Featured Abu Dhabi

Singapore consults on money laundering risks to payment services

KYC360 News Singapore’s central banking authority is seeking views on plans to regulate risks to payment services such as money laundering and terrorism financing. The Monetary Authority of Singapore (MAS) has published its second consultation on the Payment Services Bill which also aims to empower it to set… Read More

Abu Dhabi gives Malaysia 1MDB new extension for missed $600 million payment

ABU DHABI/KUALA LUMPUR (Reuters) – Abu Dhabi has once again extended a deadline for troubled state fund 1Malaysia Development Bhd (1MDB) – the subject of allegations of fraud and money-laundering – to make a debt payment of over $600 million that was originally due at the end of July. Read More

Dubai: Many officers ‘lack confidence in AML programmes’

A substantial number of compliance officers (about 44 per cent) lack confidence in the anti-money laundering (AML) programmes of their organisations, according to a new report. Read More
15th September 2016
The MoU is intended to facilitate cooperation on the supervision of cross-border establishments and the exchange of information Read More
15th June 2016
The Cayman Islands Monetary Authority (CIMA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) signed a Memorandum of Understanding (MoU) putting in place a framework for mutual assistance and exchange of information to foster high standards of regulatory practice and compliance in both jurisdictions.  The… Read More
13th March 2016
One57’s construction was funded by a subsidiary of an Abu Dhabi company linked to a global money laundering investigation, according to the New York Post. Read More
18th February 2016
ABU DHABI - The Jersey Financial Services Commission, JFSC, today signed a landmark Memorandum of Understanding, MoU, with the Financial Services Regulatory Authority, FSRA, of Abu Dhabi Global Market, ADGM, which puts in place a formal mechanism to enable the regulatory authorities to co-operate on supervisory matters and exchange of information to maintain the stability and well-being of the financial systems in each respective capital market. Read More