Regulatory Alerts2025-12-16
The United Arab Emirates’ Virtual Assets Travel Rule
The United Arab Emirates mandates that Virtual Asset Service Providers collect and verify specific originator and beneficiary data for all qualifying virtual asset transfers to combat financial crime. The regulation requires enhanced due diligence for transactions involving unhosted wallets, prohibits the execution of privacy token transfers, and imposes strict record-keeping and reporting obligations on both service providers and intermediary providers. Additionally, it establishes risk-based procedures for handling missing information and allows for reduced data requirements in specific domestic transfer scenarios.
Share