Page 528 - 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
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.

H.E. said:“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

https://menafn.com/1109440877/Summit-Highlighting-The-Role-Of-Dnfbps-Sector-In-Fighting-Financial-Crimes-Kicks-Off-In-Dubai 2/4