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UAE Authority Updates Anti-Money Laundering Measures to Implement FATF’s Travel Rule

The Financial Services Regulatory Authority (FSRA), a financial regulatory body in the United Arab Emirates, has released an updated version of its Anti-Money Laundering (AML) and sanctions rules specifically tailored for digital assets. In an official announcement on December 21, the FSRA expressed its commitment to staying ahead in the ever-evolving financial landscape. The amendments to the AML Rulebook encompass nuanced changes related to digital assets within the framework of the Financial Action Task Force’s (FATF) Travel Rule. Notably, the revised framework explicitly enforces the FATF’s Travel Rule on digital assets.

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