Page 731 - MOET ENGLISH PR REPORT - JUNE 2025

6/12/25, 3:30 PM Ministry of Economy and Dubai Police Sign MoU to Strengthen AML/CFT Compliance Frameworks
Counselor Salem Al Tunaiji, Director of the Anti-Money Laundering and Counter-Terrorism Financing Department at the Ministry of Economy,
stressed the operational significance of the agreement. According to him, the MoU facilitates advanced technical coordination and secure
data sharing between the Ministry and Dubai Police—especially in monitoring Designated Non-Financial Businesses and Professions
(DNFBPs), including real estate brokers, dealers of precious metals and stones, auditors, and corporate service providers.

The agreement includes key collaborative initiatives such as:

Developing risk response mechanisms for financial crimes,

Establishing effective communication channels for data exchange,

Launching joint training and professional development workshops,

Issuing analytical reports to support regulatory decision-making.

Additionally, the MoU outlines joint efforts to design awareness campaigns and media outreach programs focused on institutional compliance
and financial crime prevention. Both entities will also cooperate in revising and developing relevant legislation to ensure UAE’s regulatory
frameworks align with evolving international AML/CFT standards.

The partnership signals a robust commitment from both institutions to protect the UAE’s financial ecosystem and reinforce its reputation as a
safe, transparent, and globally integrated economy.

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