UAE compliance guide
DNFBP compliance in the UAE
What a DNFBP is in the UAE, which businesses count, and the core AML duties: customer due diligence, screening, record keeping and reporting.
Short answer
A DNFBP is a designated non-financial business or profession. In the UAE this covers sectors such as real estate agents and brokers, dealers in precious metals and stones, lawyers, notaries, accountants, auditors and corporate service providers. DNFBPs must apply AML/CFT controls including customer due diligence, sanctions screening, record keeping and suspicious transaction reporting.
Last reviewed by the ITSEC compliance team. General information, not legal advice.
Who supervises DNFBPs in the UAE?
Supervision depends on the sector and jurisdiction, including the Ministry of Economy for many mainland DNFBPs and the relevant free-zone authorities. Check which supervisor applies to your license.
What must a DNFBP do?
Identify and verify customers and beneficial owners, screen against sanctions lists, assess risk, keep records, register on goAML and report suspicious activity.
Frequently asked questions
- What does DNFBP stand for?
- Designated non-financial businesses and professions.
- Do DNFBPs need to register on goAML?
- UAE DNFBPs are expected to register on the goAML platform for reporting. Confirm with your supervisor.
Official sources
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