Page 451 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 3:58 PM Ministry of Economy inks MoUs with key national entities to boost cooperation in combating money laundering and financial crimes …

BUSINESS AND ECONO…

Ministry Of Economy Inks MoUs With Key National Entities To Boost

Cooperation In Combating Money Laundering And Financial Crimes

By Editor_wr Last updated Apr 19, 2025

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The Ministry of Economy signed a series of MoUs with several competent national authorities in the field of anti-money
laundering and countering terrorism financing, including the Economic Security Centre of Dubai (ESCD) and the Dubai

Land Department (DLD). The agreements aim to strengthen national efforts in developing the regulatory infrastructure,
enhancing integrity and transparency systems, and improving mechanisms to combat financial crimes in accordance

with international best practices. The MoUs also facilitate the exchange of data and information, while supporting the
Ministry’s supervisory role under the relevant national legislation.

The signing ceremony was held on the sidelines of the “Role of the Designated Non-Financial Businesses and

Professions (DNFBPs) Sector in Combating Financial Crimes” summit, which took place recently in Dubai. It was
attended by H.E. Abdulla bin Touq Al Marri, Minister of Economy; H.E. Abdulla Sultan bin Awad Al Nuaimi, Minister
of Justice; and H.E. Ahmed Al Sayegh, Minister of State. The MoUs were signed by H.E. Abdulla Ahmed Al Saleh,

Undersecretary of the Ministry of Economy; H.E. Safeya Hashem Al Safi, Assistant Undersecretary for the Commercial

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