Dubai’s VARA updates AML guidance, requiring crypto firms to track FATF high-risk lists in real time

Dubai’s Virtual Assets Regulatory Authority issued updated anti-money laundering guidance on June 12, pressing licensed crypto firms to rely on more data-driven and frequently refreshed risk assessments. The guidance requires virtual asset service providers to incorporate FATF high-risk and increased-monitoring jurisdictions into their compliance processes. It also raises expectations for ongoing risk monitoring and senior management oversight.