What type of report should I send ?

When reporting, you must choose the type of report that suits your grounds for suspicion and the information you have available.

If you do not have information about a transaction, complete a Suspicious Activity Report (SAR).

Select a report type

The relevant type of report is selected on the basis of information that the reporting party has in its possession.

The key difference between a STR report and a SAR report is the basis of suspicion. For a SAR report, the basis for suspicion is behavior and not a transaction, while the basis for a STR report is one or more transactions. To this end, transactions must be understood as all types of transactions.

Additional Information File (AIF)

This type of report is used when you have reported suspicious transactions and will add additional transactions to your original report. When reporting this type of report, the supplementary transactions are linked together with the transactions from the original notification. In this report, you must provide a Reference ID from the original report you reported. This type of report is also used to respond to Section 16 notices

Suspicious Activity Report (SAR)

A SAR details the identified suspect activity that does not currently contain any financial transactions. For example, declined business, dubious emails and requests, strange phone calls and the suspect comportment or associations of a subject or entity can be detailed in a SAR.

Suspicious Transaction Report (STR)

A STR details the identified suspect activity that involves a financial transaction. For example, unusual transactions that deviate from known client activity, unexplained large cash deposits, transactions which have no apparent lawful purpose and transactions to high-risk jurisdictions. Financial transactions are to be input into goAML to support the STR narrative along with the relevant supporting documentation. Please note when reporting this type of report, you must fill in the sender and receiver in the transaction, where at least 1 of the parties must be marked as (My Client).