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 ADGM Publishes its Whistleblowing Framework ADGM’s FSRA issues alert concerning fraudulent website - Sterwa Holdings
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 ADFW 2024
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
  • DNFBPs

    Designated Non-Financial Businesses and Professions (DNFBPs) are defined by FATF as:

    • Real estate agents
    • Dealer in precious metals or precious stones
    • Dealer in any saleable item of a price equal to or greater than USD 15,000
    • Lawyers, notaries, other independent legal professionals and accountants. This refers to sole practitioners, partners or employed professionals within professional firms. It is not meant to refer to internal professionals that are employees of other types of businesses, nor to professionals working for government agencies, who may already be subject to AML/CFT measures
    • Trust and Company Service Providers. This refers to all persons or businesses that are not covered elsewhere under these Recommendations, and which as a business, provide any of the following services to third parties:
      • acting as a formation agent of legal persons
      • acting as (or arranging for another person to act as) a director or secretary of a company, a partner of a partnership, or a similar position in relation to other legal persons
      • providing a registered office, business address or accommodation, correspondence or administrative address for a company, a partnership or any other legal person or arrangement;
      • acting as (or arranging for another person to act as) a trustee of an express trust or performing the equivalent function for another form of legal arrangement
      • acting as (or arranging for another person to act as) a nominee shareholder for another person


    DNFBPs play a key role in protecting financial systems and economies from ML and TFS risks

    As gatekeepers, they are exposed to tremendous amounts of information, and act on behalf of their customers in many transactions. Some of these transactions are highly vulnerable to ML/TFS risks due to the nature of the product or service offered by DNFBPs. Some examples could be the following:

    • A lawyer or legal services provider structuring different legal arrangements for its customers
    • An accountant or auditor who provides professional services to prepare and arrange financials for group of companies while dealing with different accounting activities
    • A dealer in precious metals selling high-value items and accepting payments in cash

    FATF recommendations set the main requirements and expectations from DNFBPs, under the UAE Federal Law, where DNFBPs are required to meet certain obligations. ADGM AML rules specify these obligations under FATF recommendations and UAE Federal Law.

    All relevant persons who are conducting one or more of the activities classified as DNFBPs are required to be in compliance with ADGM AML Rules.

    If you have questions or need any assistance, we're here to help