The Abu Dhabi Global Market updated its Anti-Money Laundering and Counter-Terrorist Financing and Risk Assessment of Legal Persons and Arrangements (LPA) in a comprehensive revision of the initial assessment published in March 2024.
This updated assessment provides a nuanced jurisdiction-specific understanding of the AML/CTF risks associated with LPAs within ADGM, forming a critical element of its risk-based regulatory framework.
The number of LPAs operating in ADGM has surged by approximately 72% between March 2024 and March 2026. This growth underscores the necessity for a detailed reassessment of AML/CTF risks as ADGM expands in scale and complexity.
ADGM is required to identify, assess and understand the money laundering and terrorist financing risks associated with Legal Persons and arrangements established in its jurisdiction.
The updated assessment reflects not only the local conditions but also incorporates developments from the UAE National Risk Assessment, enhancing the understanding of financial crime risk within the jurisdiction.
The FATF removed the UAE from the ‘grey list’ in 2024 whilst Kuwait was added to the list earlier this year.
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