The UAE Ministry of Economy and Dubai Police have signed a new deal to step up their efforts to fight financial crime. The agreement will help improve how both bodies work together to spot and stop money laundering and terrorism financing, while also sharing data and expertise.
The agreement, signed during the World Police Summit in Dubai, will strengthen coordination and information exchange between the two institutions, supporting broader national efforts to combat financial crimes and bolster regulatory integrity.
The MoU was formalised by H.E. Safia Hashim Al Safi, Assistant Undersecretary for Commercial Control and Governance at the Ministry of Economy, and H.E. Major General Expert Khalil Ibrahim Al Mansoori, assistant commander-in-chief for criminal investigation affairs at Dubai Police.
H.E. Al Safia outlined how the UAE has made significant progress in implementing advanced strategies and regulatory measures to counter money laundering and terrorism financing, in line with international standards.
The pact
The agreement establishes a framework for joint AML/CFT initiatives, including monitoring and inspections to identify illicit activities. It aims to boost the effectiveness of risk response systems and fortify national efforts to counter financial crime.
Under the MoU, the Ministry and Dubai Police will develop integrated mechanisms for sharing data on suspicious transactions and beneficial ownership, as well as secure communication channels to ensure confidentiality.
They will also implement joint training programmes and awareness campaigns, review and align policies with international best practices, and produce periodic analytical reports to guide regulatory decision-making.
Supporting national efforts
The partnership reflects the UAE’s ongoing efforts to unify resources and expertise across federal and local entities to combat financial crime and maintain its status as a trusted global financial hub.
Al Mansoori said: “The MoU with the Ministry of Economy is a significant milestone in enhancing institutional integration among relevant entities involved in combating financial crimes. Dubai Police is committed to supporting national efforts to counter money laundering and combat terrorism financing by advancing its technical and human competencies.
“We aim to leverage Dubai Police’s research, investigation, and financial analysis ecosystems to develop effective, proactive mechanisms for detecting suspicious activities and enhancing rapid responses to associated risks, in line with global best practices. This plays a role in reinforcing the UAE’s position as a secure and transparent global economic hub.”
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