First Abu Dhabi Bank (FAB) PJSC, its branches, subsidiaries and affiliates are committed to the highest standards of Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), Anti-Bribery and Corruption (AB&C) and are obliged to comply with international sanctions, ensuring transparency in all its business activities.
FAB is regulated in the UAE by the Central Bank of United Arab Emirates (CBUAE) and is also authorised by the Securities and Commodities Authority (SCA) as a Securities Services Provider. FAB has zero tolerance for actions and activities that knowingly and/or intentionally breach Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), Sanctions and Anti Bribery and Corruption (AB&C) laws and regulations.
FAB has developed and implemented a comprehensive Financial Crime Compliance program to help protect the Bank, both its clients and affiliates from the risks of money laundering, terrorist financing and other financial crimes.
The foundation of FAB’s Group-wide Financial Crime Compliance program are its AML/CTF, Sanctions and AB&C policies, which provides a globally consistent framework around systems, products, processes and controls to identify and mitigate financial crime risks; and comply with the applicable laws & regulations. These apply to all staff globally and FAB requires compliance with these obligations.
FAB continuously endeavors to strengthen its financial crime control environment by investing in its employees, processes and by deploying industry-leading technology, reviewing its appetite and changes to the external environment.