Page 747 - 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…
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.

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