Central Bank of the UAE signs MoU with Sharjah Judicial Department to speed judicial enforcement through electronic integration and AI

The Central Bank of the UAE signed a memorandum of understanding with the Sharjah Judicial Department to strengthen cooperation on implementing judicial rulings and decisions related to the central bank’s areas of responsibility. The agreement is aimed at improving the speed and efficiency of enforcement, with a focus on closer operational coordination between judicial authorities and financial institutions. The two sides will develop a joint action plan to identify challenges, propose solutions and establish mechanisms for electronic integration and the use of artificial intelligence, while streamlining administrative and technical procedures. The measures are intended to support faster execution of judgments, orders and decisions issued by Sharjah courts and prosecutions, align procedures with approved judicial systems and improve communication on technical and technological issues. The MoU also provides for exchanges of experience, professional visits and training programs and workshops for judges and public prosecutors drawing on the central bank’s expertise in financial crimes, anti-money laundering, and monetary and banking developments.