How do suspicious transactions as well as other required information get reported to the appropriate regulatory authorities?

[Francis Amal Raj]

How do suspicious transactions as well as other required information get reported to the appropriate regulatory authorities?

[Raabiya Issac]

The STRO is the (FIU) Financial Intelligence Unit of Singapore. They analyze (STRs) Suspicious Transaction Reports and other financial data such as (CMRs) Cash Movement Reports and (CTRs) Cash Transaction Reports to discover terrorist financing, money laundering, and other significant crimes. They send financial intelligence to the concerned regulatory and enforcement bodies when they notice probable violations.

The STRO offers filing instructions for CTRs, STRs, and CMRs. In worldwide Counter-financing of Terrorism/Anti-Money Laundering efforts, the STRO denotes Singapore at regional bodies and international forums.

[Rahul Jai]

Submit a CTR (Cash Transaction Report) to the STRO (Suspicious Transaction Reporting Office) for cash transactions over S$20,000. Apply for an account on the SONAR (STRO Online Notices & Reporting platform) to electronically file your CTR. By electronically filing via SONAR, the CTR would be transmitted to ACD.

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