Apr
Suspicious Activity Report (SAR) Vs. Suspicious Transaction Report (STR)– What’s The Difference?
In anti-money laundering (AML) efforts, the comparison between “suspicious activity report vs suspicious transaction report” often comes up. SAR and STR are the final AML checks that come after the initial steps, like verifying who someone is and keeping an eye…
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Apr
What Is a Suspicious Transaction Report (STR)?
A suspicious transaction report (STR), also known as a suspicious activity report (SAR) in some jurisdictions, is a critical tool in the battle against money laundering and terrorist financing. Significance – Filed by financial institutions or concerned individuals, these reports…
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Nov
Transaction Laundering Red Flags & Risk Mitigation: A Comprehensive Guide
Transaction Laundering: A Two-Pronged Strategy Amidst the surge of online transactions, transaction laundering serves as a conduit for a myriad of illegal activities. Illegal activities associated with transaction laundering include the sale of unauthorized pharmaceuticals, gambling services, adult content, prohibited…
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Mar
What is Transaction Laundering? Effective AML Steps to Combat this Growing Threat of Payment Fraud
Why understanding Transaction Laundering is important? As we live in a world of ever-changing technology - our lives have become increasingly connected, from the latest smartphone to the newest social media platform. In turn, we're also becoming increasingly reliant on…
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