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ADGM updates money laundering risk checks for legal entities

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Nivetha Dayanand·19 days ago
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Dubai: ADGM has updated its money laundering and terrorist financing risk assessment for legal persons and arrangements after the number of registered structures in the Abu Dhabi financial centre rose 72% in two years. The number of legal persons and arrangements operating in ADGM reached 12,302 at the end of March 2026, compared with 7,173 when the previous assessment was published in March 2024. The updated assessment gives ADGM a more detailed view of financial crime risks across different legal structures, including how those risks may change as the jurisdiction grows in size, complexity and international activity. Growth brings closer scrutiny The 2026 update revises ADGM’s first legal persons and arrangements risk assessment, which was issued in March 2024. The regulator said the expansion of the LPA population has a direct bearing on risk exposure, supervisory priorities and enforcement focus.…

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