VASPs in Abu Dhabi must register with FSRA and follow AML rules. Scorechain offers tools to simplify compliance in the ADGM financial zone.
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The Financial Services Regulatory Authority (or FSRA) is a financial market regulator in Abu Dhabi Global Market (ADGM). The ADGM is a financial-free zone in the United Arab Emirates (UAE).
The FSRA must provide VASPs with a license before they can start offering to provide financial services within the Abu Dhabi Global Market. VASPs must comply with relevant AML/CFT regulations established in the area.