The Central Bank of the United Arab Emirates (CBUAE) and the Dubai Public Prosecution (DPP) have announced the launch of an innovative electronic system dedicated to streamlining the settlement of blood money claims.
According to a CBUAE press release, the new electronic system will automate procedures and achieve the objectives of the “Zero Bureaucracy” programme by enabling electronic integration between DPP and licensed insurance companies through the CBUAE’s digital platform.
This initiative aims to enhance service quality, improve customer experience, protect consumers, and advance operational performance across the insurance sector and law enforcement entities in the UAE.
The new system ensures seamless settlement of blood money claims and strengthens coordination between the CBUAE, insurance companies, and DPP.
CBUAE Assistant Governor for Financial Crime, Market Conduct and Consumer Protection, Fatma Abdullah Aljabri, said, “The electronic system for settling blood money claims reflects the CBUAE’s commitment to digital transformation and the development of financial services, in line with the objectives of eliminating bureaucracy in the financial sector. This will also support the operational efficiency in both the financial and judicial sectors of the UAE.”
Senior Advocate General and Head of the Traffic Prosecution in Dubai, Counselor Salah Boufrousha Alfalasi, said that “this project represents a successful model of cooperation between the financial and judicial entities and lays a solid foundation to accelerate procedures and develop the blood money settlement matrix through advanced digital solutions that enhance efficiency within the judicial and financial systems of the state.”