Page 156 - 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 - Middle E…
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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