aml-sar-drafting
Installation
SKILL.md
SAR/STR OVERVIEW
A Suspicious Activity Report (SAR) or Suspicious Transaction Report (STR) is a legally required filing made by a bank when it has the requisite suspicion of money laundering, terrorist financing, or related predicate offences.
JURISDICTION SAR STANDARDS
| Jurisdiction | Standard | FIU | Filing System |
|---|---|---|---|
| UK | Reasonable grounds to suspect | National Crime Agency (NCA) | SARs Online |
| USA | Reason to suspect + USD 5,000 + legal violation | FinCEN | BSA E-Filing (FinCEN 111) |
| Australia | Suspicion on reasonable grounds | AUSTRAC | AUSTRAC Online (SMR) |
| EU | Suspicion | National FIU (per 6AMLD) | National system |
| UAE | Reasonable grounds to suspect | UAE FIU | goAML |
| Pakistan | Suspicion | Financial Monitoring Unit (FMU) | goAML |