Anti-Money Laundering Compliance Programs
AMLAWARE | Reporting Guidelines
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Reporting Guidelines

17 Jun Reporting Guidelines

Posted at 21:29h in by Samantha DeMott
Topic Progress:

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 jfiu@police.gov.hk.
  • 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.