What is processe for STR filing?

Question

Accepted Answer

The process for filing a Suspicious Transaction Report (STR) involves gathering relevant information, analyzing the transaction, documenting findings, and submitting the report to the appropriate authorities.

Gather all relevant information related to the suspicious transaction, including transaction details, customer information, and any supporting documentation.
Analyze the transaction to determine if it meets the criteria for suspicion based on regulatory guidelines and internal policies.
Document the findings of the analysis, including the reasons for suspicion and any additional information that supports the decision to file an STR.
Submit the completed STR to the Financial Intelligence Unit (FIU) or other relevant regulatory authority within the specified timeframe.
Ensure compliance with all legal and regulatory requirements throughout the process of filing an STR.

What is processe for STR filing?

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