Page 428 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 3:55 PM MoE teams up with key national entities to enhance cooperation
Al Safi, Assistant Undersecretary for the Commercial Control and Governance Sector; Faisal Yousef
bin Selaitin, CEO of the Economic Security centre of Dubai; and Majid Saqr Al Marri, CEO of the Real
Estate Registration Sector at the Dubai Land Department, along with other government officials.

The initiative is part of continuing efforts to strengthen institutional integration and partnerships to
improve monitoring and compliance systems and facilitate the exchange of data among signatories,
in support of their shared objectives to counter financial crimes in the UAE.

The MoUs establish clearly defined frameworks for technical cooperation, capacity building, and

knowledge exchange, as well as secure data sharing mechanisms that ensure confidentiality and
compliance with relevant legal and regulatory frameworks.

Representatives of the signatory entities affirmed the importance of enhancing national efforts to

address the challenges of money laundering, terrorism financing, and the proliferation of weapons,
through a sustainable and institutional approach. They emphasized that such efforts support the
UAE’s readiness for the upcoming mutual evaluation, help ensure high levels of legislative and
regulatory compliance and improve efficiencies in addressing cross-border financial crimes. These
measures also contribute to achieving sustainable economic growth and improving the country’s
ranking in global competitiveness indices. The representatives reiterated their full commitment to
supporting initiatives that protect the national economy and strengthen financial security.

Meanwhile, under the patronage and in the presence of Abdulla bin Touq Al Marri, Minister of
Economy, and Ahmed Al Sayegh, Minister of State, the “Role of the DNFBPs Sector in Fighting
Financial Crimes” summit kicked off in Dubai. Organised by the Ministry of Economy and the
Executive Office for Control and Non-Proliferation (EOCN), the two-day event, taking place on April
16 and 17, aims to highlight national efforts, underscore the importance of enhanced compliance with
international standards, and strengthen cooperation between the public and private sectors in
combating terrorism financing and the proliferation of arms.

The summit serves as a key platform to raise awareness on the updated national and international
requirements set forth by the Financial Action Task Force (FATF), with a focus on customer due

diligence and verification procedures in alignment with targeted financial sanctions aimed at
preventing terrorism financing and the proliferation of arms. It also seeks to empower the DNFBPs
sector, which includes real estate agents and precious metals dealers, to effectively implement the
latest regulatory measures.

In his opening remarks, Abdulla bin Touq Al Marri, Minister of Economy, emphasized that the UAE,
guided by the directives of its wise leadership, has adopted advanced and forward-thinking strategies
and legislations to build an integrated national framework to combat money laundering and terrorism
financing. These efforts, aligned with global best practices, have significantly bolstered the UAE’s
global economic reputation, reinforcing its status as a competitive economic hub committed to the
highest standards of integrity, transparency, and regulatory excellence in financial and commercial
oversight.

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