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Month: December 2023

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UAE TIGHTENS GRIP ON CRYPTO WITH NEW AML RULES

UAE TIGHTENS GRIP ON CRYPTO WITH NEW AML RULES

The United Arab Emirates has introduced updated Anti-Money Laundering (AML) and sanctions rules that specifically address digital assets. This development, spearheaded by the Financial Services Regulatory Authority (FSRA), marks a pivotal moment in the UAE’s approach to managing the evolving landscape of digital finance. With these revisions, the UAE aims to enhance its vigilance against financial crimes in the crypto sphere, aligning with global standards and reinforcing its position as a leading financial hub.