The Abu Dhabi Global Market (ADGM) has made changes to its regulatory framework for combatting money laundering, the financing of terrorism and the financing of unlawful organisations.

Under the enhanced ADGM AML Regime, relevant persons, including ‘designated non-financial businesses and professions’ who operate in the region must be registered under the ADGM AML regime and comply with the framework’s obligations under this framework within the next year.

These enhancements follow a public consultation, where the proposed changes received positive feedback.

Designed  to support and increase the UAE...