Within how many days must a UAE dealer in precious metals and stones file a DPMSR?
A UAE dealer in precious metals and stones must file a Dealers in Precious Metals and Stones Report (DPMSR) on the goAML portal within two weeks of the qualifying transaction taking place. The clock starts on the date the designated transaction is completed, so dealers should build a prompt internal escalation and filing routine rather than batching reports at month-end.
Where a customer pays by instalments, the reporting duty is assessed against the accumulated value: once linked instalment payments reach or exceed the AED 55,000 threshold, the dealer must report within the two-week window measured from the transaction that crosses the threshold. Late filing, or failure to file at all, is treated as a compliance breach and can attract administrative penalties from the supervisory authority.
Meeting the deadline depends on being registered on goAML in advance and keeping complete customer and transaction records ready to attach. Suspicion-based reporting is separate and has no fixed monetary threshold; a Suspicious Transaction Report must be made without delay.
Legal Reference (UAE):
· Federal Decree-Law No. 10 of 2025, Article 18(1) — obligation to report suspicious transactions to the FIU without delay, regardless of value.
· Cabinet Resolution No. 134 of 2025, Article 25 — records supporting reports must be retained for at least five years.
For more details, consult the full text of Federal Decree-Law No. 10 of 2025 or seek guidance from your AML compliance officer.