Page 411 - MOET ENGLISH PR REPORT - JULY 2025

7/17/25, 2:45 PM Economic Integration Committee reviews digital integration of National Economic Register and strengthening of UAE’s financial and…
The meeting reviewed progress on enhancing the UAE’s regulatory and legislative environment,
including the digital integration of the National Economic Register (NER), strengthening compliance
among registration authorities, advancing collective management of music copyright, and implementing
priority initiatives to prepare for the 2027 FATF mutual evaluation.

H.E. Bin Touq emphasized that the Economic Integration Committee holds regular meetings to
coordinate efforts and strengthen institutional integration among the UAE’s economic entities. These
efforts support the development of compliance and control tools, safeguard the nation’s economic
reputation and international standing, enhance competitiveness, and position the UAE as a global

leader in proactive legislation for emerging economic sectors, in line with the ‘We the UAE 2031’ vision.

H.E. said: “The UAE achieved a significant milestone by being removed from the European Parliament’s
high-risk third country list, reflecting the efficiency of its regulatory ecosystem and its full adherence to
the highest international standards of anti-money laundering and countering the financing of terrorism
(AML/CFT). This achievement further strengthens the UAE’s reputation as a trusted and reliable global

economic hub.”

H.E. added: “This achievement is the result of sustained institutional efforts by all federal and local
entities, enhancing confidence in the national business environment, facilitating financial and
commercial transactions with European institutions, and opening up greater partnership and investment

opportunities with major global markets.”

Enhancing digital integration of National Economic Register

The Committee reviewed progress on the full digital integration between local licensing authorities and
the National Economic Register. A significant number of registrants across the UAE are already
integrated, with accurate beneficial ownership data captured, including for complex structures in line

with FATF requirements. The system has also been enhanced to cover additional legal arrangements
and provide regulatory entities with real-time, accurate data access.

Development of the regulatory and legislative framework for music copyright

The meeting also reviewed progress on strengthening the regulatory framework for collective
management of music copyrights, in cooperation with the World Intellectual Property Organization

(WIPO). This includes establishing a national task force with representatives from economic, cultural,
and media entities, and engaging with local economic development departments to incorporate
compliance standards into licensing conditions, thereby protecting authors’ rights and promoting fair-use
practices.

The Committee further reaffirmed its commitment to monitoring national efforts to enhance the financial

and legislative compliance framework. These efforts aim to foster a safe, transparent, and investment-
friendly economic environment, support national entrepreneurship, and improve the UAE’s standing in

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