Dubai’s VARA tightens crypto AML rules, forcing fi
Dubai’s VARA tightens crypto AML rules, forcing firms to track FATF blacklists in real time#HTX Creation Challenge — Post and Win 1,500U 💥 #World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge
Dubai’s Virtual Assets Regulatory Authority has issued new anti-money laundering guidance that pushes licensed crypto firms toward more data-driven and frequently updated risk assessments.
The guidance, released on June 12, requires virtual asset service providers to integrate FATF high-risk and increased-monitoring jurisdictions into their compliance processes. It also raises expectations around risk monitoring, senior management oversight, AI-related risks, anonymity-enhancing transactions, and proliferation financing.
The update raises the compliance bar for one of the world’s most active crypto licensing hubs. NeosLegal estimates that more than 100 VASPs hold permits or approvals across UAE regulators, including VARA, ADGM, DFSA, CBUAE, and CMA.
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