Page 533 - 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
These efforts aim to establish a culture of corporate compliance and achieve the highest levels of
sustainability.”

In his speech, H.E. Talal Al Teneiji, Director of the Executive Office for Control and Non-proliferation (EOCN),
emphasized the collaborative nature of efforts to counter financial crime. He said: “Addressing financial

crimes is not just a regulatory compliance matter; it is a shared responsibility that requires effective
coordination among the public and private sectors, and across the international level.”

Al Teneiji highlighted the strategic importance of the DNFBP sector, saying, “We are proud of the valuable
participation of the country’s government entities and the Designated Non-Financial Businesses and

Professions sector- a strategic partner we value deeply and 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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