Page 536 - 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 | Web Release
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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