Abu dhabi: The Ministry of Economy and Tourism has entered into a strategic partnership with the Emirates Institute of Finance (EIF) to bolster national capabilities in financial supervision, governance, and anti-money laundering (AML) measures. This collaboration was formalized through a Memorandum of Understanding (MoU) signed at the Abu Dhabi National Exhibition Centre (ADNEC) during the EIF's Ethraa programme graduation ceremony. The signing was conducted by Safeya Hashim AlSafi, Assistant Undersecretary for the Control and Commercial Governance Sector at the Ministry, and Marwan Al Mheiri, CEO of the EIF.

According to Emirates News Agency, the MoU aims to develop specialized training programmes that will qualify compliance personnel within Designated Non-Financial Businesses and Professions (DNFBPs). This initiative is part of a broader effort to enhance risk assessment, due diligence, and monitoring of suspicious transactions in accordance with Financial Action Task Force (FATF) standards. The ultimate goal is to combat money laundering and terrorism financing more effectively.

The partnership also includes the exchange of research, technical reports, and the organization of joint workshops. These efforts are intended to support decision-making processes, improve institutional performance, and further the objectives of the 'We the UAE 2031' vision, which seeks to create a competitive and sustainable economy.