Page 433 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 3:56 PM UAE strengthens anti-money laundering efforts with new MoUs

The signing ceremony took place on the sidelines of the summit titled “Role of the Designated Non-Financial
Businesses and Professions (DNFBPs) Sector in Combating Financial Crimes,” which was recently held in Dubai.

It was attended by prominent figures, including Abdullah bin Touq Al Marri, UAE minister of Economy;
Abdullah bin Sultan bin Awad Al Nuaimi, UAE minister of Justice; and Ahmed Al Sayegh, UAE minister of State.

The MoUs were signed by key officials: Abdullah Ahmed Al Saleh, under-secretary of the Ministry of Economy;
Safeya Hashem Al Safi, assistant under-secretary 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.

Initiative supports institutional integration efforts

This initiative is part of ongoing efforts to strengthen institutional integration and partnerships aimed at enhancing
monitoring and compliance systems, while facilitating the exchange of data among all signatories. It supports
their shared objectives to counter financial crimes in the UAE.

The MoUs establish clearly defined frameworks for technical cooperation, capacity building, and knowledge
exchange. They also include secure data-sharing mechanisms that ensure confidentiality and compliance with
relevant legal and regulatory requirements.

Read more: UAE highlights role of DNFBPs sector in fighting financial crimes in Dubai

(Photo Credit: WAM)

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