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. 

0
Rusma Khadka
May 23, 2023
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