Challenges in Managing SARs in UAE
Filing SARs can be complex, especially for businesses that lack the internal resources or expertise to detect and report suspicious activities. Some common challenges include

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Understanding Red Flags
Knowing what constitutes suspicious activity is not always straightforward, especially in industries with complex financial transactions.
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Complying with Deadlines
Businesses must file SARs promptly to avoid penalties. Delayed reporting can lead to significant legal consequences.
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Ensuring Accuracy
Inaccurate or incomplete SARs may result in further investigation or fines from regulatory authorities.