The United Arab Emirates Ministry of Economy and Tourism announced a meeting with the Governor of the Palestine Monetary Authority to explore enhanced economic and development cooperation focused on anti-money laundering and counter-terrorism financing (AML/CFT) and broader financial crime prevention systems. Discussions covered global developments and the risks of money laundering to economic stability and financial-system integrity, alongside the UAE’s legislative and regulatory reforms to strengthen alignment with international standards. The Ministry also highlighted the UAE’s removal from the Financial Action Task Force grey list and from the European Parliament’s list of high-risk third countries for money laundering and terrorism financing, and reviewed progress on the National Economic Register as a unified platform for verified commercial licence data incorporating Ultimate Beneficial Ownership requirements and strengthening oversight of Designated Non-Financial Businesses and Professions, including real estate brokers and agents, dealers in precious metals, independent accountants and auditors, and corporate service providers. Both sides reaffirmed plans to strengthen cooperation by sharing best practices in regulatory and supervisory frameworks and by developing specialised training programmes to build capacity for detecting and responding to evolving financial crime patterns.

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