EXPLORE PROGRAMS
The Suspicious Transaction Report (STR) is the single most important report a reporting entity files. Under the PCMLTFA, an STR must be submitted as soon as practicable after the reporting entity has reasonable grounds to suspect that a transaction or attempted transaction is related to the commission or attempted commission of an ML or TF offence. This course walks compliance officers, analysts, and front-line staff through the reasonable-grounds-to-suspect threshold, the indicators FINTRAC publishes for various sectors, the field-by-field structure of the STR, and the timing and method of submission. It also addresses tipping-off, recordkeeping, and feedback loops with monitoring rules. Sample STR narratives — both strong and weak — are used to illustrate what FINTRAC expects.
You will learn the reasonable-grounds-to-suspect threshold, how to use FINTRAC's published indicators, how to populate every field in the STR (especially the narrative), the timing and method of submission, the tipping-off prohibition, and how to feed STR insights back into monitoring and risk assessment.
Course Cost :
$100.00
