Page 413 - 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…
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.

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