Which business sectors are rated highest risk in the UAE NRA 2024?
The 2024 National Risk Assessment placed several DNFBP sectors in the higher-risk category, with real estate and the precious metals and stones (gold) trade attracting particular attention. These sectors are exposed because they involve high-value assets, can absorb large sums, and are attractive to criminals looking to store or move illicit value. Cash-intensive activity and complex ownership structures add to the exposure.
Firms operating in these sectors are expected to apply stronger controls in proportion to that risk. That means robust customer due diligence, careful source-of-funds checks and close monitoring of unusual transactions. The higher rating is a signal from the regulator that supervisory expectations for these businesses are rising.
Legal Reference (UAE):
· UAE National Risk Assessment 2024 (NAMLCFTC): identifies the sectors most vulnerable to money laundering, including real estate and precious metals.
· Cabinet Resolution No. 134 of 2025 (Executive Regulations), Article 5: requires controls proportionate to the nature and size of the business and the risks identified.
For more details, consult the full text of the National Risk Assessment or seek guidance from your AML compliance officer.