Gold and jewellery trading
Dubai is a global centre for gold and diamonds. Dealers in precious metals and stones have specific AML obligations.
Where to set up
- DMCC for bullion, diamonds and precious metals trading
- Mainland for retail jewellery shops, including in the Gold Souk
Compliance
Dealers in precious metals and stones must register on goAML, appoint a compliance officer, perform customer due diligence, report cash transactions above the set threshold and file suspicious transaction reports. See AML compliance.
Common questions
Are banks cautious with gold traders?
Yes. A documented compliance programme and clear supply chain are essential to open accounts.
Official sources
We check our guidance against these official sources. Always confirm current fees and rules before acting.