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1/16/25, 2:06 PM Ministry Of Economy Launches Programme To Enhance Professional Skills In DNFBP Sectors | Pakistan Point

Ministry Of Economy Launches

Programme To Enhance Professional

Skills In DNFBP Sectors

8 days ago

ABU DHABI, (Pakistan Point News - 08th Jan, 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.

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

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