AML & Travel Rule
Suspicious Transaction Report (STR)
Mandatory AML report filed by obliged entities to the FIU when transactions raise money-laundering concerns.
Definition
An STR is the formal report obliged entities file to the national FIU when a transaction or customer behaviour raises money-laundering or terrorism-financing concerns. Filing is mandatory; failure to file is a substantive AML breach. Confidentiality requirements protect the entity from tipping-off concerns.