AML COMPLIANCE FOR VASPs UAE
AML Compliance for Virtual Asset Service Providers (VASPs) UAE
Comply with AML/CFT Regulations. Build Trust. Grow Securely.
VASPs in UAE are regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai and other relevant authorities across the UAE. We help you implement a robust AML compliance framework, meet regulatory obligations, and protect your business from financial crime risks.
UAE AML/CFT Law Compliant
KYC, CDD, EDD & UBO Compliance
goAML Registration Support
Transaction Monitoring & STR Filing
Risk-Based AML Approach
Travel Rule Compliance
Policies, Procedures & Controls
Staff Training & Awareness
Independent Review & Audit Support
Confidential & Professional Support
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AML Experts
Risk-Based Approach
Regulatory Compliant
Practical Solutions
Confidential & Secure
Training & Awareness
Ongoing Support
UAE-Wide Coverage
YOUR AML OBLIGATIONS AS A VASP IN UAE
Register with VARA
Comply with VARA regulations and obtain necessary approvals.
Customer Due Diligence
Perform KYC, verify identity and understand your customers.
Identify UBOs
Identify and verify the ultimate beneficial owners.
Monitor Transactions
Continuously monitor transactions and report suspicious activity.
Report to FIU
File Suspicious Transaction Reports (STRs) with UAE FIU via goAML.
Record Keeping
Maintain records for at least 5 years and ensure data protection.
Train Your Staff
Provide AML training to staff and raise awareness of AML obligations.
OUR AML COMPLIANCE SERVICES INCLUDE
- AML Compliance Gap Analysis
- AML Policies & Procedure Development
- AML Risk Assessment
- KYC, CDD, EDD & UBO Framework
- goAML Registration & MLR Support
- Transaction Monitoring Framework
- Travel Rule Compliance (FATF Standards)
- Sanctions Screening Implementation
- AML Training & Awareness Programs
- Independent AML Review & Audit Support
WHY CHOOSE DIGITAFFAIRS
- Experienced AML Compliance Professionals
- In-Depth Knowledge of VARA Regulations
- Tailored Solutions for VASPs
- Practical, Scalable & Risk-Based Approach
- End-to-End AML Compliance Support
- Confidential, Independent & Reliable
We help VASPs build a strong compliance culture and protect against financial crime risks and regulatory penalties.
WE HELP VASPs WITH
- VARA Regulatory Requirements
- UAE FIU goAML Guidance
- Risk-Based Compliance Framework
- Client Onboarding & Verification
- Transaction Monitoring & Alerts
- Suspicious Activity Reporting (STR)
- Record Keeping & Data Protection
- Regulatory Inspections & Support
WE ALIGN WITH UAE AML REGULATIONS & AUTHORITIES
VARA
Virtual Assets Regulatory Authority
FIU
Financial Intelligence Unit
Ministry of Economy
UAE
Cabinet Decision No. (10) of 2019
Regarding AML/CFT
Federal Decree Law No. (20) of 2018
On Anti-Money Laundering
goAML Portal
UAE FIU
FREQUENTLY ASKED QUESTIONS
Is AML compliance mandatory for VASPs in UAE?+
Yes. VASPs must comply with applicable UAE AML/CFT obligations and relevant virtual asset regulatory requirements.
What are the penalties for non-compliance?+
Penalties may include administrative fines, regulatory action, license restrictions, reputational damage and business disruption.
How do I register on the goAML portal?+
You need to prepare business, compliance and responsible-person details and submit registration through the UAE FIU goAML portal.
How long should we keep AML records?+
AML-related records should generally be kept for at least 5 years, subject to applicable UAE AML requirements.
What is the Travel Rule and is it applicable in UAE?+
The Travel Rule requires relevant originator and beneficiary information to accompany qualifying virtual asset transfers, subject to applicable regulatory requirements.
Can you represent us during regulatory inspections?+
Yes, we can support inspection readiness, documentation review, compliance gap analysis and remediation planning.
Who is VARA and what is its role?+
VARA is Dubai’s Virtual Assets Regulatory Authority responsible for regulating virtual asset activities in Dubai, subject to the applicable regulatory framework.
Do you provide AML training for our team?+
Yes, we provide AML/CFT training tailored for VASP teams and virtual asset compliance risks.
Stay Compliant. Stay Secure. Build Trust.
Partner with DigitAffairs for reliable and professional AML compliance services for VASPs in UAE.
- AML Compliance Framework
- VARA Support
- goAML Support