VAF Compliance ( Virtual Assets Forensics) a compliance service provider to retail investors, banks and financial institutions, has announced that it has obtained a license from DIFC ( Dubai International Finance Center) in UAE and opened its office to serve the MENA region.
Being licensed and based in Dubai, United Arab Emirates enables VAF to have international exposure, giving the team a chance to create tailor-made forensic reports for clients worldwide and helping them to develop long-lasting relationships with banking partners.
Gilson Ribeiro Da Costa, Co-founder and Managing Partner at VAF Compliance, stated “The UAE is a global leader in digital assets and blockchain technology, with the recent Virtual Assets Federal License announcement and the Emirates Blockchain Strategy 2022, we now have a clear path that will reinforce the UAE as the global hub for blockchain and Virtual Assets innovation. We chose to be based in the UAE because we know that the country is working to establish a clear regulatory framework which will allow companies in the digital assets space to operate easily and with clarity. As a DIFC licensed entity, VAF Compliance acts as a trusted partner to those interested in digital assets both within the region and worldwide.
The company serves a broad spectrum of clients, including law enforcement agencies, government entities, NFT projects, cryptocurrency millionaires, financial institutions, banks and law firms. VAF Compliance offers forensic reporting for digital assets, ensure that all wallets are KYC and KYT compliant and ready for onboarding. VAF Compliance also offers training in how to navigate the world of cryptocurrencies, protect investments, and prepare organizations for the future.
VAF provides users with an integrated, automated virtual asset compliance solution that is tailored to your risk appetite and enables you to meet regulatory standards. The team can, screen crypto transactions for AML/CFT and sanctions risk, detect and analyze unusual transactions in real-time, create a full audit trail of virtual assets transactions.
As the crypto blockchain scene heats up in UAE, prior to this UAE KARM Legal signed an agreement with Swiss Crypto compliance to offer KYC and compliance services for virtual and crypto assets in the UAE.