Who Must Comply? Understanding DNFBPs in the UAE
A wide range of businesses are classified as Designated Non-Financial Businesses and Professions (DNFBPs) under UAE law. These industries are considered high-risk and are subject to strict AML regulations and ongoing regulatory scrutiny.
These sectors are under increasing scrutiny from UAE regulators. AML compliance for real estate in Dubai and AML for gold traders in the UAE are among the highest-priority enforcement areas.
If your business falls into any of the following categories, you are legally required to implement a fully operational AML/CTF compliance programme:
- Real Estate Brokers and Developers — including agents handling property transactions in Dubai
- Dealers in Precious Metals and Stones — including gold traders, jewellers, and gemstone dealers
- Company Formation and Corporate Service Providers — assisting with the establishment or management of legal entities
- Accounting, Audit, and Advisory Firms — providing financial, tax, or corporate advisory services
- Other High-Value Transaction Businesses — any business regularly handling large-value cash or asset transactions
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