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1/16/25, 2:06 PM Latest News

Ministry of Economy launches specialised training

programme to enhance professional skills of

compliance officers and employees in DNFBP

sectors

09/01/2025

In collaboration with ICA

>> H.E. Safeya Al Safi: The programme is part of the Ministry’s efforts to enhance awareness of the risks and

requirements associated with combating money laundering and countering the financing of terrorism in
accordance with global best practices.

Abu Dhabi, 08 January 2025 -The Ministry of Economy has launched a specialised training programme

aimed at developing capacities, professional skills, and compliance awareness among compliance officers in
Designated Non-Financial Businesses and Professions (DNFBPs), under its supervision, and private sector

employees to combat money laundering and counter the financing of terrorism.

This initiative, developed in collaboration with the International Compliance Association (ICA), is designed to

create a safe environment for conducting and establishing businesses. It seeks to provide 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.

Her Excellency Safeya Hashem Al Safi, Acting Assistant Undersecretary 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,” 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

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