News DeskDubai, UAE – In a significant move to bolster efforts against fraud and financial crime, Visa, a global leader in digital payments, has signed a Memorandum of Understanding (MoU) with Dubai Police to collaborate on the Operation Center for Economic Crimes (OCEC). The agreement highlights the commitment of both organizations to combating fraud while strengthening their longstanding partnership.
The signing ceremony was attended by key figures from Dubai Police, including His Excellency Lieutenant General Abdullah Khalifa Al Marri, the Commander-in-Chief of Dubai Police. Representing Visa was Dr. Saeeda Jaffar, Visa’s SVP and Group Country Manager for GCC, along with other executives.
The OCEC, located at the Dubai Police HQ, utilizes innovative methods and cutting-edge technology to protect residents, businesses, and local communities against financial crimes. Lt. Gen. Abdullah Khalifa Al Marri emphasized the importance of joint cooperation to enhance information exchange about economic and financial crimes.
Dr. Saeeda Jaffar of Visa acknowledged the evolving sophistication of scams in today’s digital-first world and emphasized the OCEC as a decisive step forward in the fight against financial crime. The agreement reflects Visa’s commitment to collaborating with public and private sector partners to protect consumers, businesses, and the broader payments ecosystem.
Under the terms of the agreement, Visa will play a crucial role in establishing the goals, structure, and processes of the OCEC. This includes organizing knowledge transfer, conducting training and workshops on payment security and financial crime, and actively participating in live investigation cases. The collaboration builds upon Visa’s previous initiatives with Dubai Police, such as the annual Stay Secure campaign launched in 2020 to fortify efforts against fraud and cybercrime.
