Financial Services

What Jewellery Businesses Should Learn If you run a jewellery, gold, or precious stones business in the UAE, AML/CFT compliance is not a “bank-only” issue anymore. In the last several years, UAE authorities have actively inspected DNFBPs  (Designated Non-Financial Businesses and Professions) and issued meaningful administrative penalties, including cases that specifically involve gold and gemstones businesses. What the enforcement record is clearly telling the market A) Jewel

In the UAE, having policies isn’t enough. Regulators and auditors now test operational effectiveness  and evidence trails  under the UAE AML law and its Implementing Regulations, and inside the DIFC (Dubai International Financial Centre) under the regulator's DFSA rulebooks. If you can’t produce verifiable artefacts quickly (logs, registers, approvals, testing results), you don’t have a control environment; you have a document folder. Why evidence is the new battleground Stat