When to file STR under UAE AML Law?

The Financial Intelligence Unit (FIU) provides for filing a Suspicious Transaction Report (STR) when any red flags are observed during the customer onboarding process or executing a transaction. This infographic presents various indicators a business organization should consider while interacting with the customer or establishing a business relationship, suggesting the need to report the same to FIU through STR.

AML UAE is a consultancy firm offering a comprehensive range of services on AML compliance in UAE, including but not limited to enlisting sector-specific red flags, advising around the identification of suspicious transactions, and reporting the same on the goAML Portal.