The UAE Ministry of Economy has signed multiple Memorandums of Understanding (MoUs) with key national entities, including the Economic Security Centre of Dubai (ESCD) and the Dubai Land Department (DLD), to intensify efforts against money laundering and terrorism financing.
Signed during the recent “Role of the Designated Non-Financial Businesses and Professions (DNFBPs) Sector in Combating Financial Crimes” summit in Dubai, the agreements mark a strategic move to enhance regulatory frameworks, boost transparency, and improve coordination among authorities.
The MoUs aim to establish a unified and effective national approach to combating financial crimes. They cover secure data sharing, technical cooperation, capacity building, and knowledge exchange, while ensuring full compliance with legal and regulatory standards.
The signing ceremony was attended by high-level officials including Minister of Economy Abdullah bin Touq Al Marri, Minister of Justice Abdullah bin Sultan bin Awad Al Nuaimi, and Minister of State Ahmed Al Sayegh. Signatories included senior representatives from the Ministry of Economy, ESCD, and DLD.
This initiative supports the Ministry’s supervisory role and reinforces the UAE’s commitment to international best practices in anti-money laundering and counter-terrorism financing. It also strengthens institutional partnerships to improve monitoring, compliance, and cross-border cooperation.
Officials underscored the importance of collective action in tackling complex financial threats. They highlighted that these measures will boost the UAE’s preparedness for upcoming mutual evaluations, enhance regulatory compliance, and contribute to the country’s global competitiveness and economic resilience.
The move reflects the UAE’s broader strategy to safeguard its financial system and sustain long-term economic growth through a proactive, integrated, and transparent approach.
News Source: Emirates News Agency
