AML supplemental guidance for dealers in precious metals and stones

AML supplemental guidance for dealers in precious metals and stones

AML supplemental guidance for dealers in precious metals and stones in UAE

Dealers in Precious Metals and Precious Stones (DPMS) are identified as Designated Non-Financial Business and Professions (DNFBPs) by Cabinet Decision No. (10) of 2019 Concerning the implementing regulation of decree law no. (20) of 2018 on anti-money laundering and combating the financing of terrorism and illegal organisations (the “AML-CFT Decision”), when they engage in carrying out any single monetary transaction, or several transactions which appear to be interrelated, whose value is equal to or greater than AED 55,000, and subjects them to specific AML/CFT obligations under the AML/CFT legislative and regulatory framework of the united Arab emirates. Download the supplemental guidance for Dealers in Precious Metals & Stones (DPMS).

Share via :

Share on facebook
Share on twitter
Share on linkedin

Our recent downloads

Contact us

Share via :

Share on facebook
Share on twitter
Share on linkedin