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6/12/25, 3:30 PM Ministry of Economy and Dubai Police Sign MoU to Strengthen AML/CFT Compliance Frameworks

Government

Jun 09, 2025 202 20

Ministry Of Economy And Dubai Police Sign MoU To Strengthen

AML/CFT Compliance Frameworks

The Ministry of Economy and Dubai Police General Command have signed a Memorandum of Understanding (MoU) to boost cooperation in
the development of compliance mechanisms aligned with anti-money laundering (AML) and combatting the financing of terrorism (CFT)
requirements.

Signed during the fourth edition of the World Police Summit at the Dubai World Trade Centre—under the patronage of His Highness Sheikh
Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai—the MoU aims to enhance
information sharing, institutional integration, and supervisory functions within the UAE’s national legislative framework.
H.E. Safia Hashim Al Safi, Assistant Undersecretary for Commercial Control and Governance at the Ministry of Economy, and H.E. Major
General Expert Khalil Ibrahim Al Mansoori, Assistant Commander-in-Chief for Criminal Investigation Affairs at Dubai Police, represented their
respective entities in signing the agreement.

H.E. Al Safi highlighted the UAE’s ongoing efforts in advancing legal and regulatory frameworks to counter financial crimes. “This partnership
with Dubai Police is in line with the Ministry's broader vision to foster closer coordination with both federal and local authorities. It enhances
our capabilities to enforce AML/CFT procedures and strengthens the nation’s integrity as a global business hub,” she said.

She further added that the MoU establishes a long-term collaborative framework between the Ministry and Dubai Police to monitor and
inspect suspicious financial activities more effectively. The partnership also seeks to improve control mechanisms and align them with
international compliance standards.

Echoing this sentiment, H.E. Major General Al Mansoori stated, “This MoU represents a vital step toward reinforcing institutional synergy
across various national entities. Dubai Police remains dedicated to supporting anti-financial crime initiatives by upgrading its research,
investigative, and analytical capacities, ensuring that our practices remain in sync with global standards.”

He also emphasized the importance of unifying expertise and leveraging smart technologies to create a more secure financial environment.

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