The UAE Executive Office of Anti-Money Laundering and Counter-Terrorism Financing (EO AMLCTF) and Dubai Police have signed a Memorandum of Understanding (MOU) aimed at combatting financial crimes, it has been announced.
Through the MOU, it was shared that the EO AMLCTF and the Dubai Police reaffirm their commitment to:
- Enhancing cooperation in the exchange of information and specialised studies,
- Conducting joint awareness campaigns, and launching academic programs,
- Training courses and workshops to develop and support specialised competencies in the field.
The two will also work on developing strategies and technological solutions to address the challenges posed by these types of crimes.
The MOU was signed by HE Hamid AlZaabi, Director General of the EO AMLCTF, and His Excellency Expert Major General Khalil Ibrahim Al Mansouri, Assistant Commander-in-Chief for Criminal Investigation Affairs at Dubai Police on the sidelines of the third edition of the World Police Summit, held from 5 to 7 March at the World Trade Centre in Dubai.
HE Hamid AlZaabi, Director General of the EO AMLCTF, commented: “Police forces serve as an indispensable pillar in the battle against financial crimes, spearheading investigations into suspected illicit activities and collaborating closely with prosecutors to secure convictions. In recent years, law enforcement agencies have made several high-profile arrests pertaining to financial crimes, reflecting the substantial efforts to foster a secure national economy. The activities set out in this MOU will bolster these capabilities, sending a clear signal to criminals that their illicit actions have no place within the UAE’s borders”.
His Excellency Expert Major General Khalil Ibrahim Al Mansouri, Assistant Commander-in-Chief for Criminal Investigation Affairs at Dubai Police, added: “The joint efforts under the wise leadership’s directives have achieved remarkable success, recently elevating the United Arab Emirates off the FATF (Financial Action Task Force) grey list. Today, through our collaborative efforts, we continue to develop tools and enablers that achieve the strategic objectives between the parties and contribute to establishing effective mechanisms to confront financial crimes decisively.”