Abu Dhabi International Financial Centre FSRA revises anti-money laundering rules, emphasizing that the Travel Rule applies to virtual assets

ChainCatcher news, the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi International Financial Centre has announced revisions to its anti-money laundering and sanctions rules and guidelines to clarify the requirements previously outlined in the anti-money laundering rules. This reflects the UAE's federal regulatory framework aimed at combating money laundering, terrorist financing, and proliferation financing, as well as ensuring compliance with targeted financial sanctions rules. In particular, some subtle drafting changes have been made to the wire transfer provisions to more clearly indicate that the Financial Action Task Force (FATF) "Travel Rule" applies to virtual assets.