Page 530 - 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
consider a vital line of defense in combating financial crime – in this summit. This sector

plays a key role in shaping and implementing the requirements for control, counter-

terrorism and the proliferation of weapons.”

H.E. also commended the UAE's forward-looking approach to strengthening its legislative

framework, saying,“Over the recent years, the UAE has made significant strides in

updating its necessary legislative and operational systems to ensure full compliance with
international obligations related to targeted financial sanctions aimed at countering

terrorism financing and the proliferation of weapons.”

Highlighting EOCN's recent efforts in capacity building, H.E. Al Teneiji noted that the Office

has recently launched a specialized e-learning platform focused on targeted financial
sanctions. Additionally, there are programs, guidelines, explanatory videos, awareness

sessions, and presentations made available through the official website and

communication channels. H.E. also highlighted a recently completed national study,

developed in collaboration with both sectors, focused on assessing the risks associated
with the financing of weapons proliferation across the country. The sessions shared the

key findings from this study to contribute to mitigating risks associated with clients.

The two-day summit features a series of interactive discussions and studies of related
patterns, addressing the means for combating financial crime. Additionally, a number of

Memoranda of Understanding (MoUs) were signed, bolstering the UAE's efforts to

countering illicit finance and enhancing compliance with international standards.

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