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7/30/25, 3:50 PM UAE and Palestine Strengthen Cooperation in Anti-Money Laundering and Financial Crime Prevention

Government

Jul 29, 2025 202 20

UAE And Palestine Strengthen Cooperation In Anti-Money

Laundering And Financial Crime Prevention

In a move to deepen collaboration in combating financial crimes, H.E. Abdulla bin Touq Al Marri, UAE 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. The high-level meeting focused on advancing bilateral cooperation in anti-money laundering (AML) and counter-terrorism
financing (CFT) frameworks.

Also present at the meeting was H.E. Safia Al Safi, Assistant Undersecretary for the Commercial Control and Governance Sector at the
Ministry of Economy.
Strengthening Financial Oversight And Stability

The discussions covered global trends in financial crime prevention, the growing risks of money laundering, and its potential to
undermine economic stability and financial system integrity. H.E. Bin Touq briefed the Palestinian delegation on the UAE’s leading
legislative and regulatory measures, highlighting continuous efforts to modernize frameworks in line with international standards.

“The UAE has built a globally recognized model for combating financial crime,” said Bin Touq. “Through the
modernization of our frameworks, we have enhanced market compliance and strengthened the UAE’s position as
a secure and competitive economy.”

UAE's Progress And Global Recognition
H.E. Bin Touq noted that the UAE's robust reforms have resulted in major international milestones, including its removal from the FATF grey
list and more recently, from the European Parliament’s list of high-risk third countries for money laundering and terrorism financing.

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