Government

In a move to deepen collaboration in combating financial crimes, H.E. Abdulla bin Touq Al Marri, UAE Minister of Economy and Tourism, met with H.E. Yahya Shunnar, Governor of the Palestine Monetary Authority and Chairman of the National Committee for Anti-Money Laundering. The high-level meeting focused on advancing bilateral cooperation in anti-money laundering (AML) and counter-terrorism financing (CFT) frameworks.

Also present at the meeting was H.E. Safia Al Safi, Assistant Undersecretary for the Commercial Control and Governance Sector at the Ministry of Economy.

Strengthening Financial Oversight and Stability

The discussions covered global trends in financial crime prevention, the growing risks of money laundering, and its potential to undermine economic stability and financial system integrity. H.E. Bin Touq briefed the Palestinian delegation on the UAE’s leading legislative and regulatory measures, highlighting continuous efforts to modernize frameworks in line with international standards.

“The UAE has built a globally recognized model for combating financial crime,” said Bin Touq. “Through the modernization of our frameworks, we have enhanced market compliance and strengthened the UAE’s position as a secure and competitive economy.”

UAE's Progress and Global Recognition

H.E. Bin Touq noted that the UAE's robust reforms have resulted in major international milestones, including its removal from the FATF grey list and more recently, from the European Parliament’s list of high-risk third countries for money laundering and terrorism financing.

He reaffirmed the UAE's commitment to supporting Palestine's financial governance efforts, adding that sharing expertise in AML/CFT is a priority under the UAE’s vision for regional economic development and cooperation.

Role of the National Economic Register

The meeting also included a detailed review of the National Economic Register (NER)—the UAE’s largest unified digital platform for commercial license data. The NER supports international compliance by integrating Ultimate Beneficial Ownership (UBO) data and enhances regulatory oversight for Designated Non-Financial Businesses and Professions (DNFBPs) such as real estate brokers, dealers in precious metals, accountants, auditors, and corporate service providers.

Shared Commitment and Capacity Building

Both sides expressed a strong commitment to strengthening bilateral cooperation and aligning regulatory and supervisory frameworks to curb financial crimes. They also emphasized the need for specialized training programs to equip financial professionals with the skills to identify and prevent emerging threats, thereby ensuring the financial integrity and resilience of both the UAE and Palestinian economies.

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