Page 531 - 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 - Middle East News 247

Summit highlighting the role of DNFBPs sector in

fighting financial crimes kicks off in Dubai

By PR News Desk 17/04/2025

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.

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