Which transactions trigger a DPMSR filing in the UAE?
A DPMSR filing is triggered by high-value transactions in the precious metals and stones trade. The reportable events include cash transactions with a resident or non-resident individual of AED 55,000 or more, cash transactions with a corporate customer of AED 55,000 or more, and international wire transfers of AED 55,000 or more. Transactions that appear to be linked are aggregated, so several smaller payments that together reach the threshold also trigger a report.
The purpose of these triggers is to give the Financial Intelligence Unit visibility over large movements of value through a sector that is attractive to money launderers because of its liquidity and portability. A dealer should have systems that flag qualifying transactions automatically, capture the required customer information, and generate the DPMSR through goAML. Suspicion-based reporting still applies separately and is not limited to these thresholds.
Legal Reference (UAE):
· Cabinet Resolution No. 134 of 2025 (Executive Regulations), Article 3(3) sets the AED 55,000 threshold for DPMS dealings.
· Federal Decree-Law No. 10 of 2025, Article 18 requires reporting to the Financial Intelligence Unit.
For more details, consult the goAML reporting guidance or seek guidance from your AML compliance officer.