Financial & Cyber Crime Prevention

Money Laundering (ML) and Terrorist Financing (TF) are two major risks that threaten economic growth and social stability through the illicit flow of funds and illegal activities. Banks and financial institutions are highly exposed to ML and TF risks in their daily operations with customers and other associated parties.

Financial and Cyber Crime Prevention was established to lead ADGM’s efforts in promoting sound practices in financial crime compliance which include AML/CFT, and compliance with international tax reporting obligations (i.e. FATCA, CRS).

As an international financial centre, different sectors and businesses, products and services are vulnerable to these risks, too. Other Designated Non-Financial Businesses and Professions (DNFBPs) such as lawyers, accountants and auditors, company service providers, are also exposed to these risks in their business transactions.

Financial Services Regulatory Authority is the competent authority for AML/CFT compliance which is committed to develop a robust regulatory framework and provide a safe environment for FIs and DNFBPs to operate within.

Financial and Cyber Crime Prevention adopts the risk-based approach and considers financial innovation in its strategic plans and operational tasks to ensure it achieves the highest possible level of efficiency and effectiveness.

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