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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

Minister Of Economy And Tourism And Governor Of Palestine

Monetary Authority Discuss Cooperation In AML/CFT Efforts

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2025-07-29 07:14:20

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

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