ADGM pleased with the UAE being removed from the FATF list

Abu Dhabi Global Market (ADGM), the international financial centre of the capital city of the United Arab Emirates, congratulates the government of the UAE and the Higher Committee Overseeing the National Strategy for Anti-Money Laundering and Countering of Terrorism Financing, chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, on the Financial Action Task Force’s (FATF) decision to remove the UAE from the list of countries under enhanced due diligence due to concerns regarding anti-money laundering/countering the financing of terrorism.

FATF’s decision stands as a testament to the remarkable progress the UAE has made over the past two years in addressing its anti-money laundering (AML) and counter-terrorist financing (CTF) measures.

ADGM is committed to continuing its collaboration with the Executive Office of Anti-Money Laundering and Counter-Terrorism Financing, the CBUAE and other key stakeholders of the UAE in fortifying its AML/CTF framework and aligning with the UAE’s national risk assessment initiatives. This collaboration aims to safeguard the integrity of the UAE’s financial ecosystem through enhanced policies, procedures, and controls to effectively manage the risks of money laundering and terrorist financing.