Dubai’s VARA requests increased compliance from VASPs operating in UAE

The Dubai Virtual Assets Regulatory Authority (VARA) has published a circular requesting that VASPs adhere to the AML requirements for the updated list of high-risk jurisdictions set by the FATF. In its communication, VARA requested that Virtual Asset Service Providers (VASPs) comply with all compulsory rulebooks, especially the Compliance and Risk Management Rulebook. As per

Source: Cryptopolitan