Introduction to DNFBPs Designated Non-Financial Businesses and Professions (DNFBPs) play a crucial role in the landscape of Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) efforts in the United Arab Emirates (UAE). By definition, DNFBPs refer to specific entities that, while not primarily engaged in financial activities, can nonetheless be abused for money laundering … Read more
Introduction to ADGM AML Rulebook The Abu Dhabi Global Market (ADGM) Anti-Money Laundering (AML) Rulebook serves as a crucial regulatory framework aimed at combating financial crime within the jurisdiction of ADGM. Established to align with international best practices, the rulebook is designed to prevent, detect, and report money laundering and terrorist financing activities among financial … Read more
Introduction to the ADGM AML Rulebook The Abu Dhabi Global Market (ADGM) has established a comprehensive Anti-Money Laundering (AML) Rulebook to combat financial crime effectively within its jurisdiction. This regulatory framework was crafted to align with international standards while addressing specific regional risks associated with money laundering and terrorist financing. The ADGM AML Rulebook serves … Read more
Introduction to DFSA and Anti-Money Laundering Regulations The Dubai Financial Services Authority (DFSA) is the independent regulatory agency responsible for the oversight of financial services conducted in the Dubai International Financial Centre (DIFC). Established in 2004, the DFSA plays a crucial role in ensuring the integrity of the DIFC’s financial ecosystem. One of its primary … Read more