2024-07-11 22:04:17
The Abu Dhabi Global Market has launched a Whistleblower Regulatory Framework, an initiative made possible by integrating the efforts of Abu Dhabi Global Authorities to uphold the principles of transparency, accountability and integrity in the international financial centre.
The regulatory framework includes dedicated systems to enhance the culture and requirements for protected disclosure. It provides a clear internal and external channel for reporting possible breaches of Abu Dhabi’s global legislation or suspicions of financial crime.
Protect unknown, good faith reports of suspected misconduct. Integrate anti-retaliation protection procedures into current work systems to protect employees of Abu Dhabi Global entities from any retaliatory measures for disclosing and reporting violations.
and corporate governance requirements to support whistleblowing across all Abu Dhabi global entities. Policies and procedures for companies authorized by the Financial Services Supervisory Authority, designated non-financial businesses and professionals and principal companies of Abu Dhabi Global.
Institutions operating in Abu Dhabi Global will have until May 31 next year to implement appropriate procedures to support effective reporting of breaches. Additional requirements apply to companies that exceed a certain size or may be more vulnerable to financial crime risks.
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