Dubai Land Department Honored Nationally for Outstanding Achievement in Anti-Fraud Measures
The Dubai Land Department (DLD) has been honored with the 'Best Practices - Anti-Fraud Category' award by the UAE Internal Auditors Association, signaling a significant achievement in its efforts to foster transparency and integrity within the real estate sector. The recognition highlights the department's groundbreaking work in establishing a comprehensive fraud risk management system that adheres to international standards and bolsters stakeholder trust in Dubai's property market.
The system is equipped with advanced data analytics tools for early fraud detection, smart whistleblowing platforms, and regular policy updates based on global benchmarks such as those set by the Association of Certified Fraud Examiners (ACFE). DLD's approach emphasizes transparency, accountability, and collaboration, as noted by Faisal Al Taheri, Director of the Internal Audit & Risk Department at DLD.
"This honor is a testament to our focus on transparency, accountability, and collaboration," said Al Taheri. The department's audit and oversight strategies are closely aligned with global best practices, serving to strengthen Dubai's position as a secure and appealing destination for real estate investment. This recognition supports the objectives of the Dubai Economic Agenda D33 and the Dubai Real Estate Strategy 2033, both aiming to elevate Dubai's global standing.
By setting new standards in fraud prevention, DLD continues to contribute to the long-term sustainability and competitiveness of Dubai's real estate sector. As a result, it plays a vital role in realizing the emirate's strategic vision for growth and governance. (End of article)
Relevance of Enrichment Data: The data provides a comprehensive overview of DLD's fraud risk management system, detailing key elements, strategies, and the system's impact. This information was used to clarify and strengthen the article's facts and context without letting it dominate the text.
- The Dubai Land Department's fraud risk management system, recognized with the 'Best Practices - Anti-Fraud Category' award, is fortified with advanced technology like data analytics tools, smart whistleblowing platforms, and global benchmarks such as those from the Association of Certified Fraud Examiners (ACFE).
- Faisal Al Taheri, Director of the Internal Audit & Risk Department at DLD, stated, "This honor is a testament to our focus on transparency, accountability, and collaboration," highlighting the department's audit and oversight strategies that align with global best practices.
- This recognition supports the objectives of the Dubai Economic Agenda D33 and the Dubai Real Estate Strategy 2033, enhancing Dubai's standing as a secure and attractive destination for real estate investment.
- By setting new standards in fraud prevention, DLD's initiatives contribute to the long-term sustainability and competitiveness of Dubai's real estate sector, aligning with the emirate's strategic vision for growth and governance, ultimately fostering investments in business and finance technology.
