Abu Dhabi, UAE: Abu Dhabi Global Market (ADGM) has published five ‘Quick Guides’ specifically designed for Designated Non-Financial Businesses and Professions (DNFBPs), in support of the UAE’s vision and commitment to combat financial crime, and as part of its strategic objectives. The guides are aimed at raising awareness and understanding of key AML/CFT and sanctions obligations among the DNFBP sector operating within the international financial centre of the UAE’s capital.

The guides are crafted with a clear objective of assisting DNFBPs by providing an easy-to-read overview of key AML/CFT requirements covering five key topics as mentioned below:

  1. Know Your Customer (KYC)
  2. Customer Due Diligence (CDD)
  3. Customer Risk Assessment (CRA)
  4. AML/CFT Governance Frameworks
  5. Targeted Financial Sanctions (TFS)

In addition to providing an overview of specific requirements that apply to ADGM-registered DNFBPs, these guides will also assist DNFBPs in developing adequate systems and controls for combatting Money Laundering and Terrorism Financing (ML/TF).

All published guides are available on ADGM’s website and can be accessed by clicking HERE.

About Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market (ADGM) is the international financial centre (IFC) of the capital city of the United Arab Emirates, which opened for business on 21st October 2015. ADGM augments Abu Dhabi’s position as a leading financial centre and a business hub serving as a strategic link between the growing economies of the Middle East, Africa, South Asia and the rest of the world.

Operating within an international regulatory framework based on direct application of The English Common Law, ADGM governs the entire Al Maryah Island and Al Reem Island which is designated as the financial free zone of Abu Dhabi.

ADGM is ranked as one of the most preferred top IFCs in the Middle East and Africa region and named MENA’s largest Fintech hub. Its progressive and inclusive business ecosystem gravitates toward global financial and non-financial institutions while leveraging synergies between ADGM and multiple jurisdictions positioned as one of the world’s most advanced, diverse and progressively governed financial hubs.

For more details on ADGM, please visit www.adgm.com or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)

For media queries please contact: 
Simon Hailes 
Head of Middle East  
Edelman Smithfield
E: simon.hailes@edelmansmithfield.com  
Kaja Mhisen
Corporate Communications, ADGM 
E: media@adgm.com