Dubai's VARA Requires Crypto Firms to Update Risk Models Every 3 Months

According to Bitcoin.com, Dubai's Virtual Assets Regulatory Authority (VARA) released new guidance on June 16, requiring crypto enterprises to establish real-time risk scoring models using quantitative operational data and replace static tracking. The new rules mandate crypto firms update risk assessments at least every three months or immediately when significant operational or product changes occur. Enterprises must incorporate Financial Action Task Force (FATF) high-risk and blacklisted countries into the assessment system in real-time, and differentiate between proliferation financing and targeted financial sanctions risks without mixing them with standard anti-money laundering protocols. VARA also requires firms to formally document risks from emerging tools such as AI-driven operations and privacy-enhanced transactions, and demonstrate to regulators how assessment results directly inform resource allocation and daily compliance execution.
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