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7/30/25, 3:50 PM Minister of Economy and Tourism and Governor of Palestine Monetary Authority discuss cooperation in AML/CFT efforts - Middle E…
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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