17 Jun Reporting Guidelines
Posted at 21:29h in
When an insurer obtains knowledge of money-laundering activities or identifies a suspicious transaction, a Suspicious Transaction Report (STR) must be filed with the JFIU as soon as possible.
- STRs must be reported and filed with the JFIU by:
- Completing the standard STR form made available by the JFIU (as shown on this page),
- Filing the STR electronically via the Suspicious Transaction Report and Management System (STREAMS), or
- E-mailing an electronic copy of the STR form to the JFIU at email@example.com.
- All relevant information must be noted on the STR form and any urgent disclosures should be clearly identified.
- An insurer or its staff is prohibited from disclosing that it has filed an STR. Informing a customer of such a filing or a related investigation, intentionally or unintentionally, is considered “tipping off” and is a criminal offence.