Suspicious Transaction Report


Also found in: Acronyms.

Suspicious Transaction Report

A report a drug store or other company may file with the authorities if one believes a person is purchasing goods to produce methamphetamine. In general, a suspicious activity report is filed if a person is buying legal goods (such as cough medicine, which contains ingredients used to make methamphetamine) in such large quantities that the seller reasonably believes that there may be an ulterior motive in the purchase.
Mentioned in ?
References in periodicals archive ?
AMLC said Pelejo submitted a Suspicious Transaction Report (STR) to AMLC.
In January this year, an inquiry by the Federal Investigation Agency (FIA) began when the State Bank of Pakistan's financial monitoring unit issued a "suspicious transaction report" on 10 bank accounts.
Hussain and others on account of Suspicious Transaction Report (STR) of Rs.
The inquiry started when the financial monitoring unit of the State Bank of Pakistan generated a suspicious transaction report' in January this year regarding ten bank accounts.
The inquiry started after the Financial Monitoring Unit of the State Bank of Pakistan generated a Suspicious Transaction Report in January this year about 10 bank accounts.
The filing of a suspicious transaction report cannot be considered a breach of any restrictions on the disclosure of information imposed by contract or law.
The report had mentioned that 29 fake accounts were identified by the Federal Investigation Agency (FIA) which had laundered Rs42 billion, however, the team further discovered 11,500 bank accounts of 924 account holders, 59 Suspicious Transaction Reports (STRs) and 24,500 Cash Transactions Reports (CTRs).
The number of suspicious transaction reports reported during the 2018/19 financial year was 1328, a decrease of two per cent from 1356 reports in 2017/18.
The UAE Central Bank said in its 2018 annual report that 7,404 suspicious transaction reports (STRs) were received from banks and other financial, commercial and economic entities, in addition to 1,516 reports on suspected fraud - an increase of 18.2 per cent from last year.
This will also help us better observe trends when analysing suspicious transaction reports, helping eliminate potential threats at more efficient rates.
He said the 70-member JIT, comprising officials of Federal Board of Revenue, State Bank of Pakistan, FIA and other institutions, checked some 11,500 accounts of 424 individuals and 500 various entities, besides analysing 59 Suspicious Transaction Reports (STRs) and 24,500 Cash Transactions Reports (CTRs).
The report had mentioned that 29 fake accounts were identified by the Federal Investigation Agency (FIA) which laundered Rs42 billion, however, the team further discovered 11,500 bank accounts of 924 account holders, 59 Suspicious Transaction Reports (STRs) and 24,500 Cash Transactions Reports (CTRs).