Under sponsorship and in the presence of Abdulla Bin Touq to the MARRI, Minister of Economy, and Ahmed al Sayegh, Minister of State, The “role of the DNFBPS sector in the fight against financial crimes” began in Dubai. Organized by the Ministry of Economy and the Executive Office of Control and Non -Proliferation (EOCN), the two -day event, which takes place on April 16 and 17, aims to highlight national efforts, underline the importance of improving the cooperation of stakes and the production of terrorism of Stectstert and the proliferation of weapons.
The Summit serves as a key platform to raise awareness about the updated national and international requirements established by the Financial Action Task Group (FATF), with an focus on the client’s diligence and verification procedures in the alignment terrforms directed. It also seeks to train the DNFBPS sector, which includes real estate agents and precious metal dealers, to implement the latest regulatory measures.
In your opening comments, He Abdulla Bin Touq to Marri, Minister of EconomyHe emphasized that the EAU, guided by the directives of his wise leadership, has adopted advanced strategies and laws with a future vision to build an integrated national framework to combat money laundering and terrorism finances. These efforts, aligned with global best practices, have significantly reinforced the global economic reputation of the EAU, reinforcing their status as a competitive economic center committed to the highest standards of integrity, transarence. And regulatory excellence.
Bin Touq pointed out that the EAU have introduced an integral set of laws and policies aimed at strengthening their framework for money laundering between the most advanced legislative systems worldwide. More than seven key laws and policies were promulgated in a period of only four years, specifically between 2020 and 2024. In addition, the EAU remain firm in their commitment to support global efforts for deep cooperation with partners at regional and international level.
He Said: “We Firmly Believe That the Private Sector, individually the dnfbps, Representes The First Line of Defense in the Fight Against Financial Crime. Essential Andpowits Essential Andpowits Essential and Empower Illicit Activities, Hold Offenders Accounts, Unlawful Proceds, and Enforce Relay SANCTIONS.
His excellence added: “The summit that occurs at a time when the regulatory and control environment to combat money laundering and counteract terrorism finances is experiencing rapid events. It serves as a key national platform for the intensive intensive intensive intensive sector and the private sector in the EAU.”
He continued: “Through this platform, our goal is to advance in joint collaboration to improve the preparation of non -financial companies and professions (DNFBP), and strengthen their alignment with recent adjustments to the methodology of the Financial Action Task Methodology (FATF). This will be achieved by promoting best practices and creating a platform for constructive dialogue in challenges in challenges and opportunities.
In his speech, Talal al Teneji, director of the Executive Office of Control and Non -Proliferation (EOCN), emphasized the collaborative nature of efforts to counteract financial crime. He said: “Addressing financial crimes is not just a matter of regulatory compliance; it is a shared responsibility that requires effective coordination between the public and private sectors, and throughout the international level.”
The Tekeiji 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 companies and the professional sector a strategic partner in a deeply deep summit.
Hello, he also praised the EAU’s view approach to strengthen their legislative framework, saying: “In recent years, EAU have made significant advances in the update of their necessary legislative and operational systems related to the complete complete commitment aimed at counteracting the financing of terrorism and the proliferation of weapons.”
Highlighting the recent EOCN efforts in capacities development, he no longer pointed out that the office has recently launched a specialized electronic learning platform focused on specific financial sanctions. In addition, there are programs, guidelines, explanatory videos, awareness sessions and presentations available through the official website and communication channels. Hello, a recently complete national study, developed in collaboration with both sectors, also focused on evaluating the risks associated with the finance of the proliferation of weapons throughout the country. The sessions shared the key findings of this study to contribute to mitigate the risks associated with customers.
The two -day summit presents a series of interactive discussions and studies of related patterns, addressing the means to combat financial crime. In addition, a series of comprehension memorandes (MOU) were signed, reinforcing the Eau efforts to hire illicit finances and improve compliance with international standards.
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