Page 810 - MOE ENGLISH PR REPORT - JANUARY 2025

1/16/25, 2:06 PM Ministry of Economy launches programme to enhance professional skills in DNFBP sectors
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

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