The Central Bank launches the first electronic system with the Dubai Public Prosecution to settle blood money claims

The Central Bank of the United Arab Emirates and the Public Prosecution of the Emirate of Dubai announced the launch of an innovative electronic system specialized in settling blood money claims procedures.

The launch of the new electronic system comes as an embodiment of the vision of the wise leadership to automate procedures and achieve the goals of the zero-bureaucracy program in settling blood money claims through electronic linking between the Public Prosecution of the Emirate of Dubai and licensed insurance companies through the digital platform of the Central Bank, which contributes to raising the quality of services and improving the customer experience, in addition to protecting the consumer and developing operational performance in the insurance sectors and law enforcement agencies in the country.

The system achieves smooth settlement of blood money claims and enhances the efficiency of coordination between the Central Bank, insurance companies and the Public Prosecution of the Emirate of Dubai.

A memorandum of understanding was signed between the Central Bank and the Public Prosecution of the Emirate of Dubai, with the aim of enhancing joint cooperation and raising the efficiency of services in this regard.

The signing of the memorandum was witnessed by Khaled Mohammed Al-Amaa, Governor of the Central Bank, and Counselor Essam Issa Al-Humaidan, Attorney General of the Emirate of Dubai, and it was signed by Fatima Abdullah Al-Jabri, Assistant Governor of the Central Bank for Financial Crimes Sector Affairs, Market Behavior and Consumer Protection, and Counselor Salah Boufarousha Al-Falasi, First Public Advocate, Head of the Traffic and Traffic Prosecution in Dubai, in the presence of the Governor’s assistants, and a number of senior officials from both sides.

Fatima Al Jabri said that the electronic system for settling blood money embodies the Central Bank’s commitment to digital transformation and the development of financial services, and achieving the goals of zeroing out bureaucracy in the financial sector, which contributes to enhancing confidence in the financial system, protecting consumers, and improving oversight tasks over licensed insurance companies, in addition to supporting operational efficiency in the financial and judicial sectors in the country.

Salah Al Falasi said that the project represents a successful model of cooperation between financial and judicial authorities, and lays a solid foundation for accelerating procedures and developing the blood money system through advanced digital solutions that enhance efficiency in the country’s judicial and financial operations system.