Designated Non-Financial Businesses & Professions(DNFBPs) if they are not Registered in goAML& and Avoided to Penalties
The Ministry of Economy as the Regulator of the following sectors: 1. Real estate brokers and agents. 2. Dealers in of precious metals and stones. 3. Account auditors. 4. Company Services Providers.
Anti-Money Laundering Department works with you to enforce Anti-Money Laundering and Combating
Financing of Terrorist (AML/CTF) legislation, Pursuant to:- Federal Decree-law No. (20) of 2018 On Anti-
Money Laundering And Combating The Financing Of Terrorism And Financing Of Illegal Organizations.
– 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 Financing Of Illegal
Organizations. – Cabinet Decision No. (58) of 2020 Regulating the Beneficiary Owner Procedure.
– Cabinet Decision No. (74) of 2020 Regarding, Terrorism Lists Regulation and Implementation of
UN Security Council Resolutions on the Suppression and Combating of Terrorism,
Terrorists Financing & Proliferation of Weapons of Mass Destruction, and Related Resolutions
Carrying out occasional transactions in favour of a Customer for amounts equal to or exceeding AED
55,000, whether the transaction is carried out in a single transaction or in several transactions that appear
to be linked;
3. Carrying out occasional transactions in the form of Wire Transfers for amounts equal to or exceeding
4. Where there is a suspicion of the Crime.