Page 753 - MOET ENGLISH PR REPORT - JUNE 2025

6/12/25, 11:39 AM Company News in Egypt: Ministry of Economy and Dubai Police sign MoU to enhance cooperation in developing compliance mec…
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.
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

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