The United Arab Emirates (UAE) has increased restrictions by updating its anti-money laundering and sanctions rules.
UAE Financial Services Regulatory Authority (FSRA) on 21 December Addressing Anti-Money Laundering (AML) and sanctions rules published the changes.
My Country in the shared details Financial Action Task Force (FATF)It was stated that it made some changes to the cryptocurrency provisions in the Travel Rule.
In this context, related to cryptocurrency transactions international bank transfer The institution, which aims to monitor transactions, has toughened its stance towards the fight against terrorism and money laundering.
Making a statement on the subject, Cryptos Consultancy CEO Ali Jamalstated that this step will provide a clearer regulatory framework:
These changes serve to ensure strict compliance with financial sanctions aimed at improving clarity and compliance with the UAE’s strong federal regulatory framework that combats money laundering, terrorism financing and proliferation financing.
A similar step was taken last June G-7 committee supported by Japan It was thrown by. In the statement made at that time, it was stated that a framework for global standards should be drawn and integration in this direction should be accelerated.