What is STR?
1 year ago
Banking
STR means suspicious transaction report. Suspicious transactions are those transactions that deviate from the profile, characteristics and usual transactions pattern, transaction reasonably suspected to have been conducted with the purpose of evading the reporting and financial transaction conducted using fund alleged to be attributable to predicate offences. Suspicious transactions should be reported within 3 days of arriving at the conclusion that the transaction
is suspicious.
Rusma Khadka
May 23, 2023