News

The Executive Office for Control and Non-Proliferation (EOCN) and the Abu Dhabi Global Market Academy have signed a strategic Memorandum of Understanding to launch an e-learning platform designed to build capacities and enhance awareness among private-sector professionals working in the area of targeted financial sanctions (TFS). The initiative aligns with the UAE’s commitment to implementing the international standards of the Financial Action Task Force (FATF) related to TFS, countering the financing of arms proliferation, and preventing sanctions evasion.

Under the MoU, the two sides will enhance their cooperation through the provision of integrated technological solutions, including e-learning programs and technical certifications that support compliance pathways and the implementation of TFS. The agreement also covers the development of specialized and regularly updated training modules addressing the UAE’s legal framework, international compliance requirements, and the risks associated with proliferation financing and sanctions evasion.

The two parties further agreed on a joint framework for coordination, information sharing, and collaboration to meet the needs of financial institutions, designated non-financial businesses and professions, and virtual asset service providers. The framework aims to strengthen these entities’ understanding of targeted financial sanctions obligations through enrolment in the e-learning platform, as well as through joint awareness sessions on registration procedures and platform features.