MoET AML compliance services for DNFBPs in the UAE
The Ministry of Economy and Tourism supervises a range of Designated Non-Financial Businesses and Professions for AML purposes across mainland UAE and commercial free zones. These include real estate agents, auditors, accountants, corporate service providers and dealers in precious metals and precious stones.
Who this covers
Adventant supports these businesses with practical AML controls that suit their size and sector: knowing their customers, recording decisions, recognising unusual activity and reporting concerns. We begin by confirming which requirements apply to your licensed activities.
Supervised DNFBPs
Common AML control areas
- A designated compliance officer with appropriate seniority
- A business risk assessment covering your customers, services and geographies
- Customer due diligence, including identifying beneficial owners of corporate customers
- Sanctions and PEP screening with a record of how matches were reviewed
- Awareness of the cash-intensive and high-value transactions typical of your sector
- Suspicious activity reporting and sector-specific reports through goAML
- Staff training and record-keeping
These are common control areas rather than identical rules for every institution. The specific requirements depend on your licence category and the guidance your supervisor has issued.
Relevant services
All 11 Adventant services are available to businesses supervised by the MoET. They are listed in the order that usually matters most for this regulator, and the scope is agreed with your team before work begins.
Frequently asked questions
Which businesses does MoET supervise for AML?
MoET supervises DNFBPs including real estate agents, auditors, accountants, corporate service providers and dealers in precious metals and precious stones across mainland UAE and commercial free zones. Your licence and activities determine whether it applies to you.
Do MoET-supervised businesses need a compliance officer?
Supervised businesses are generally expected to appoint a suitably qualified compliance officer. Whether an external appointment is permitted depends on the current rules and any notification needed, and we confirm the position for your business.
Which goAML reports apply to real estate agents and precious metals dealers?
These sectors have report types specific to their activities in addition to suspicious activity reporting. We help you confirm which apply to your business.
Official regulatory resources
- Ministry of Economy and Tourism
- UAE Financial Intelligence Unit (goAML)
- Executive Office for Control and Non-Proliferation
This is general information, not legal advice. Requirements change, so check the current guidance with your supervisor.