Page 105 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

Press Release

Ministry of Economy and Dubai Police sign MoU to enhance

cooperation in developing compliance mechanisms for AML/CFT
requirements

Partnership with Dubai Police supports the Ministry's efforts to combat financial
crimes through enhanced institutional integration

Abu Dhabi, xx May 2025:

The Ministry of Economy signed a Memorandum of Understanding (MoU) with Dubai Police
General Command to strengthen cooperation and coordination in developing compliance
mechanisms for anti-money laundering (AML) and combatting the financing of terrorism (CFT)
requirements. The agreement facilitates the exchange and integration of information between the
two entities, thus enhancing supervisory roles within the national legislative framework.

The MoU was signed on the sidelines of the fourth edition of the World Police Summit, held at
the Dubai World Trade Centre under the patronage of His Highness Sheikh Mohammed bin Rashid
Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The agreement
was signed by H.E. Safia Hashim Al Safi, Assistant Undersecretary for Commercial Control and
Governance at the Ministry of Economy, and H.E. Major General Expert Khalil Ibrahim Al
Mansoori, Assistant Commander-in-Chief for Criminal Investigation Affairs at Dubai Police.

H.E. Safia Al Safi emphasised that the UAE has made significant strides in developing advanced
strategies, policies, and legislation to combat money laundering and terrorism financing in line
with the highest international standards. This has further reinforced the national economy's
position as a competitive trade and business hub committed to the highest standards of integrity
and transparency. H.E. noted that the partnership with Dubai Police aligns with the Ministry's
vision to enhance collaboration with federal and local entities, thereby strengthening the national
framework and developing mechanisms to combat financial crimes and enhance regulatory
infrastructure in accordance with relevant international standards.

H.E. Safia Al Safi explained that the MoU establishes a sustainable institutional framework
between the Ministry and Dubai Police to collaborate on various AML/CFT procedures within the
country, including control, inspection, and monitoring of illicit activities. This partnership aims to
elevate the efficiency of control and follow-up systems and serves shared objectives in combating
financial crimes within the country.

Supporting national efforts