Page 751 - 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 …
The MoU was signed on the sidelines of the fourth edition of the World Police Summit, held at the Dubai World Trade
Centre under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister
of the UAE and Ruler of Dubai. The agreement was signed by H.E. Safia Hashim Al Safi, Assistant Undersecretary for
Commercial Control and Governance at the Ministry of Economy, and H.E. Major General Expert Khalil Ibrahim Al
Mansoori, Assistant Commander-in-Chief for Criminal Investigation Affairs at Dubai Police.

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. Finance solutions

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.” Finance solutions

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.

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. Finance solutions

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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