Page 522 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/22/25, 4:48 PM Summit highlighting the role of DNFBPs sector in fighting financial crimes kicks off in Dubai

Summit highlighting the role of DNFBPs sector in

fighting financial crimes kicks off in Dubai

Organized by the Ministry of Economy and the Executive Office for Control and Non-Proliferation

Dubai, April 17, 2025: 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
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