Virtual asset providers are subject to anti-money laundering regulations in the UAE.

#VASP regulatory obligations include developing an anti-money laundering and countering the financing of terrorism framework, applying customer due diligence measures to mitigate money laundering and terrorist financing risks, identifying and reporting suspicious transactions, etc.

Here is a simple guide to the AML compliance requirements of VASPs in the UAE, which summarizes the core of each AML obligation imposed on VASPs.

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