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Tag: VASPS

One Country, Five Regulators: What VASPs Actually Need in Their AML/CFT Policy to Operate in the UAE

Risk Simplifiers016 mins

One Country, Five Regulators: What VASPs Actually Need in Their AML/CFT Policy to Operate in the UAE The United Arab Emirates has positioned itself as the world’s most ambitious hub for virtual assets — and simultaneously, one of the most complex compliance landscapes any crypto founder or compliance officer will ever navigate. With five distinct…

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Financial Crime Insights: The FATF Travel Rule Is Two Years Overdue at Most VASPs. Here’s Why That’s Dangerous.

Risk Simplifiers018 mins

The FATF Travel Rule Is Two Years Overdue at Most VASPs — Here’s Why That’s Dangerous The Financial Action Task Force first extended Recommendation 16 — the so-called “Travel Rule” — to virtual asset service providers in June 2019. Six years later, FATF’s own data tells a sobering story: roughly 75% of jurisdictions have not…

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