UAE Central Bank has signed a memorandum of understanding with Dubai Police to facilitate the exchange of information between the parties about the suspicious cases related to money laundering and terrorism financing.According to Emirates official news agency, the move is also aimed at establishing regular contact and effective communication between the two sides to exchange information, expertise and training.The MoU was signed by Governor of the Central Bank Sultan Al Suwaidi and Commander General of Dubai Police Lieutenant General Dahi Khalfan Tamim at a ceremony held at the General Headquarters of Dubai Police.Lt. Gen Dhahi Khalfan said, the agreement will pave the way to facilitate collection of evidence and investigation of activities related to money laundering and terrorist financing. Governor of the Central Bank Al Suwaidi has been quoted as saying that there is a need for joint efforts to put up a strong fight against dirty money and minimizing its risks to the UAE’s financial system. He added that UAE is co-operating with other nations to protect the financial systems from the dangers and negative effects of money laundering and terrorism financing.