When to file SAR under UAE AML Law?

The Financial Intelligence Unit (FIU) provides for filing a Suspicious Activity Report (SAR) when any red flags are observed in attempted or unexecuted transactions or while establishing a customer relationship. This infographic presents various indicators a business organization should consider while interacting with the proposed customer, suggesting the need to report the same to FIU through SAR.

AML UAE is a consultancy firm offering end-to-end solutions on AML compliance, including enlisting the red flags, advising around the identification of suspicion, and reporting the same on the goAML Portal.”