Registered DNFBP Compliance & UAE Ministry Supervision
HFM Gold Trading LLC operates as a registered Designated Non-Financial Business and Profession (DNFBP) under the supervision of the UAE Ministry of Economy (MoE). Our AML/CFT compliance framework is designed to support responsible gold trading by applying internationally recognized compliance standards throughout every transaction.
We use institutional-grade screening technology together with Know Your Counterparty (KYC) procedures to verify suppliers involved in transactions for Gold Dore Bars , Alluvial Gold, and Gold Bullion Bars, while supporting responsible sourcing throughout the international gold supply chain.
Framework
Regulatory Authority & Supervision
UAE Ministry of Economy
Official Supervisory Authority
HFM Gold is regulated by the UAE Ministry of Economy (MoE), the official supervisory authority for Dealers in Precious Metals and Stones (DPMS), ensuring compliance with the UAE's regulatory framework for the precious metals sector.
DNFBP Registration
AML/CFT Compliance
HFM Gold operates as a registered Designated Non-Financial Business and Profession (DNFBP) and complies with UAE Federal Decree-Law No. (20) of 2018, implementing risk-based AML/CFT procedures and regulatory compliance requirements.
goAML Reporting
Financial Intelligence Reporting
We actively use the UAE Financial Intelligence Unit's goAML platform to submit Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) whenever reporting obligations apply, supporting transparency and responsible gold trading.
Cash Reporting Threshold
Mandatory Transaction Declaration
In accordance with UAE FIU regulations, all cash transactions equal to or exceeding AED 55,000 (approximately USD 15,000) are formally declared and reported through the applicable regulatory reporting framework.
Screening & Risk Management
HFM Gold uses World-Check One by LSEG (London Stock Exchange Group) together with the goAML platform to carry out automated, real-time screening of suppliers, corporate directors, and Ultimate Beneficial Owners (UBOs).
Our screening process supports risk management and helps ensure that transactions comply with applicable UAE and international compliance requirements.
Primary Screening Databases
The following databases are screened as part of our compliance process:
UAE Domestic List
Local Terrorist List maintained by the Executive Office for Control and Non-Proliferation (EOCN).
United Nations Security Council (UNSC)
Global sanctions listings.
US OFAC
Specially Designated Nationals (SDN) and Blocked Persons lists.
European Union & United Kingdom (HM Treasury)
Consolidated financial sanctions targets.
Specialized Screening
Politically Exposed Persons (PEP) databases, adverse media, and international police lists, including Interpol and Europol.
Jurisdictional Exclusion Policy
To comply with the UAE Ministry of Economy's Responsible Sourcing Regulations, HFM Gold applies a zero-tolerance policy for transactions involving specific high-risk jurisdictions.
Restricted Jurisdictions
Comprehensive Sanctions
Conflict Financing
Illicit Extraction
Transshipment Risks
Ready to Establish a Compliant Trading Relationship?
Our compliance specialists will guide you through KYC/KYB verification, due diligence requirements, and onboarding procedures to ensure a secure and efficient approval process.
Onboarding & Document Review
Onboarding & Document Review
HFM Gold provides a pre-shipment documentation review to help ensure that export documentation and mining certificates meet international compliance requirements before cargo leaves the country of origin.
View documentation requirementsStandard KYC Turnaround
The standard turnaround time for KYC review is 48 to 72 hours (2 to 3 business days) from the receipt of a complete documentation file.
Chain of Custody
Every transaction requires full traceability from the mine site through to the destination laboratory in Dubai.
Compliance Record
HFM Gold maintains a compliance record with zero enforcement actions, fines, or operational suspensions.
Questions
Frequently Asked Questions
No. The UAE Central Bank supervises financial institutions. As a Dealer in Precious Metals and Stones (DPMS), HFM Gold is registered as a Designated Non-Financial Business and Profession (DNFBP) and operates under the supervision of the UAE Ministry of Economy (MoE).
HFM Gold follows the OECD 5-Step Due Diligence Framework as the foundation of its responsible sourcing approach. This framework supports the review of environmental standards, human rights compliance, and conflict financing risks throughout the supply chain.
Any hand-carried declaration submitted for review is subject to HFM Gold's standard KYC and AML screening procedures. In addition, any cash transaction equal to or exceeding AED 55,000 is reported through the goAML platform in accordance with applicable UAE regulations.
Suppliers must complete HFM Gold's onboarding process and provide all required compliance documentation, including KYC/KYB records, mining and export licenses, beneficial ownership information, and supporting shipment documents before cargo departs the country of origin.
Final settlement is based on the agreed pricing mechanism, the independently verified assay results, and the payable gold content after applicable refining, logistics, and contractual deductions have been applied.
Initiate Corporate Onboarding
Ensure your gold assets move through a fully compliant, UAE-regulated framework. Contact our compliance desk to begin your KYC registration or request a document review.
Private Consultation
For alluvial gold inquiries or to begin the three-stage onboarding process, coordinate directly with HFM Gold Compliance Department.
106, Gold Land Building, Dubai, UAE
+971561313625
info@hfmgold.com