Page 793 - MOE ENGLISH PR REPORT - JANUARY 2025

1/16/25, 2:05 PM UAE: Ministry of Economy launches programme to enhance professional skills in DNFBP sectors
an attractive climate for business and investment across various sectors while promoting a resilient and
forward-looking economic model that ensures stability and aligns with future trends.

Safeya Hashem Al Safi, Acting Assistant Under-Secretary for the Commercial Control and Governance
Sector, stated that the programme is part of the Ministry’s ongoing efforts to enhance 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.

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