GuestPosts.Biz
ONLY webinars - visit onlywebinars.com ONLY webinars - visit onlywebinars.com
Advanced Search
Home / News / Company News
Company News
   


ADGM Publishes Its Whistleblowing Framework
(11 July 2024)

 

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:

* Dedicated regulations that recognise and protect good faith reporting of ‘protected disclosures’.
*Availability of internal and external channels for reporting reasonably suspected breaches of ADGM legislation or financial crime.

* Protection for anonymous reporting in good faith of reasonably suspected misconduct.
*Non-retaliation protections integrated into existing employment regulations to guard employees of all ADGM entities against retaliation for speaking up.
*Good governance requirements to support whistleblowing for all ADGM entities.

* 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.

The whistleblowing framework provides a solid foundation that ADGM continuously builds upon and strengthen, ensuring the highest international business standards are upheld.



We accept Guest Posts

Download the Dubai City Guide iPhone mobile app


DubaiCityGuide.com is owned and managed by Cyber Gear



advertisement info

  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     

 
email print
 
       
       
       
       


News Alerts
News Alerts
Stay ahead with abu dhabi news
dcg mobile
adcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Abu Dhabi Blog
Your space, your voice
sitemap
Sitemap
ADCG at a glance