Dealers in precious metals and stones (DPMS) in the UAE fall within the anti-money laundering and counter-terrorist financing framework, and registration is an ongoing compliance obligation, not a one-time formality. A D S Management Tax Consultany LLC helps jewellery businesses, bullion traders, gemstone dealers, and other precious metals and stones businesses in Dubai, Abu Dhabi, and across the UAE establish and maintain the registration, documentation, and internal controls the current UAE AML regime expects.

What the AML Framework Requires from a DPMS Business

Under UAE AML regulations, DPMS businesses are Designated Non-Financial Businesses and Professions (DNFBPs), carrying the same core obligations as financial institutions, scaled to their business model and risk profile: customer due diligence, transaction monitoring, record-keeping, staff awareness, and suspicious transaction reporting through the goAML platform.

The AED 55,000 threshold is the most commonly referenced trigger in DPMS compliance, but treating it as a simple checkbox is a common and costly mistake. It applies to covered transactions, including where a customer’s purchase meets or exceeds AED 55,000, and to scenarios involving cash or cash equivalents regardless of amount. Structuring-deliberately splitting a transaction to avoid the threshold-is itself a red flag that must be escalated.

Who Needs DPMS Registration and Compliance Support

DPMS scope is broader than many assume. It covers dealers in gold, silver, platinum, and other precious metals, plus diamonds, rubies, emeralds, sapphires, and other precious stones, and businesses that trade, import, export, refine, or act as intermediaries in these goods.

A jewellery retailer selling finished pieces, a bullion trader dealing in investment-grade bars, a wholesale gemstone supplier, and a pawnbroker accepting precious metals as collateral can all fall within the DPMS definition. Even businesses where precious metals and stones are a secondary activity may need to assess whether their transaction patterns bring them into scope.

How a Risk-Based AML Program Works in Practice

A compliant DPMS business does not apply the same scrutiny to every customer. The UAE framework requires an Enterprise-Wide Risk Assessment (EWRA) documenting the money laundering and terrorist financing risks specific to the business, which then drives customer due diligence levels, transaction monitoring rules, and staff training priorities.

The EWRA should consider customer base, geographic exposure, product mix, delivery channels, and payment methods. A cash-heavy retail jeweller in a tourist area has a different risk profile than a wholesale dealer supplying institutional buyers through bank transfers; controls should reflect that difference.

What a DPMS Registration and Compliance Service Includes

A D S Management Tax Consultancy LLC provides practical support across the full compliance lifecycle, from initial assessment to ongoing monitoring and updates.

• Assessment of whether the business falls within the DPMS definition and what obligations apply

• Preparation and submission of AML registration documentation

• Development of an AML policy frame work tailored to the business’s actual operations

• Enterprise-Wide Risk Assessment documentation and periodic review

• Customer due diligence and KYC procedure design

• Suspicious transaction reporting guidance and goAML filing support

• Staff AML training sessions covering red flags, threshold rules, and reporting duties

• Record-keeping system recommendations that meet UAE retention requirements

Common Mistakes That Create Compliance Gaps

One frequent error is relying on outdated guidance. The UAE AML framework was updated in 2025, and policies written against 2018 or 2019 references may no longer align with current expectations. Another gap is treating the AED 55,000 threshold as the only trigger for customer due diligence, when cash transactions below that amount can still require scrutiny.

Businesses also underestimate documented staff training. A business can have a strong AML policy framework on paper, but if employees cannot recognise structuring or understand when to escalate a transaction, the framework has little practical value. Regulators look for evidence that training happened and that staff understood it.

Why ChooseA D S Management Tax Consultancy LLC for DPMS Compliance

A D S Management Tax Consultancy LLC works with UAE businesses across the DNFBP spectrum, including jewellers, bullion dealers, and gemstone traders. The firm’s approach is grounded in current UAE AML law and executive regulations, not legacy templates. Each engagement starts with an assessment of how the business actually operates, so documentation and controls are proportionate and usable rather than generic.

The team provides step-by-step guidance through registration, policy development, risk assessment, and ongoing compliance. Businesses that also need Corporate Tax Registration or E-Invoicing Consultation support can coordinate these services through the same firm, reducing the administrative burden of multiple providers.

How We Work

1. Initial consultation to understand the business model, customer base, and transaction patterns

2. Scope assessment to confirm DPMS applicability and identify compliance gaps

3. Document collection and review of existing policies, procedures, and records

4. Preparation of AML registration documentation and policy framework

5. EWRA completion and customer due diligence procedure design

6. Staff AML training and awareness sessions

7. Ongoing support for suspicious transaction reporting, record-keeping, and regulatory updates

For businesses unsure whether their activities fall within the DPMS definition, or those needing to refresh an existing compliance program, Contact A D S Management Tax Consultancy LLCfor a practical assessment. The earlier a business addresses its AML obligations, the lower the risk of regulatory scrutiny, penalties, or reputational damage. A well-documented compliance program is also a commercial asset, demonstrating to banks, suppliers, and customers that the business takes its legal duties seriously.