Page 443 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 3:57 PM UAE Strengthens Financial Crime Controls with Key Agreements
UAE Strengthens Financial Crime Controls with Key

Agreements

The United Arab Emirates (UAE) has recently made significant strides in strengthening its financial
crime controls, taking a proactive stance against illicit financial activities. With an array of strategic
agreements aimed at bolstering the country’s anti-money laundering (AML) and combating the
financing of terrorism (CFT) frameworks, the UAE is positioning itself as a key player in the global fight
against financial crime. These new developments reflect the country’s ongoing commitment to aligning
its financial regulations with international best practices, enhancing transparency, and ensuring the
robustness of its financial systems.

The Agreements: A Strategic Move for Robust Financial

Crime Prevention

As part of its drive to improve its financial crime control mechanisms, the UAE Ministry of Economy
has entered into several Memorandums of Understanding (MoUs) with vital national entities. This
strategic collaboration is designed to enhance the country’s efforts in developing a comprehensive and
effective regulatory infrastructure that supports anti-money laundering and counter-terrorism financing
initiatives.

Among the key institutions partnering with the Ministry of Economy are the Economic Security Centre
of Dubai (ESCD) and the Dubai Land Department (DLD). These entities will play a pivotal role in
implementing these agreements, helping to streamline data-sharing processes and improve
coordination across various government agencies. By working together, the UAE is setting up a
network that allows for a more unified and focused approach to combatting financial crimes.

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