#AML/CFT
The UAE is ushering in a new era of regulatory oversight for virtual asset activities. We speak to Karm Legal Consultants about what this means for virtual asset service providers
The agreement aims to enhance co-operation, co-ordination and information sharing between the DFSA and FIU to fulfill their respective obligations related to AML/CFT compliance
The new guidelines involve the use of digital ID systems by LFIs to address their customer due diligence obligations
The new requirements ensure the development of regulatory frameworks, leaving little or no room for manipulation or illegal practices