The Abu Dhabi Global Market’s (ADGM) financial regulator has announced an update to its anti-money laundering (AML) rulebook to crack down on terrorism financing and other shady financial activity.
The ADGM’s Financial Services Regulatory Authority (FSRA) disclosed key amendments to the Anti-Money Laundering and Sanctions Rules and Guidance, reflecting the changes introduced by the United Arab Emirates in 2023 following previous criticisms of its AML rules by global financial watchdogs.
The FSRA says the updates are an attempt by the…
