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<ul class="news-points"> 
 <li>The Financial Services Regulatory Authority (FSRA) in the UAE updates Anti-Money Laundering (AML) and Sanctions Rules.</li> 
 <li>The AML Rulebook aims to strengthen measures against money laundering, terrorism financing, and proliferation financing.</li> 
 <li>Notable adjustments emphasize adherence to the FATF’s ‘Travel Rule’ for virtual assets.</li> 
</ul> 
The Financial Services Regulatory Authority (FSRA) in the United Arab Emirates has <a href="https://www.adgm.com/media/announcements/adgm-fsra-announces-revisions-to-its-aml-and-sanctions-rules-and-guidance" target="_blank" rel="nofollow">issued</a> updates to its Anti-Money Laundering (AML) and Sanctions Rules and Guidance, referred to as the AML Rulebook. 
The updated AML Rulebook will help strengthen regulatory measures against money laundering, terrorism financing, and proliferation financing. These modifications will build upon the existing guidelines of the <a href="https://coinedition.com/tag/uae/">UAE</a>. 
One notable adjustment involves refining provisions related to wire transfers, explicitly emphasizing adherence to the Financial Action Task Force’s (FATF) ‘Travel Rule’ concerning virtual assets. 
The revisions outlined in the AML Rulebook apply to a spectrum of entities falling under its purview. This encompasses approved entities within the financial services sector and designated non-financial businesses and professions. …
The post <a href="https://coinedition.com/uaes-fsra-strengthens-crypto-regulations-in-latest-aml-update/">UAE’s FSRA Strengthens Crypto Regulations in Latest AML Update</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

UAE’s FSRA Strengthens Crypto Regulations in Latest AML Update

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