Overview Jurisdiction Al Reem Expansion Authorities Initiatives ADGM Academy Arbitration Centre Overview Business areas Setting up Operating in Public registers Legal framework Regulation Awareness Collaboration Ecosystem ADGM Sustainable Media News Events Spotlight Podcasts Publications Support Make an enquiry Whistleblowing FAQs
A platform that offers limitless opportunities and paves the way for a brighter future

Abu Dhabi boasts first-class infrastructure and unparalleled global connectivity, making it a premier international destination. Its exceptional qualities make it an ideal location to live, work, and conduct business.

Read about Abu Dhabi's lifestyle
Latest initiatives ADGM Announces Incentive Initiative for Existing Al Reem Island Businesses Transitioning to ADGM ADGM Marks Its Presence on Al Reem by Hosting its First Community Event on the Island
Providing an environment that empowers the future

A financial centre that provides transparency, efficiency, and integrity, through its progressive frameworks, future focused infrastructure, all within a familiar independent legal jurisdiction – ADGM is the perfect platform for success.

Find out how to set up in ADGM
Latest news Under the patronage of HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan ADFW to return in December 2024 under the theme ‘Welcome to the Capital of Capital’ ADGM Academy and Ethara Sign an MoU to Develop Next-gen Emirati Talent
Preserve our economies and environment for future generations

ADGM, the centre for a transparent and thriving sustainable finance ecosystem.

More about our Sustainability vision
Highlights ADGM, the Region's Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28 ADGM Implements its Sustainable Finance Regulatory Framework
Stay up-to-date with our wide range of available resources

Our community of business professionals, entrepreneurs, and investors can depend on ADGM to provide timely news and reliable insights.

Read our latest news articles
Upcoming events LINK Networking Series FSRA: Policy & Legal Legislative Update Session
We are here to help

At ADGM, we offer various support options, including contact details, FAQs, enquiry forms, and a whistleblowing form.

View available support options
Some of our FAQ topics
  • Getting started
  • Foundations regime
  • Resolution for incorporation
  • Existing auditors
  • New auditors
  • Announcement


    DNFBPs fined by the ADGM Financial Services Regulatory Authority for breaching regulatory reporting requirements

    ADGM 02/06/2021
    DNFBPs fined by the ADGM FSRA for Breaching Regulatory Reporting Requirements

    The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has imposed financial penalties of between $5,000 to $10,000 on eight Designated Non-Financial Business or Professions (DNFBP) for contraventions of the Anti-Money Laundering and Sanctions Rules and Guidance (AML) Rules.

    The FSRA found that the eight DNFBPs had failed to submit their annual AML Returns for the period from 1 January 2019 to 31 December 2019, by 30 April 2020.

    A key objective of the FSRA is to prevent, detect and restrain conduct that causes or may cause damage to the reputation of ADGM as well as to promote the safety and soundness of the firms which it regulates. By failing to submit their AML Returns on a timely basis, the DNFBPs had denied the Regulator access to important information concerning their compliance with AML Rules for a prolonged period of time.

    Emmanuel Givanakis, Chief Executive Officer of the FSRA, said: “The ADGM places great importance in maintaining a robust regulatory reporting framework which assists in preventing financial crime and supports the UAE’s efforts in combating money laundering and terrorist financing activities. DNFBPs and their Money Laundering Reporting Officers (MLRO) should be fully aware at all times of the requirements of the AML Rules. The FSRA will take enforcement action against entities that are in non-compliance of its AML Rules, including those who have failed to comply with their reporting obligations.”

    A copy of the FSRA’s Final Notices can be found on the ADGM website here: ADGM FSRA Regulatory Actions.