In this episode of The Riffle, we examine the UAE Travel Rule framework applicable to Virtual Asset Service Providers (VASPs) operating across the UAE.

We explore the regulatory architecture underpinning Travel Rule compliance, including mandatory collection, verification, and transmission of originator and beneficiary information, universal cross-border application, verification thresholds, and enhanced controls for higher-risk transfers.

The discussion covers the respective obligations of originator, beneficiary, and intermediary VASPs, supervisory expectations in relation to unhosted wallets, prohibited virtual assets, STR/SAR reporting requirements, and the Travel Rule’s function as a core AML and CTF safeguard within the UAE’s virtual asset ecosystem.

A concise regulatory briefing for boards, senior management, MLROs, compliance, risk, and legal teams seeking clarity on Travel Rule implementation and supervisory standards in the UAE.

🎙️ Presented by 10 Leaves