Page 144 - MOET ENGLISH PR REPORT - JULY 2025

7/30/25, 3:49 PM Minister of Economy and Tourism and Governor of Palestine Monetary Authority discuss cooperation in AML/CFT efforts
H.E. Bin Touq emphasized that boosting UAE-Palestine cooperation across economic and developmental domains is
a key priority guided by the vision of the UAE's wise leadership. He said: 'The UAE has built a globally recognized
and leading model for combating financial crime. Our consistent efforts have bolstered the UAE's global standing as a
safe, stable, and competitive economy. As a result, the country has been removed from the Financial Action Task
Force (FATF) grey list, and more recently, from the European Parliament's list of high-risk third countries for money
laundering and terrorism financing.' He reiterated the Ministry's readiness to share the UAE's expertise to support the
efforts of the Palestinian Authority in this critical field.

The meeting also reviewed the Ministry's progress in developing the National Economic Register (NER), which now
stands as the UAE's largest digital platform for unified and verified commercial license data. The register integrates
requirements related to Ultimate Beneficial Ownership (UBO) in line with international standards, and enhances
oversight of Designated Non-Financial Businesses and Professions (DNFBPs), including real estate brokers and
agents, dealers in precious metals, independent accountants and auditors, and corporate service providers.

Both sides reaffirmed their commitment to strengthening cooperation and aligning efforts in sharing global best
practices for regulatory and supervisory frameworks to combat money laundering. They further emphasized the
importance of specialized training programs aimed at developing skilled human capital capable of proactively
detecting and addressing evolving financial crime patterns - an essential step in safeguarding financial integrity and
reinforcing confidence in both countries' economic systems.

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