Page 446 - MOE ENGLISH PR REPORT - AUGUST 2024

laundering and combat the financing of terrorism, in the precious stones and gold sectors. This
came into effect in January 2023.

“The Ministry is making continuous efforts to enhance its supervisory role over the designated non-
financial business sectors and professions in the country, represented by the activities of trading
and manufacturing precious metals and gemstones, the activities of real estate brokers,
establishments operating in the corporate service provider sector, and the activities of auditors, by
intensifying inspection campaigns to ensure the highest levels of compliance with the anti-money
laundering legislation in force in the country,” said Al Saleh.

https://www.msn.com/en-ae/news/national/uae-suspends-licences-of-32-gold-refineries/ar-
AA1ost72?ocid=BingNewsSerp#fullscreen