Which authority supervises AML compliance for real estate agents in the UAE?
The Ministry of Economy (now the Ministry of Economy and Tourism) is the supervisory authority for AML/CFT compliance by real estate brokers and agents in the UAE. It regulates and supervises this DNFBP sector, issues circulars and guidance, monitors compliance, and imposes administrative penalties for breaches.
Real estate professionals should therefore look to the Ministry of Economy for sector-specific instructions, including the Real Estate Activity Report requirements, while reports themselves are submitted to the Financial Intelligence Unit through goAML. The National Anti-Money Laundering and Combating Financing of Terrorism Committee coordinates overall national policy. Knowing which body supervises them helps brokers direct registration, filings and queries to the right authority.
Legal Reference (UAE):
· Cabinet Resolution No. 134/2025 (Executive Regulations), Article 3(2) - places real estate brokers and agents within the supervised DNFBP category.
· MOE Circular No. 1/2021 - confirms the Ministry of Economy supervisory role over real estate brokers and agents.
For more details, consult Ministry of Economy guidance or seek guidance from your AML compliance officer.