MoE teams up with key national entities to enhance cooperation

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).

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The agreements aim to strengthen national efforts in developing the regulatory infrastructure, enhancing integrity and transparency systems and promoting actions 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 Abdulla bin Touq Al Marri, Minister of Economy; Abdulla Sultan bin Awad Al Nuaimi, Minister of Justice; and Ahmed Al Sayegh, Minister of State. The MoUs were signed by Abdulla Ahmed Al Saleh, Undersecretary of the Ministry of Economy; Safeya Hashem Al Safi, Assistant Undersecretary for the Commercial Control and Governance Sector; Faisal Yousuf bin Selaitin, CEO of the Economic Security Centre of Dubai; and Majid Soar Al Marri, CEO of the Real Estate Registration Sector at the Dubai Land Department, along with other government officials.