What is VARA?

The Virtual Assets Regulatory Authority (VARA) is Dubai's dedicated regulator for virtual assets, established to oversee cryptocurrency exchanges, digital asset service providers, custodians, brokers, lending platforms, and other Virtual Asset Service Providers (VASPs).

VARA's objective is to create one of the world's most trusted and transparent digital asset ecosystems by setting clear regulatory standards for governance, risk management, cybersecurity, compliance, anti-money laundering (AML), consumer protection, and operational resilience.

Organizations operating under VARA are expected to maintain robust internal controls, demonstrate ongoing compliance, and effectively manage regulatory obligations throughout their business operations.

ServiceNow Integrated Risk Management (IRM)

ServiceNow Integrated Risk Management (IRM) is an enterprise platform that helps organisations manage governance, risk, and compliance from a single, unified solution.

IRM enables businesses to identify and assess risks, manage regulatory obligations, automate compliance processes, track internal controls, support audits, and monitor operational resilience in real time.

By connecting policies, risks, controls, and evidence, ServiceNow IRM provides complete visibility across the organisation, helping reduce manual effort, strengthen governance, and demonstrate compliance with confidence.

Regexac extends ServiceNow IRM with pre-configured regulatory accelerators, AI-powered automation, and industry-specific compliance content, enabling organizations to achieve faster implementation and continuous compliance.

Built on the Trusted ServiceNow Platform

Platform Security

  • Role-Based Access Control (RBAC)

  • Multi-Factor Authentication (MFA)

  • Single Sign-On (SAML 2.0 / OIDC)

  • Session management and timeout controls

  • Encryption in transit (TLS)

  • Encryption at rest (where supported by the ServiceNow platform)

  • Audit logging and activity history

  • Secure API authentication

  • High availability and resilience

  • Regular platform security updates

What Regexac adds

  • VARA regulatory content

  • AI-assisted compliance analysis

  • Automated control mapping

  • Policy management

  • Evidence collection workflows

  • Risk and control dashboards

  • Crypto-specific governance workflows

  • Automated gap assessments

  • Compliance reporting

  • ServiceNow-native data model and applications

How Regexac Helps

Regexac simplifies VARA compliance by transforming complex regulatory requirements into structured, automated governance workflows.

Our accelerator enables organisations to:

  • Map VARA regulations to policies and controls

  • Manage risks and regulatory obligations

  • Automate compliance assessments

  • Track evidence and audit readiness

  • Monitor operational and cyber risks

  • Support AML, sanctions, and governance processes

  • Maintain continuous compliance through automation

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