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ADGM Publishes Its Whistleblowing Framework |
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Abu Dhabi Global Market (ADGM) the international financial centre of the UAE’s capital, today announced the publication of its whistleblowing framework, a coordinated initiative between ADGM Authorities to sustain transparency, accountability and market integrity within the centre. The framework which is part of ADGM’s progressive business environment complements its existing regulatory frameworks and encompasses: * Protection for anonymous reporting in good faith of reasonably suspected misconduct. * Written policies and procedures for firms licenced by the FSRA, designated non-financial businesses or professions (DNFBPs) and large ADGM entities. The endeavours of ADGM market participants to operate in line with the highest global standards of business practice are also reflected strongly within the framework. Entities within the centre will implement proportionate arrangements to support effective whistleblowing by 31st May 2025. These arrangements need to be captured in writing by companies that are over a certain size or that carry additional financial crime risks. |
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