STR & CTR REPORTING TEMPLATES

Suspicious Transactions Reports (STRs)

Attachments:

In line with provisions of section 30 of the MLPC Act, financial institutions and non-financial business and professions are required to identify and promptly report suspicious transactions to the Unit, but not later than three working days after forming the suspicion.

Cash Transactions Reports (CTRs) Brief

In line with the requirements of section 30(6) of the Money Laundering and Proceeds of Crime Act [Chapter 9:24], every financial institution and DNFBP is required to submit to the Financial Intelligence Unit, Cash Transaction Reports (CTRs).

Designated institutions are required to report every cash transaction conducted by or on behalf of a customer, equal to or exceeding US$5,000 (five thousand United States dollars), in any currency, whether in one single transaction or in two or more transactions, totaling at least US$5,000, conducted within a time period of 24 hours.

Except for banks, all other institutions shall submit the CTR return to the Unit, on a monthly basis. The returns shall be submitted on or before the 10th of every month, of the preceding month. Banks are required to submit the same CTR returns on a weekly basis, on or before the 2nd working day of the week.