Page 145 - 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

Minister of Economy and Tourism and Governor of Palestine Monetary
Authority discuss cooperation in AML/CFT efforts

H.E. Bin Touq briefs Palestinian side on UAE’s leading legislative and regulatory framework to combat money laundering

Abu Dhabi, 29 July 2025:
H.E. Abdulla bin Touq Al Marri, Minister of Economy and Tourism, met with H.E. Yahya Shunnar, Governor of the Palestine Monetary
Authority and Chairman of the National Committee for Anti-Money Laundering, to explore new avenues for enhancing economic and
development cooperation, particularly in the area of financial crime prevention systems. The meeting was also attended by H.E. Safia
Al Safi, Assistant Undersecretary for the Commercial Control and Governance Sector at the Ministry.
During the meeting, both sides reviewed the latest global developments in combating financial crimes and discussed the growing
risks that money laundering poses to economic stability and the integrity of financial systems. H.E. Bin Touq highlighted the UAE’s
pioneering efforts in this area, sharing insights into the country's continuous work to enhance and modernize its legislative and
regulatory frameworks. He emphasized that these reforms have played a critical role in bolstering compliance with international laws
and standards across the UAE’s markets.

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

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