Know Your Customer (KYC) KNOW YOUR CUSTOMER (KYC), CASH TRANSACTIONS REPORT (CTR) AND SUSPICIOUS TRANSACTION REPORT (STR) A definition of what constitutes the offence of money laundering under Bangladesh law of the Prevention of Money Laundering Act 2002: “Money Laundering means – Properties acquired or earned directly or indirectly through illegal […]
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Cash Transactions Report (CTR) And Suspicious Transaction Report (STR)
Cash Transactions Report (CTR) And Suspicious Transaction Report (STR) Recognition of Suspicious Transactions As types of transactions that may be used by money launderer are almost unlimited, it is difficult to define a suspicious transaction. Suspicion is personal and subjective and falls far short of proof based on firm evidence. […]
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