Page 506 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/22/25, 4:47 PM UAE highlights role of DNFBPs sector in fighting financial crimes in Dubai
UAE highlights role of DNFBPs sector in fighting financial crimes

in Dubai

More than seven key legislations and policies have been enacted within a mere four years,
specifically between 2020 and 2024

Moreover, several Memoranda of Understanding (MoUs) were signed, strengthening the UAE’s efforts to counter illicit finance
and enhancing compliance with international standards.
Published: Thu 17 Apr 2025, 11:06 AM
Under the patronage and in the presence of H.E. Abdulla bin Touq Al Marri, UAE minister of
Economy, and H.E. Ahmed Al Sayegh, UAE minister of State, the “Role of the DNFBPs Sector in
Fighting Financial Crimes” summit commenced in Dubai. Organized by the UAE Ministry of
Economy and the Executive Office for Control and Non-Proliferation (EOCN), this two-day event,
concluding today, Thursday, April 17, aims to showcase national efforts, emphasize the necessity for
enhanced compliance with international standards, and strengthen collaboration between the public
and private sectors in the fight against terrorism financing and the proliferation of arms.

The summit serves as a crucial platform to increase awareness regarding the updated national and
international requirements established by the Financial Action Task Force (FATF). It places
particular focus on customer due diligence and verification procedures in accordance with targeted
financial sanctions aimed at preventing terrorism financing and the proliferation of arms.
Additionally, the summit seeks to empower the DNFBPs sector, which includes real estate agents
and precious metals dealers, to effectively implement the latest regulatory measures.

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