Go Back

The 2026 VARA Rulebook Update: What Every Licensed VASP in Dubai Must Know

Name: The 2026 VARA Rulebook Update: What Every Licensed VASP in Dubai Must Know
Address: Office No 3510, HDS Tower

0 (0 Reviews)

Dubai

Board-Level Governance and Accountability: Governance requirements now mandate direct Board oversight of operational and technology risks, ending the practice of delegating responsibility solely to compliance departments.
Enhanced AML/CFT Standards: Firms must implement FATF-aligned controls, including rigorous KYC, full Travel Rule adoption, and real-time transaction monitoring, to meet mandatory compliance thresholds.
Mandatory Client Asset Segregation: VASPs are required to maintain clear separation between firm and client funds, with transparent custody arrangements that remain legally enforceable during insolvency.
Technology Risk as a Compliance Core: Cybersecurity, incident response, and regular vulnerability testing are now core regulatory obligations integrated into a firm’s formal IT governance framework.
Strategic Value of Regulatory Credibility: Proactive compliance serves as a strategic business asset, establishing the institutional credibility necessary to attract capital in an increasingly selective market.

Phone

0551479655

Address

Office No 3510, HDS Tower

Website

Member since 3 months ago

View Profile

There are no reviews yet.

CDR Writing Services in Dubai for Engineers Australia – by CDRAustralia.Org