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UAE steps up crackdown on financial fraud in new

deal

Dubai Police pact to aid money laundering inspections in real estate, gold, auditing
Last updated: June 08, 2025 | 12:13

Justin Varghese (Your Money Editor)

2 MIN READ

Dubai: The UAE’s Ministry of Economy and Dubai Police joined forces to improve tracking,
inspection, and monitoring of suspicious financial activities—especially in sectors outside regular
banking oversight like real estate, gold and jewellery trading, auditing, and business services.
The agreement aims to set up faster, more secure communication channels between the Ministry
of Economy and Dubai Police. This includes the exchange of confidential information about
suspicious financial transactions and beneficial ownership data — in other words, who really owns
or benefits from a company or transaction.
When noting the UAE’s progress in strengthening laws to combat money laundering and terrorism
financing as per global standards, Safia Hashim Al Safi, Assistant Undersecretary for Commercial
Control and Governance at the Ministry of Economy, highlighted the new MoU supports greater
collaboration between federal and local entities to enhance oversight, improve control and
monitoring of illicit activities.

https://gulfnews.com/business/banking/uae-to-ramp-up-money-laundering-inspections-with-
dubai-police-1.500156130