Suspicious Transaction Reports (STR)
BR-1.5.5
As per Rule FC-5.2.4,
licensees must report all suspicious transactions or attempted transactions to the Financial Intelligence Unit at the Ministry of Interior and to the Compliance Directorate at the CBB.October 2010BR-1.5.6
As per Rule FC-1.8.2
licensees must make a suspicious transaction report to the Compliance Directorate at the CBB and the Financial Intelligence Unit at the Ministry of Interior, if they are approached by a shell bank or an institution they suspect of being a shell bank.October 2010BR-1.5.7
As per Rule FC-2.2.5, in the case of one-off transactions where there is no ongoing account relationship, the
licensee must file an STR.October 2010BR-1.5.8
As per Rule FC-5.2.3, if
licensees suspect that a person has been engaged in money laundering or terrorism financing, or the activity concerned is regarded as suspicious, thelicensee must report the fact promptly to the Financial Intelligence Unit at the Ministry of Interior and copy the Compliance Directorate at the CBB. The reports must be made using the STR Form and related instructions, included in Part B of Volume 5.October 2010BR-1.5.9
As per Section FC-8.1, when dealing with entities or persons domiciled in countries or territories which are identified by the FATF as being non-cooperative or notified to
licensees from time to time by the CBB, whenever thelicensee has suspicions about the transaction, these must be reported to the Financial Intelligence Unit at the Ministry of Interior and the Compliance Directorate at the CBB.October 2010BR-1.5.10
As per Rule FC-8.3.3,
licensees must report to the Financial Intelligence Unit at the Ministry of Interior and the Compliance Directorate at the CBB, using the procedures contained in Section FC-5.2, details of any accounts or other dealings with persons and entities designated by the CBB as potentially linked to terrorist activity.October 2010
