Financial Crime World

Suspicious Transaction Report (STR) Form Analysis

Overview

This article breaks down the Suspicious Transaction Report (STR) form used by financial institutions in Nauru, as required by the Anti-Money Laundering and Targeted Financial Sanctions Act 2023.

Part A - Identification

  • Account Number: This field is blank, indicating that no specific account number is being reported.
  • Other identifying information (e.g., name, address): Not provided.

Part B - General Information

  • Report Date: July 7th, 2023
  • Report Number: Not specified

Part C - Transaction Details

  • Type of transaction: This field is blank, indicating that no specific type of transaction is being reported.
  • Date of transaction (day/month/year): Not provided
  • Total amount of transaction (specify currency involved): Not provided
  • Involved financial institution/cash dealer:
    • Name: Not specified
    • Location (branch and country): Not specified

Part D - Details of the Recipient Person/Corporation

  • Full name of person/corporation: Not provided
  • Occupation, business or principal activity: Not provided
  • Address (incl. country) and phone number:
    • Business Address: Not specified
    • Physical Address (Home): Not specified

Part E - Description of Suspicious Transaction

  • Grounds for suspicion: This field is blank, indicating that no specific grounds for suspicion are being reported.
  • Circumstances surrounding the transaction: Not provided

Part F - Details of Reporting Entity

  • Full name of business (including branch where applicable): Not specified
  • Business address (physical address/Postal address): Not specified
  • Details of Reporting Officer:
    • Full name (including title): Not specified
    • Job title: Not specified
    • Phone number: Not specified

Other Sections

  • Financial institutions internal reference number (if applicable): Not provided
  • Send completed marked as ‘CONFIDENTIAL’ forms to: Supervisor - Nauru Financial Intelligence Unit
  • Statement made pursuant to the requirement to report suspicious activities under the laws of Nauru: This statement is made pursuant to the requirement to report suspicious activities under the laws of Nauru on the grounds detailed in Division 5 of Part 4 of the Anti-Money Laundering and Targeted Financial Sanctions Act 2023.
  • Signature of authorised person (eg. Financial crime compliance officer): Not specified
  • Date (day/month/year): Not specified

Conclusion

It appears that this report is incomplete, as many fields are left blank or not provided. The Nauru Financial Intelligence Unit may request additional information to complete the report and investigate any potential suspicious activity.