The latest compliance issues in wealth management across the UK, Europe, Middle East and Africa.

Abu Dhabi
A pair of Abu Dhabi-based financial organisations have inked a pact over swapping information and co-operating in enforcing rules within a free-trade zone in the Middle East jurisdiction.

The Registration Authority of Abu Dhabi Global Market has signed a memorandum of understanding with the Abu Dhabi Monitoring and Control Centre. The agreement uses the terms and standards of the control centre to ensure strong compliance with the jurisdiction of ADGM, the parties said in statement.  

“The resulting increase in safety and security measures will aim to instil greater business and investor confidence in ADGM and Abu Dhabi as a whole,” Dhaher Bin Dhaher Al Mheiri, CEO of the ADGM Registration Authority, said.