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9.2.6 Suspicious Transaction Reports (STRs)

Effective from 13/7/2023

(AML-CFT Law Article 16.1(f); AML-CFT Decision Articles 24.2-4)

FIs are required to retain all records and documents pertaining to STRs and the results of all analysis or investigations performed. Such records relate to both internal STRs and those filed with the FIU, and include but are not limited to:

•Suspicious transaction indicator alert records, logs, investigations, recommendations and decision records, and all related correspondence;
 
•Competent authority request for information, correspondent bank requests for assistance, and their related investigation files and correspondence;
 
•CDD and Business Relationship monitoring records, documents and information obtained in the course of analysing or investigating potentially suspicious transactions, and all internal or external correspondence or communication records associated with them;
 
•STRs (internal and external), logs, and statistics, together with their related analysis, recommendations and decision records, and all related correspondence;
 
•Notes concerning feedback provided by the FIU with respect to reported STRs, as well as notes or records pertaining to any other actions taken by, or required by, the FIU.