Page 454 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 3:58 PM UAE Enhances Financial Crime Defences with New MoUs
Enhancing Collaboration for Effective Financial Crime

Prevention

The MoUs were signed by Abdullah Ahmed Al Saleh, Under-Secretary of the Ministry of

Economy, and other senior officials. The agreements aim to improve data exchange and boost

the Ministry’s ability to supervise under national laws. They also establish frameworks for
technical cooperation, capacity building, and knowledge sharing.

These partnerships will support the country’s efforts to combat financial crimes. They will also
ensure secure and legally compliant data sharing among signatories.

Commitment to Global Standards and Sustainable Growth

The officials at the signing ceremony emphasized the importance of national collaboration in

tackling financial crimes. They highlighted the need to address challenges like money laundering
and terrorism financing. These efforts will prepare the UAE for the upcoming mutual evaluation,

improve compliance, and strengthen financial security.

The collaboration will help the UAE address cross-border crimes and contribute to its
sustainable economic growth. It will also support the nation’s position as a leading global

financial hub

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