Page 744 - MOET ENGLISH PR REPORT

Page 744 - MOET ENGLISH PR REPORT - JUNE 2025

P. 744

6/12/25, 11:38 AM MoE and Dubai Police sign MoU to enhance cooperation in developing compliance mechanisms for AML/CFT requirements
of data related to money laundering and terrorism financing crimes, aligning with the Ministry's role in
supervising Designated Non-Financial Businesses and Professions (DNFBPs) and identifying the real
beneficial owners of legal entities.

Under the scope of the MoU, both parties will collaborate on developing integrated mechanisms and

programs to elevate risk response efficiency related to suspicious financial activities within the DNFBP
sector, which include real estate agents and brokers, traders of precious metals and stones, auditors,
and company service providers. This will be realised through the exchange of data on suspicious
transactions and activities and the activation of secure and effective institutional communication

channels to ensure the swift exchange of confidential data in line with the approved legal and regulatory
frameworks. These efforts support their awareness endeavours to prevent and deter violators, in line
with the applicable legislations and regulations in the UAE.

The MoU also outlines the implementation of joint training programs and specialised workshops aimed
at enhancing the professional competencies of both parties' staff and the development of periodic

analytical reports to support decision-making, ensuring the comprehensive application of administrative
and regulatory procedures.

Additionally, the MoU includes provisions to support awareness and media campaigns related to
institutional compliance and financial crime prevention, as well as collaboration in developing relevant

policies and legislation and reviewing regulatory frameworks to ensure their alignment with international
requirements.

For further information, please contact:
Orient Planet Group (OPG)
Email: media@orientplanet.com

Website: www.orientplanet.com