What are SRTs and why do they matter?Banks in the UAE must file a Suspicious Transaction Report (STR) when they suspect funds in an account may be linked to crime or seem unusual. These reports are then sent to the UAE’s Financial Intelligence Unit (FIU) and are usually kept confidential to protect investigations and prevent “tipping off” customers. FIU is the UAE’s national centre for financial crime intelligence.NMC asked the court to force Bank of Baroda to hand over:Any STRs related to NMCInternal AML “Internal Reports” raised inside the bank.“No‑STR Decisions” – cases where staff flagged something, but the bank decided not to file an STR, with reasons.NMC says these documents could show whether Baroda spotted red flags about NMC, what it did about them, and whether it failed in its duties as a lender.
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