Page 152 - MOET ENGLISH PR REPORT - JULY 2025

7/30/25, 3:50 PM Minister Of Economy And Tourism And Governor Of Palestine Monetary Authority Discuss Cooperation In AML/CFT Efforts
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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