In the report on suspicious transaction the grounds for the transaction to be considered suspicious should also be mentioned.

(o) Suspicious transaction reporting

SR IV. Reporting suspicious transaction related to terrorism

A transaction (a contract) can be considered as suspicious, if

AMLO has received some suspicious transaction reports from financial institutions.

Suspicious transaction reports received by the Central Bank's unit on money laundering and suspicious cases up to 31 March 2005

To date, the unit on money laundering and suspicious cases has not received any suspicious transaction reports from hawala brokers.

Financial institutions have the legal obligation to urgently report transactions suspected to involve terrorist activities to AMLO as a suspicious transaction within 7 days from the date of executing the transaction.

The Central Bank has received 9 suspicious transaction reports on money laundering activities.

In addition, the following authorities have sent suspicious transaction reports to the unit

All countries should strengthen their financial investigative abilities including the ability to initiate an investigation prior to receiving a suspicious transaction report.

Up to now, AMLO has received, on average, 2,600 suspicious transaction reports a month.

The draft law establishes under what circumstances a financial transaction is subject to special oversight (in other words, is considered a suspicious financial transaction ).

Therefore, for example, investigators may request bank statements for a period prior to a suspicious transaction.

Banks and other financial institutions have been provided with the 1267 Committee List and are required to treat any transaction with a person entity on the list as suspicious and submit Suspicious Transaction Returns to the Financial Investigations Unit (FIU).

1.4 In addition, the CTC would appreciate knowing how many suspicious transaction reports (STRs) were received by the Central Bank's unit on money laundering and suspicious cases from the following entities outlined on page 5 of the first report

Obligatory Know Your Customer and Suspicious Transaction Report requirements have been introduced for banks by 117 States, and extended to NBFIs by 105 and to other entities by 40.

Suspicious transaction reports are important as a means of ensuring customer due diligence in identifying potential money laundering activities.

Ms. Chung transferred the 5 million proceeds in Goldfingers Bank to 15 bank accounts in country Zeitstaat (suspicious transaction reporting).

1.6.2 How many suspicious transaction reports have been received from these agencies by the anti money laundering unit thus far?

Brazil indicated (at page 14 of the fourth report), that the number of suspicious financial transaction reports (STRs) that resulted in investigations, prosecutions or convictions, would be provide by 31 October 2004.

Required bank reporting procedures, if any, including the use of Suspicious Transaction Reports (STR), and how such reports are reviewed and evaluated.

Article 30 of Supreme Decree No. 24771 sets out the obligation of financial entities to submit Suspicious Transaction Reports to the FIU.

Required bank reporting procedures, if any, including the use of Suspicious Transaction Reports (STR), and how such reports are revised and evaluated.

The annexed organizational chart provides an outline of the authorities required to report to the unit and the suspicious transaction reports received from the banks, exchange offices and finance companies referred to under point 1.4.

Normative legal acts of the Central Bank can establish other grounds, not mentioned in this part, for considering transactions as suspicious, based on which the persons submitting the reports are bound to regard the transaction as suspicious.

It could be noted here that the criteria for suspicious transaction reporting vary from one State to another some set out a certain amount of money as the threshold for reporting, whereas others take a more generic approach, where banks are required to report transactions they think are suspicious , regardless of the amount.

A financial intelligence unit is a national centre for receiving (and, as permitted, requesting), analysing and disseminating suspicious transaction reports and other information regarding potential money laundering.

Suspicious.

The CTC is grateful for the detailed report on suspicious transactions (at page 13) of the fourth report.

The person performing the financial transaction suspects that its purpose is to legalize funds or finance terrorism, or if the transaction is suspicious by virtue of other characteristics figuring on a list established by the Council of Ministers of the Republic of Belarus

Report of the administrator of the international transaction log under the Kyoto Protocol

Report to the Authority any business transaction where the identity of the persons involved, the transaction or any other circumstances concerning that business transaction gives any officer or employee of the financial institution reasonable grounds to believe that the transaction involves the proceeds of crime.

These task forces attempt to identify terrorists through analysis of a variety of data and do not rely solely on know your customer records and Suspicious Transaction Reports.

Transaction

Only 24 States require charities and other non profit organisations to report suspicious transactions.

Know your customer policy Customer transaction profile Information on cash transaction Information on foreign currency transaction

Suspicious incidents

They're suspicious.

Slightly suspicious.

Greedy, suspicious.

Information provided by States shows that 71 require money transmission services to acquire a license or to register, with 65 applying suspicious transaction reporting rules to registered licensed money transmitters.

Effective implementation of paragraph 1 of the Resolution requires that financial institutions and other intermediaries (for example, lawyers, notaries and accountants, when engaged in brokering activities, as distinct from the provision of professional advice) should be under a legal obligation to report suspicious transaction.

He looks suspicious.

He looks suspicious.