Confidential STR / SAR & Mandatory Disclosures via goAML
Expert evaluation, drafting, and submission of Suspicious Transaction Reports directly to the Financial Intelligence Unit.
The Regulatory Challenge & Non-Compliance Penalties:
When suspicious indicators are identified, registered entities are statutorily required to file a Suspicious Transaction Report (STR) or Suspicious Activity Report (SAR) via goAML. Tipping off the client carries severe criminal liability.
Penalty Risk: Failure to file an STR/SAR, delayed reporting, or “tipping off” the target subject carries direct criminal penalties, fines up to AED 5,000,000, and imprisonment for responsible personnel.
How It Works (The 4-Step Process)
- Red-Flag Escalation: Frontline staff or monitoring systems flag an anomalous transaction internally.
- Case Analysis: Our senior experts analyze the evidence against national typologies and indicators.
- Report Drafting: We draft a clear, objective narrative meeting FIU intelligence standards.
- Portal Submission: We file the disclosure via goAML and maintain ongoing communication with the FIU.
Applicable Sectors & Alignment
- Target Sectors: Lawyers, Accountants, Real Estate Brokers, DPMS, VASPs, Banks.
- Regulatory Alignment: UAE Financial Intelligence Unit (FIU) Directives.
What We Deliver (Tangible Deliverables)
What We Deliver (Tangible Deliverables):
- Independent forensic review of suspicious transaction indicators.
- Confidential drafting of comprehensive STR/SAR narratives.
- Filing management of RESTR (Real Estate) and DPMR (Precious Metals) reports.
- Full protection of attorney-client privilege (for legal practices).
- Tangible Asset Received: Confidential Case Evaluation File & Official FIU Submission Acknowledgment.
Service FAQ
Q: Will the customer know that we filed an STR against them?
A: No. Tipping off a customer is a severe criminal offense under UAE law. All filings are strictly confidential.