Page 508 - 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
standards of integrity, transparency, and regulatory excellence in financial and commercial
oversight.

H.E. Bin Touq further noted that the UAE has introduced a comprehensive array of legislations and
policies designed to bolster its anti-money laundering framework—placing it among the most
advanced legislative systems globally. More than seven key legislations and policies have been
enacted within a mere four years, specifically between 2020 and 2024. Furthermore, the UAE
remains resolute in its commitment to supporting global efforts to combat financial crimes by
adhering to the standards set by the Financial Action Task Force (FATF) and deepening cooperation
with partners at both regional and international levels.

Read more: Next50 initiative discusses promoting UAE companies’ access to investment
opportunities in new economy sectors

The role of DNFBPs

H.E. stated: “We firmly believe that the private sector, particularly the DNFBPs, represents the first
line of defense in the fight against financial crimes. Their proactive role in promptly identifying and
reporting suspicious transactions is essential to empowering the competent authorities to detect and
investigate illicit activities, hold offenders accountable, seize unlawful proceeds, and enforce
relevant sanctions. These efforts play a critical role in cultivating a secure and transparent business
ecosystem and maintaining a stable economic environment—further enhancing the UAE’s standing
as a safe, reliable, and attractive destination for investment, both regionally and globally.”

Strengthening dialogue and collaboration

His Excellency added: “The summit is happening at a time when the regulatory and control
environment for combating money laundering and countering terrorism financing is undergoing
rapid developments. It serves as a key national platform for strengthening dialogue, enhancing
communication, and fostering integration between regulatory bodies and the private sector across
the UAE.”

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