Ministry of Economy, Dubai Police partner to strengthen cooperation

The Ministry of Economy has signed a Memorandum of Understanding (MoU) with Dubai Police General Command to strengthen cooperation and coordination in developing compliance mechanisms for anti-money laundering (AML) and combatting the financing of terrorism (CFT) requirements.
The agreement facilitates the exchange and integration of information between the two entities, thus enhancing supervisory roles within the national legislative framework.
The MoU was signed on the sidelines of the fourth edition of the World Police Summit, held at the Dubai World Trade Centre under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The agreement was signed by Safia Hashim Al Safi, Assistant Undersecretary for Commercial Control and Governance at the Ministry of Economy, and Major General Expert Khalil Ibrahim Al Mansoori, Assistant Commander-in-Chief for Criminal Investigation Affairs at Dubai Police.
Safia Al Safi emphasised that the UAE has made significant strides in developing advanced strategies, policies, and legislation to combat money laundering and terrorism financing in line with the highest international standards. This has further reinforced the national economy's position as a competitive trade and business hub committed to the highest standards of integrity and transparency. He noted that the partnership with Dubai Police aligns with the Ministry's vision to enhance collaboration with federal and local entities, thereby strengthening the national framework and developing mechanisms to combat financial crimes and enhance regulatory infrastructure in accordance with relevant international standards.
Safia Al Safi explained that the MoU establishes a sustainable institutional framework between the Ministry and Dubai Police to collaborate on various AML/CFT procedures within the country, including control, inspection, and monitoring of illicit activities. This partnership aims to elevate the efficiency of control and follow-up systems and serves shared objectives in combating financial crimes within the country.
Press Release Supporting national efforts Major General Expert Khalil 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.' He further emphasised that the collaboration marks a significant step forward in integrating national efforts and unifying resources and expertise to develop more precise and effective regulatory tools, while continuing to invest in national talent and smart technologies to build a safer and more stable environment.
Counselor Salem Al Tunaiji, Director of the Anti-Money Laundering and Counter-Terrorism Financing Department at the Ministry of Economy, explained that the MoU provides advanced mechanisms for technical and security coordination between the Ministry and Dubai Police. This includes the exchange of data related to money laundering and terrorism financing crimes, aligning with the Ministry's role in supervising Designated Non-Financial Businesses and Professions (DNFBPs) and identifying the real beneficial owners of legal entities.
Under the scope of the MoU, both parties will collaborate on developing integrated mechanisms and programs to elevate risk response efficiency related to suspicious financial activities within the DNFBP sector, which include real estate agents and brokers, traders of precious metals and stones, auditors, and company service providers. This will be realised through the exchange of data on suspicious transactions and activities and the activation of secure and effective institutional communication channels to ensure the swift exchange of confidential data in line with the approved legal and regulatory frameworks. These efforts support their awareness endeavours to prevent and deter violators, in line with the applicable legislations and regulations in the UAE.
The MoU also outlines the implementation of joint training programs and specialised workshops aimed at enhancing the professional competencies of both parties' staff and the development of periodic analytical reports to support decision-making, ensuring the comprehensive application of administrative and regulatory procedures.
Additionally, the MoU includes provisions to support awareness and media campaigns related to institutional compliance and financial crime prevention, as well as collaboration in developing relevant policies and legislation and reviewing regulatory frameworks to ensure their alignment with international requirements. Meanwhile, the Abu Dhabi Judicial Department (ADJD) organised the 'Eid Joy' initiative, which brought together well-behaved inmates of correctional and rehabilitation centres with their families in a festive atmosphere on the occasion of Eid Al-Adha.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Gulf Today

8 hours ago

• Gulf Today

UAE, Canada leaders explore ways to boost bilateral ties

Sheikh Abdullah Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, met Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, during his working visit to Canada. During the meeting, Sheikh Abdullah discussed the close friendship between the UAE and Canada, explored frameworks for cooperation, and ways to enhance it in a manner that serves mutual interests and contributes to the prosperity and well-being of both nations. The two sides reviewed prospects for cooperation across various sectors, particularly in industry, trade, investment, technology, and renewable energy. During the meeting, Sheikh Abdullah highlighted the importance of joint efforts between the two friendly nations to strengthen cooperation in the industrial sector, building on the strong UAE-Canada ties and the sector's diverse and attractive opportunities that align with both countries' ambitions for sustainable economic development. The meeting was also attended by Reem Bint Ebrahim Al Hashimy, Minister of State for International Cooperation; Dr Thani Bin Ahmed Al Zeyoudi, Minister of Foreign Trade; Sultan Al Mansoori, Envoy of the Minister of Foreign Affairs; Saeed Mubarak Al Hajeri, Assistant Minister for Economic and Trade Affairs, and Abdulrahman Ali Al Neyadi, the UAE Ambassador to Canada. On Friday, Sheikh Abdullah had met Anita Anand, Minister of Foreign Affairs of Canada. During the meeting, Sheikh Abdullah and the Canadian Foreign Minister discussed bilateral relations and means to further develop them across various fields. Sheikh Abdullah and Anita Anand also reviewed opportunities to enhance cooperation in several key sectors, including the economic, educational, investment, trade, technology and energy fields. Sheikh Abdullah reiterated the deep and long-standing friendship between the UAE and Canada, and highlighted the UAE's commitment to further advancing this distinguished relationship, which holds promising opportunities for growth and development in line with the aspirations of both nations for a more prosperous future. Discussions also touched on the latest regional and international developments, with a focus on their repercussions for global peace and security. Also on Friday, Sheikh Abdullah had met François-Philippe Champagne, Canada's Minister of Finance and National Revenue. Sheikh Abdullah and Champagne discussed the distinguished bilateral relations between the UAE and Canada and explored ways to promote them to serve both countries' shared interests and developmental priorities. WAM

Dubai Eye

13 hours ago

• Dubai Eye

H.H. Sheikh Mohammed marks 25 years of Executive Office

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has marked 25 years of The Executive Office by thanking the team for contributing to "shaping the future of the nation". "The Office has served as a hub of ideas, a trusted partner in decision-making, a driver of change and a key force in executing our vision for the future," Sheikh Mohammed highlighted in a video posted on social media platform X. "From government and economic strategy to social and technological innovation, the Executive Office reflects Dubai's culture of excellence — accelerating change, enabling new strategies and empowering young talent to reach new heights. "To all who have contributed to the Office's achievements, we extend our sincere appreciation. "We continue to invest in our youth - their ideas spark progress, their energy drives change and their ambition will shape the future of our journey continues — with steady steps and a clear sense of purpose," he highlighted. Mohammed bin Rashid: Today, we celebrated 25 years since the establishment of The Executive Office, together with the team. Over the past quarter-century, the Office has served as a hub of ideas, a trusted partner in decision-making, a driver of change, and a key force in… — Dubai Media Office (@DXBMediaOffice) June 22, 2025 In 25 years, the Office has "driven teamwork and effectively implemented the developmental vision for Dubai". The Executive Office has launched major projects that have driven fundamental transformations, elevating Dubai's global standing, enhancing its international competitiveness, and advancing its economic and social sectors. Among the most prominent of these projects is the Dubai International Financial Centre (DIFC), established in 2004, that is instrumental in shaping the future of finance, achieving record-breaking performance. Active companies within DIFC grew to 6,920, with 1,823 new companies joining in, recording a 25 per cent increase. The workforce expanded to over 46,000 employees, and assets under management reached over $700 billion. The DIFC also hosts family businesses managing $1.2 trillion in assets. Launched in 2020, the Dubai Council drives major transformative projects to elevate Dubai's global standing. It has launched 25 such projects and formed 4 higher committees to oversee impactful initiatives that have spurred significant social and economic progress in Dubai. The Executive Office also houses the Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI), which has grown into the region's largest humanitarian, development and community organisation. MBRGI encompasses 30 initiatives and foundations focused on combating poverty and disease, spreading knowledge and culture, empowering communities, and fostering innovation. In 2024, MBRGI invested AED2.2 billion, impacting 149 million people in 118 countries. Among the pioneering initiatives of The Executive Office is Smart Dubai, launched in 2013 and later evolving into the Dubai Digital Authority (Digital Dubai) in 2021. It has spearheaded Dubai's digital transformation, propelling Dubai to first place in the Arab world and Asia, and fourth globally, in the IMD's 2025 Smart City Index. The Executive Office also houses the Dubai Future Foundation (DFF), established in 2016 to spearhead future-focused programmes and projects. Among its most prominent achievements is the Museum of the Future, which has welcomed over 3 million visitors and 40 heads of state since its opening. DFF also established the Dubai Future District Fund, whose investments have contributed AED3 billion to Dubai's GDP. The Hatta Development Plan, another Executive Office initiative launched in 2016, encompasses over 40 initiatives which have significantly impacted Hatta, boosting tourism to 1.5 million annual visitors. The Executive Council of Dubai, also operating within The Executive Office, was established in 2003 to oversee more than 60 government entities. The Executive Council also manages efforts aimed at enhancing the efficiency of government work, improving government services and overseeing the governance of entities under the Government of Dubai. Dubai Holding is another key entity launched by The Executive Office in October 2004, and currently manages AED280 billion in assets, and employs over 45,000 people across 34 countries. The Mohammed Bin Rashid Center for Leadership Development (MBRCLD), also supported by the Executive Office, has graduated over 1,000 leaders and participants since its establishment in 2003, including 9 ministers, 10 deputy ministers, 15 director generals, and 99 executive directors. — Dubai Media Office (@DXBMediaOffice) June 22, 2025 The Executive Office continues to champion numerous other initiatives dedicated to comprehensive development, enhancing quality of life, fostering the knowledge economy, and driving innovation. The Executive Office continues its dedicated work to translate Sheikh Mohammed's vision for Dubai: to proactively embrace future trends and maintain its leadership position. This is achieved through ongoing strategic foresight and development initiatives, and by establishing policies that respond to global shifts and strengthen Dubai's global standing.

Sharjah 24

14 hours ago

• Sharjah 24

MOE approves mandatory guidelines for teaching Arabic in KDG.

This initiative aims to strengthen the national values of children from an early age, nurturing a generation that is proud of its national identity, proficient in its mother tongue, and well-grounded in the values of family, society, and the geography and environment of the UAE. This move is aligned with the Ministry's vision of enhancing national identity by supporting the teaching of Arabic, Islamic Studies, and Social Studies from the foundational years. The Ministry is committed to developing and delivering specialised educational programmes that foster children's skills in reading, writing, Emirati values, and national identity from an early age, supporting their educational development in later years. To ensure consistent and effective implementation, the Ministry will provide private schools with instructional frameworks and clear learning outcomes for all three subject areas before the start of the 2025/2026 academic year. Implementation of the guidelines will commence in 2025/2026, supported by advisory visits to private schools. In partnership with local educational authorities, the Ministry will also conduct regular inspections starting from the 2026/2027 academic year to verify compliance with the guidelines. Arabic language will be taught daily to all students for 200 minutes weekly initially (40 minutes per day), increasing to 300 minutes weekly (60 minutes per day) by 2027/2028. Arabic will be taught by qualified early childhood teachers using approved educational resources and age-appropriate teaching methods, suitable for both native and non-native speakers. Islamic Studies will be taught to all Muslim students in kindergarten in private schools for 90 minutes per week, delivered as either three sessions of 30 minutes or two sessions of 45 minutes per week. Private schools must integrate concepts of family, UAE geography, the UAE environment, social values, and key social topics into kindergarten education. These concepts will be presented in a simplified, play-based learning approach that is incorporated into the daily routine, both inside and outside the classroom.