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1/16/25, 2:06 PM Ministry of Economy launches specialised training programme to enhance professional skills - Middle East News 247
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

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 empowered over 180,000
professionals worldwide by enhancing their knowledge, skills, and professional conduct through its
comprehensive and diverse range of programmes.

For more information about the training programme and to register, please visit the Professional Certificate
section on Combatting Money Laundering & Terrorism Financing on the Ministry of Economy’s website via

the following link: https://www.moec.gov.ae/professional-certificate.

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