Most financial and non-financial Institutions struggle with how to send quality Suspicious Transaction Reports (STRs) to the Financial Intelligence Unit (FIUs) mainly because these reports are lacking in the information needed by the analysts or investigators. Most money laundering reporting officers (MLROs) are not skilled or are confused about how to go about the process. This is what this course seeks to address. By sending a qualitative report, the financial institution helps the analysts understand what the suspicion is all about among other reasons.

This is the concluding part of a three-part course namely, “Identifying Suspicious Transactions” and “How to Report Suspicious Transactions under the AML/CFT regime”.