Page 787 - MOE ENGLISH PR REPORT - JANUARY 2025

the knowledge and skills of compliance professionals within the DNFBPs, focusing on the risks and
requirements of combating money laundering and terrorist financing.

“It aims to raise the level of compliance culture among the entities under the Ministry’s supervision
and to strengthen their role in combating money laundering and terrorist financing crimes. This is to
solidify the UAE’s position as a competitive economic hub that applies the highest standards of
financial integrity,” she added.

Safeya Al Safi emphasised that collaboration with the ICA marks a significant step towards training
compliance officers, who specialise in implementing the highest standards of compliance within
companies operating in the DNFBPs sectors, overseen by the Ministry of Economy.
These sectors include real estate agents and brokers, traders of precious metals and gemstones,
auditors, and corporate service providers, all adhering to international best practices. This initiative
will play a key role in fostering a stable economic environment and boosting confidence in the
country’s investment climate.
Under this first-of-its-kind initiative, certification titled ‘ICA/MoEc Certificate in AML/CFT DNFBPs’
will be awarded to compliance officers and private sector employees who successfully complete
the programme. This presents an ideal opportunity for DNFBP compliance officers, professionals
from other sectors, recent graduates, and stakeholders to develop their skills and learn global
standards for combating financial crimes.

The programme, which spans four months and features six core modules, offers an in-depth
exploration of key topics such as money laundering and terrorist financing, global standards and
compliance obligations, money laundering and terrorist financing risk assessment, due diligence
and enhanced due diligence, suspicious activity reporting requirements, targeted financial
sanctions guidelines, governance frameworks, and internal controls.

Training will be delivered through an interactive digital platform providing accessible study
materials. Participants can also attend virtual training sessions to prepare for the exam, with two
attempts to pass.

This programme is the outcome of a partnership between the UAE Ministry of Economy and the ICA,
aimed at supporting the UAE’s efforts to promote compliance and raise awareness about
combating money laundering, terrorist financing, and the proliferation of weapons in the DNFBP
sectors.

https://www.wam.ae/en/article/bhl4owh-ministry-economy-launches-programme-enhance