Compliance
Compliance Corner: Abu Dhabi
The latest compliance issues in wealth management across the UK, Europe, Middle East and Africa.
Abu Dhabi
A pair of Abu Dhabi-based financial organisations have inked a
pact over swapping information and co-operating in enforcing
rules within a free-trade zone in the Middle East
jurisdiction.
The Registration Authority of Abu Dhabi
Global Market has signed a memorandum of understanding with
the Abu Dhabi Monitoring and Control Centre. The agreement
uses the terms and standards of the control centre to ensure
strong compliance with the jurisdiction of ADGM, the parties said
in statement.
“The resulting increase in safety and security measures will aim
to instil greater business and investor confidence in ADGM and
Abu Dhabi as a whole,” Dhaher Bin Dhaher Al Mheiri, CEO of the
ADGM Registration Authority, said.
