Page 761 - MOET ENGLISH PR REPORT - JUNE 2025

6/12/25, 11:39 AM Ministry of Economy and Dubai Police Sign MoU to Enhance Compliance in Financial Crime Prevention - UPPERNEWS: UAE ne…
H.E. Safia Al Safi highlighted that the UAE has made notable progress in developing advanced strategies,
policies, and legislation to combat financial crimes, aligning with the highest international standards. This
advancement has further solidified the national economy’s status as a competitive trade and business hub
committed to integrity and transparency. She noted that the partnership with Dubai Police aligns with the
Ministry’s vision to enhance collaboration with both federal and local entities, strengthening the national
framework and improving mechanisms to combat financial crimes.

The MoU establishes a sustainable institutional framework for the Ministry of Economy and Dubai Police to
work together on various procedures related to anti-money laundering and counter-terrorism financing within the
UAE. This collaboration aims to enhance the efficiency of control and monitoring systems and serves shared
goals in the fight against financial crimes.

H.E. Major General Expert Khalil Al Mansoori remarked that the MoU represents a significant milestone in
fostering institutional integration among entities involved in combating financial crimes. He stated that Dubai
Police is dedicated to advancing its technical and human capabilities to support national efforts against money
laundering and terrorism financing. The aim is to utilize Dubai Police’s resources in research and financial
analysis to develop effective mechanisms for detecting suspicious activities and enhancing rapid responses to
associated risks, in line with global best practices.

Counselor Salem Al Tunaiji, Director of the Anti-Money Laundering and Counter-Terrorism Financing
Department at the Ministry of Economy, explained that the MoU will facilitate advanced technical and security
coordination. This includes sharing data related to money laundering and terrorism financing crimes, which
aligns with the Ministry’s role in supervising Designated Non-Financial Businesses and Professions (DNFBPs)
and identifying the actual beneficial owners of legal entities.

Under the MoU, both parties will work together to create integrated mechanisms and programs to improve
responses to suspicious financial activities within the DNFBP sector, which includes real estate agents, brokers,
precious metals and stones traders, auditors, and company service providers. This will be achieved through the
exchange of data regarding suspicious transactions and activities and by establishing secure communication
channels to facilitate the swift exchange of confidential information in accordance with legal and regulatory
frameworks.

The MoU also includes plans for joint training programs and specialized workshops aimed at enhancing the
professional skills of staff from both parties. Additionally, it calls for the development of periodic analytical
reports to support decision-making and ensure thorough application of administrative and regulatory procedures.

Furthermore, the MoU outlines initiatives to support awareness and media campaigns related to institutional
compliance and the prevention of financial crimes, as well as collaborations in developing relevant policies and

https://news.uppersetup.com/government-support/2025/06/08/ministry-of-economy-and-dubai-police-sign-mou-to-enhance-compliance-in-financial-cri… 2/3