ABU DHABI: To improve collaboration and information exchange in the fight against financial crime, the Central Bank of the United Arab Emirates (CBUAE) and the Economic Security Centre of Dubai today inked a Memorandum of Understanding (MoU).
This seeks to strengthen trust in the UAE’s financial system, accomplish the strategic goals of both sides, and solidify the nation’s dominant position in the world. CBUAE Governor Khaled Mohamed Balama observed the MoU signing ceremony.
In front of assistant governors and top officials from both organisations, Faisal bin Sulaitin, CEO of the Economic Security Centre of Dubai, and Fatma Al Jabri, Assistant Governor for Financial Crime, Market Conduct, and Consumer Protection at the CBUAE, signed the Memorandum of Understanding. Through information sharing on best practices and global guidelines in the fight against financial crime, the MoU seeks to strengthen collaboration between the CBUAE and the Economic Security Centre of Dubai in areas of shared interest. It also discusses issues and solutions to assist national initiatives, as well as the UAE’s participation in the Financial Action Task Force (FATF).
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