Yesterday, the Central Bank and the Dubai Economic Security Center signed a memorandum on cooperation, the goal of which is to strengthen partnerships, cooperation, and information exchange in the field of combating financial crime. This is aimed at achieving strategic objectives of both sides, as well as strengthening trust in the state financial system and enhancing its leading position in the world.
The memorandum is focused on strengthening collaboration in general areas, exchanging information on best practices and international standards in the fight against financial crimes, as well as considering issues related to the UAE within the framework of the financial group "FATF", and opposing challenges and proposing solutions supporting national initiatives.
The memorandum was signed by the Governor of the Central Bank Khalid Muhammad al-Hamadi, as well as the Deputy Governor of the Central Bank on issues of combating financial crimes, market regulation, and consumer protection, Fatima al-Jaberi, and the Executive Director of the Dubai Economic Security Center Faisal Yousuf bin Sultan, with the participation of the Deputy Governor and other senior officials from both sides.
