Page 795 - MOE ENGLISH PR REPORT - JANUARY 2025

1/16/25, 2:06 PM Ministry of Economy launches specialised training programme to enhance professional skills of compliance officers and employees …
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,” H.E. added.

H.E. 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 program 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.

The ICA is a leading global organisation that offers specialised training and professional

programmes in regulatory compliance and financial crime prevention. Since 2001, ICA has

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