The UAE is one of the world's most significant gold trading and refining hubs, with Dubai's gold market occupying a unique position in the global precious metals supply chain. Businesses involved in gold trading, refining, jewellery manufacturing and bullion holding face a compliance environment that is both highly specific and heavily scrutinised, encompassing customs duty regulations, VAT treatment of investment gold, AML obligations under UAE federal law, and the audit and certification requirements of the DMCC and other relevant authorities.
CashLaw Global's gold audit practice provides specialist audit and verification services for UAE businesses in the gold and precious metals sector. Our engagements cover physical gold inventory counts and reconciliation against holding records, valuation of gold stock at prevailing spot prices, review of trading transaction documentation for AML compliance, VAT treatment assessment for different categories of gold supply, and audit reports prepared to the standards required by DMCC and other UAE gold sector regulators.
Book a free consultation with our team and get expert guidance on gold audit in the UAE.
Book Free ConsultationGold and precious metal audits require verifying physical weights against highly precise inventory tracking scales, evaluating purity grade valuations, auditing metal account balances, and ensuring full compliance with the UAE's Due Diligence Regulations for Responsible Sourcing of Gold.
Yes. Gold and precious stones dealers are classified as Designated Non-Financial Businesses and Professions (DNFBPs). Consequently, their audits must assess not only financial balances but also AML compliance, transactions exceeding cash thresholds, and suspicious transaction filing logs.
We execute simultaneous, unannounced vault count supervisions, verify custodial gold certificates, assess assay reports for purity verification, and cross-reference physical bars with serial number asset logs.