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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

AML/CFT isn’t a “bank problem.” The UAE explicitly regulates DNFBPs (Designated Non-Financial Businesses and Professions) and sets expectations on risk assessments, customer/vendor due diligence, sanctions screening, monitoring and recordkeeping. If your business accepts cash, issues refunds, or uses layered subcontractors, your exposure is real, and regulators increasingly expect proportionate controls with evidence. Sector risk snapshots (practical, not theoretical) Health