The UAE hosts the summit of combating financial crimes with the participation of the specified non -financial business sector and professions

The UAE is preparing to host the summit of the “role of the business sector and the non -financial professions specified in combating financial crimes” organized by the Ministry of Economy and the Executive Office for Control and the prohibition of proliferation from 16 to 17 April 2025 in Dubai.

The summit will highlight the efforts to combat terrorist financing and the financing of the spread of arms, by enhancing compliance and cooperation between the public and private sectors.

The summit comes as a major platform for increasing awareness of the updated national and international requirements approved by the Financial Working Group (FAF), and focusing on procedures for identifying and verifying customers according to the requirements of the targeted financial sanctions concerned in combating terrorist financing and the spread of arms.

The summit aims to enable the non -financial business sector and the specified financial professions – including real estate agents and precious metal merchants – to effectively apply the latest regulatory measures.

In this regard, Talal Al -Tunaiji, Director of the Executive Office for Control and the Prohibition of Proliferation, stressed the importance of the summit in strengthening the partnership between the public and private sector and compliance with the national requirements concerned with combating the financing of terrorism and the spread of arms.

He pointed out that the study of evaluating the risk of terrorist financing and the spread of arms is a crucial element in strengthening national efforts to combat financial crimes.

Al -Tunai said: “This summit affirms the UAE’s keenness to comply with international standards, as it reflects the ongoing efforts made by the national authorities and the private sector to enhance the legislative framework to combat money laundering and financing and spreading arms in the country.”
He added that cooperation between the public and private sectors plays a pivotal role in improving the system of reporting suspicious activities and combating evasion of sanctions.

He explained that by strengthening partnerships, we can ensure the accuracy, completion and effectiveness of the data derived from the specified non -financial business sector and professions, which directly supports our national efforts in combating illegal financing and contributes to building a more transparent and sustainable financial system.

Al -Tunaiji also pointed to the ongoing efforts made by the UAE government through law enforcement agencies and the financial information unit, stressing that the goal is to work in hand to protect and stabilize the financial system.

He pointed out that this summit is part of the ongoing efforts to build strong partnerships between the public and private sectors in combating financial crimes.

The two -day summit, a series of interactive discussions and associated patterns studies that deal with ways to address financial crimes. These sessions will play a pivotal role in enhancing the high -level state’s commitment in combating illegal financing, and ensuring that it is harmonious with international standards.