The Internal Audit Office of the Department of Land and Real Estate Regulation in Ajman held a workshop on combating money laundering in the real estate sector, in collaboration with the UAE Internal Auditors Association. The workshop was attended by a number of employees and officials from various departments and divisions.

His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, emphasized that this workshop is part of the Department’s ongoing efforts to qualify employees and equip them with the knowledge and tools necessary to address money laundering crimes in the real estate sector. He noted the importance of regulating all real estate transactions through precise procedures and effective, integrated internal control systems that ensure early detection of all types of fraud and help identify the sources of suspicious funds related to real estate.

Hiba Al Nuaimi, Director of the Internal Audit Office, explained that the workshop focused on understanding money laundering risks in the real estate sector, identifying types of money laundering, and understanding the regulatory framework governing real estate in the UAE, as well as enhancing skills in reporting suspicious transactions and preventing fraudulent activities before they occur. She affirmed the Department’s commitment to raising awareness among employees and stakeholders about the need to combat money laundering in real estate transactions and the dangers of using such funds to finance internationally prohibited and illicit entities.