Dubai’s VARA tightens crypto AML rules, forcing firms to track FATF blacklists in real time

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...