What Is a Suspicious Transaction Report and When Must DNFBPs File One Under UAE AML Law?
What a Suspicious Transaction Report Is Under UAE AML Law A Suspicious Transaction Report (STR) is a formal notification submitted to the UAE Financial Intelligence Unit (FIU) when a financial institution or Designated Non-Financial Business and Profession (DNFBP) has reasonable grounds to suspect that a transaction or attempted transaction involves funds connected to a crime. … Read more
