Dubai Police and BitOasis partner to enhance security efforts

Dubai Police and BitOasis partner to enhance security efforts

The General Department of Criminal Investigation at Dubai Police has signed a Memorandum of Understanding (MoU) with BitOasis Technologies to strengthen cooperation, foster partnership ties, and enhance security efforts. The MoU also aims to bolster collaboration and exchange expertise in addressing economic crimes and exploring their future trends.

Brigadier Al Shamsi highlighted the importance of partnerships between Dubai Police and private sector entities, emphasizing their role in creating predictive frameworks that align with global economic, criminal, and technological changes. “These collaborations enable the implementation of proactive measures to enhance the security system effectively and efficiently,” he said.

Al Shamsi remarked, “Dubai is a global hub for business and investment, and Dubai Police is committed to strengthening its security framework through close collaboration with internal and external partners. Our strategic plans are designed to anticipate future challenges, particularly in combating economic crimes, which have become increasingly sophisticated due to growing reliance on technology in both professional and personal practices worldwide. Therefore, we continuously adapt to these trends to ensure that Dubai remains the safest city in the world.”

As part of the partnership, Dubai Police and BitOasis will exchange expertise to proactively enhance the safety of consumers and the virtual assets ecosystem. This initiative aligns with the UAE’s National Strategy for Anti-Money Laundering and Countering the Financing of Terrorism for 2024-2027, reinforcing our shared commitment to consumer protection and innovation.

Ola Doudin, CEO of BitOasis, expressed enthusiasm about the partnership, stating that the MoU represents a significant step towards achieving shared goals through exchanging expertise and knowledge. “This agreement opens new avenues for collaboration with Dubai Police and provides an opportunity to work together on innovative initiatives and projects across various fields,” Doudin said.

She added, “We are thrilled to deepen our partnership with Dubai Police. This collaboration is a pivotal step in our mission to enhance security and trust within the virtual assets ecosystem. By uniting our expertise, we aim to proactively safeguard consumers and drive technological innovation in line with Dubai’s economic vision.”

This comes in parallel with Crystal Intelligence MOU with Dubai Police and BitOasis.

Dubai Police collaborates with Crystal Intelligence to identify crypto crimes in digital era

Dubai Police collaborates with Crystal Intelligence to identify crypto crimes in digital era

Crystal Intelligence an advanced blockchain analytics and on-the-ground intelligence firm empowering financial institutions, governments & regulators in the fight against cryptocurrency crime, has signed an MOU ( Memorandum of Understanding) with Dubai Police in specific the Department of Criminal Investigation.

As per the blog post, the partnership aims to promote collaboration in identifying and predicting future economic crimes, an increasingly important issue as digital threats continue to evolve.

“At Dubai Police, we are committed to strengthening our security infrastructure by collaborating with internal and external partners. Based on global studies, the General Department of Criminal Investigation develops strategic plans that anticipate future security challenges, including economic crimes, which are becoming more sophisticated,” stated Brigadier Al Shamsi. “As countries and individuals increasingly rely on technology in both professional and personal spheres, we must adapt to these trends to ensure that Dubai remains the safest city in the world.”

Navin Gupta, CEO of Crystal Intelligence, highlighted the importance of this collaboration, describing the MoU as a strategic milestone. “This partnership underscores Crystal Intelligence’s commitment to working closely with Dubai Police to share knowledge and expertise across various fields. Together, we aim to develop and implement high-impact initiatives and projects that will strengthen our collaboration,” Gupta added.

A month prior to this Crystal Intelligence announced that BitOasis, crypto exchange would be utilizing Crystal’s advanced blockchain analytics and anti-money laundering (AML) solutions setting a new standard for compliance and security in the region.

Using Crystal Intelligence AML and transaction monitoring technology, BitOasis would have access to real-time insights and analytics designed to prevent fraud and ensure compliance with regional regulations.

At the time of the announcement, Navin Gupta, CEO of Crystal Intelligence, notes, “The UAE, with its forward-thinking approach, is poised to become the Crypto Capital of the world. With our blockchain intelligence expertise, we are proud to empower licensed firms like BitOasis to keep their platform and users safe.”

By integrating Crystal’s blockchain intelligence capabilities, BitOasis will not only bolster its compliance framework but also lead the way in establishing best practices for crypto regulations in the region. The partnership underscores the importance of aligning technological innovation with robust regulatory standards, ensuring that the growth of the digital assets space is both secure and sustainable.

Crystal’s recent announcement of opening a new office in Dubai, highlighting its commitment to serving the MENA region. As regulations continue to evolve in this fast-paced sector, Crystal aims to provide its partners with the tools they need to stay ahead of compliance challenges.