAE):
· Federal Decree-Law No. 10 of 2025, Article 18 requires reporting to the Financial Intelligence Unit and, for suspicious transactions, without delay.
For more details, consult the goAML reporting guidance or seek guidance from your AML compliance officer.