Page 41 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

Press Release

Ministry of Economy inks MoUs with key national entities to boost

cooperation in combating money laundering and financial crimes

Agreements define clear frameworks for technical cooperation, knowledge
exchange, and capacity building while ensuring data privacy compliance

Abu Dhabi, April 18, 2025: The Ministry of Economy signed a series of MoUs with several
competent national authorities in the field of anti-money laundering and countering terrorism
financing, including the Economic Security Centre of Dubai (ESCD) and the Dubai Land
Department (DLD). The agreements aim to strengthen national efforts in developing the regulatory
infrastructure, enhancing integrity and transparency systems, and improving mechanisms to
combat financial crimes in accordance with international best practices. The MoUs also facilitate
the exchange of data and information, while supporting the Ministry’s supervisory role under the
relevant national legislation.

The signing ceremony was held on the sidelines of the “Role of the Designated Non-Financial
Businesses and Professions (DNFBPs) Sector in Combating Financial Crimes" summit, which
took place recently in Dubai. It was attended by H.E. Abdulla bin Touq Al Marri, Minister of
Economy; H.E. Abdulla Sultan bin Awad Al Nuaimi, Minister of Justice; and H.E. Ahmed Al
Sayegh, Minister of State. The MoUs were signed by H.E. Abdulla Ahmed Al Saleh,
Undersecretary of the Ministry of Economy; H.E. Safeya Hashem Al Safi, Assistant
Undersecretary for the Commercial Control and Governance Sector; H.E. Faisal Yousef bin
Selaitin, CEO of the Economic Security Center of Dubai; and H.E. Majid Saqr Al Marri, CEO of
the Real Estate Registration Sector at the Dubai Land Department, along with other government
officials.

The initiative is part of continuing efforts to strengthen institutional integration and partnerships
to improve monitoring and compliance systems and facilitate the exchange of data among
signatories, in support of their shared objectives to counter financial crimes in the UAE.

The MoUs establish clearly defined frameworks for technical cooperation, capacity building, and
knowledge exchange, as well as secure data sharing mechanisms that ensure confidentiality and
compliance with relevant legal and regulatory frameworks.

Representatives of the signatory entities affirmed the importance of enhancing national efforts to
address the challenges of money laundering, terrorism financing, and the proliferation of weapons,