The United Arab Emirates Ministry of Economy published details of three workshops aimed at strengthening legislative compliance among designated non-financial businesses and professions and raising awareness of financial crime risks and prevention measures. The sessions focused on the main legislative and regulatory changes introduced by Federal Decree-Law No. 10 of 2025 on combating money laundering, terrorist financing and proliferation financing, its implementing regulation and related decisions, compared with the previous framework. The workshops highlighted tighter beneficial ownership requirements, stronger oversight and governance of virtual assets, and the practical implications for the national supervisory and financial analysis framework. They also covered internal controls, suspicious transaction and operation reporting requirements, the use of technology in compliance and early risk detection, and the legal framework for breaches of anti-money laundering and counter-terrorist financing requirements, including related administrative measures and the minimum and maximum penalties applied to violators. According to the ministry, it has also developed a technical system to assess and classify risks across the designated non-financial businesses and professions sectors, helping to unify procedures and requirements for the national assessment file, including beneficial ownership arrangements. The private sector participants covered real estate brokers and agents, dealers in precious metals and precious stones, independent accountants, auditors and company service providers.

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