The Dubai Financial Services Authority and the United Arab Emirates Ministry of Economy and Tourism signed a Memorandum of Understanding to enhance cooperation and enable information exchange on the regulatory oversight of auditors and Designated Non-Financial Businesses and Professions across their respective jurisdictions, including Dubai International Financial Centre. The MoU sets a framework for collaboration aimed at strengthening transparency, accountability and integrity across financial and non-financial sectors, and supports coordinated supervision and enforcement aligned with international best practices. It also reinforces joint efforts to combat money laundering, terrorist financing and the proliferation of illicit activities, subject to the applicable laws and regulations governing each authority.
Dubai Financial Services Authority 2026-04-02
Dubai Financial Services Authority and UAE Ministry of Economy and Tourism sign MoU to coordinate oversight of auditors and DNFBPs
The Dubai Financial Services Authority and the UAE Ministry of Economy and Tourism signed a Memorandum of Understanding to enhance cooperation and information exchange on regulatory oversight of auditors and Designated Non-Financial Businesses and Professions, including in the Dubai International Financial Centre. The framework aims to strengthen transparency and integrity across financial and non-financial sectors, support coordinated supervision and enforcement in line with international best practices, and reinforce efforts to combat money laundering, terrorist financing and related illicit activities.