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4/22/25, 4:47 PM Summit highlighting the role of DNFBPs sector in fighting financial crimes kicks off in Dubai - Business - Economy and Finance - E…
Summit highlighting the role of DNFBPs sector in

fighting financial crimes kicks off in Dubai

Published Thursday, April 17, 2025 By E247

Under the patronage and in the presence of H.E. Abdulla bin Touq Al Marri, Minister of Economy, and H.E. Ahmed Al Sayegh,
Minister of State, the “Role of the DNFBPs Sector in Fighting Financial Crimes” summit kicked off in Dubai. Organised by the Ministry
of Economy and the Executive Office for Control and Non-Proliferation (EOCN), the two-day event, taking place on April 16 and 17,
aims to highlight national efforts, underscore the importance of enhanced compliance with international standards, and strengthen
.cooperation between the public and private sectors in combating terrorism financing and the proliferation of arms

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

In his opening remarks, H.E. Abdulla bin Touq Al Marri, Minister of Economy, emphasized that the UAE, guided by the directives of
its wise leadership, has adopted advanced and forward-thinking strategies and legislations to build an integrated national framework to
combat money laundering and terrorism financing. These efforts, aligned with global best practices, have significantly bolstered the
UAE’s global economic reputation, reinforcing its status as a competitive economic hub committed to the highest standards of integrity,
transparency, and regulatory excellence in financial and commercial oversight.

H.E. Bin Touq noted that the UAE has introduced a comprehensive set of legislations and policies aimed at reinforcing its anti-money
laundering framework—positioning it among the most advanced legislative systems globally. More than seven key legislations and
policies were enacted within a span of just four years, specifically between 2020 and 2024. Furthermore, the UAE remains steadfast in
its commitment to supporting global efforts to combat financial crimes by adhering to the standards of the Financial Action Task Force

(FATF) and deepening cooperation with partners at both the regional and international levels.

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