Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) must be submitted when a transaction or activity appears unusual, inconsistent, or potentially linked to money laundering or terrorist financing.

Yes. Blaze Auditing provides complete support, including GOAML registration, system setup, policy development, and preparation and submission of STRs/SARs in compliance with UAE regulations.

Failure to comply with GOAML and AML requirements can result in heavy fines, regulatory penalties, business suspension, and reputational damage. Professional compliance support helps mitigate these risks.