Page 746 - MOET ENGLISH PR REPORT - JUNE 2025

6/12/25, 11:38 AM Ministry of Economy and Dubai Police sign MoU to enhance cooperation in developing compliance mechanisms for AML/CFT requ…
H.E. Safia Al Safi emphasised that the UAE has made significant strides in developing advanced
strategies, policies, and legislation to combat money laundering and terrorism financing in line

with the highest international standards. This has further reinforced the national economy’s
position as a competitive trade and business hub committed to the highest standards of

integrity and transparency. H.E. noted that the partnership with Dubai Police aligns with the
Ministry’s vision to enhance collaboration with federal and local entities, thereby strengthening

the national framework and developing mechanisms to combat financial crimes and enhance
regulatory infrastructure in accordance with relevant international standards.

H.E. Safia Al Safi explained that the MoU establishes a sustainable institutional framework
between the Ministry and Dubai Police to collaborate on various AML/CFT procedures within the

country, including control, inspection, and monitoring of illicit activities. This partnership aims
to elevate the efficiency of control and follow-up systems and serves shared objectives in

combating financial crimes within the country.

Supporting national efforts:

H.E. Major General Expert Khalil Al Mansoori said: “The MoU with the Ministry of Economy is a
significant milestone in enhancing institutional integration among relevant entities involved in
combating financial crimes. Dubai Police is committed to supporting national efforts to counter

money laundering and combat terrorism financing by advancing its technical and human
competencies. We aim to leverage Dubai Police’s research, investigation, and financial analysis

ecosystems to develop effective, proactive mechanisms for detecting suspicious activities and
enhancing rapid responses to associated risks, in line with global best practices. This plays a

role in reinforcing the UAE’s position as a secure and transparent global economic hub.”

H.E. further emphasised that the collaboration marks a significant step forward in integrating
national efforts and unifying resources and expertise to develop more precise and effective
regulatory tools, while continuing to invest in national talent and smart technologies to build a

safer and more stable environment.

Counselor Salem Al Tunaiji, Director of the Anti-Money Laundering and Counter-Terrorism
Financing Department at the Ministry of Economy, explained that the MoU provides advanced

mechanisms for technical and security coordination between the Ministry and Dubai Police. This
includes the exchange 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.

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