AML Compliance in the UAE: Let an Expert handle your DPMSR/REAR goAML compliance

Running a business in the UAE that deals with precious metals, stones, or real estate? Then you’ve likely heard of reports like DPMSR (Dealers in Precious Metals and Stones Report) or REAR (Real Estate Activity Report).

But here’s something that is troubling: many businesses either don’t understand how to file these reports properly or miss the deadlines entirely. This is where AML consultants in the UAE step in and make all the difference.

Let’s see how JCA’s (Jitendra Chartered Accountants) AML consultants help you prepare your reports accurately and on time.

1. Know What Needs Reporting

AML consultants first help identify which of your business transactions cross the legal threshold. For DPMSR, that’s usually:

•       Any cash transaction (with individuals or companies) of AED 55,000 or more
•       International wire transfers over the same amount
•       Advance cash payments or instalments
•       Transactions involving unfixed gold with cash

Most people don’t even realize that one of these transactions can correspond to a mandatory report. A consultant maps all your transactions, highlights the reportable ones, and flags them in time.

2. Prepare the Right Documents

It’s not just about reporting the transaction. You also need to collect and store documents like:

•       Emirates ID or passport (for residents and non-residents)
•       Trade license and ID of company representatives
•       Transaction receipts and payment proofs

AML consultants in Dubai make sure every document is in place. They help maintain files for at least five years, which is the legal requirement. That way, if there’s an audit or a query, you’re ready.

3. Register on goAML

Before submitting any reports, your business must be registered on the goAML platform. This process includes:

•       Applying via the FIU (Financial Intelligence Unit) system
•       Submitting company documents and ID proofs
•       Setting up Google Authenticator for login

If you haven’t done it already, a consultant will guide or handle the entire setup.

3. Timely Filing of DPMSR or REAR

The authorities say you have to submit a DPMSR as soon as the transaction meets reporting threshold from the date of payment or receipt.

Consultants make sure:

•       Reports are submitted on time
•       Entries are accurate and complete
•       Any errors or missing data are caught before submission

For REAR (in real estate), similar rules apply transactions involving large sums must be reported through goAML. Consultants help prepare these reports too, ensuring nothing is overlooked.

5. Avoid Common Mistakes

AML consultants in the UAE have hands-on experience. They know what triggers investigations or fines, including:

•       Reporting wrong amounts
•       Submitting reports late
•       Missing ID documents
•       Forgetting international wire transfer details

They review each report before submission and double-check that you’ve met every single requirement.

6. Stay AML Compliant in Other Areas

Filing DPMSR or REAR is just one part of AML compliance. Consultants help with:

•       KYC verification
•       Risk assessments
•       Reporting suspicious activities (STR/SAR)
•       Freeze reports and potential name match reports

This means you’re protected from all sides, not just in one type of report.

7. Protect Your Business from Fines and Shutdowns

Failing to file reports or breaking AML rules can cost you.

•       Fines up to AED 5,000,000
•       Loss of license
•       Reputational damage

Hiring an AML consultant in Dubai is a smart way to avoid these risks. They make sure your business is always one step ahead of the law.

8. Addressing FIU Queries or AML Alerts

If you receive an AML alert from the authorities, it is because something in your report or transaction raised a red flag. AML consultants assist with:

•       Replying to the FIU for you
•       Requesting clarification of transaction information and compliance measures
•       Supporting follow-up inquiries or explanations

This relieves pressure from your team and prevents panic or delay.

How can JCA (Jitendra Chartered Accountants) help?

If you’re in the precious metals, stones, or real estate business, you can’t afford to guess your way through goAML reporting. A small mistake today can damage your business tomorrow.

Hiring our reliable AML consultants in the UAE means peace of mind. You save time, avoid penalties, and build trust with regulators. Make the smart move and get our expert help at JCA to stay compliant