Course features

What is Suspicious Transaction Reporting?

Financial institutions have a legal obligation to report suspicious transactions, including attempted ones, to the Financial Intelligence Unit (FIU). But what exactly constitutes a suspicious transaction, and how do you fulfill this critical reporting requirement? This microlearning course, part of our Simon Answers series, breaks down the key aspects of Suspicious Transaction Reporting (STR), providing clarity on this essential compliance topic.
Format

Microlearning

Estimated Duration

9 minutes

Continuing Professional Education

Yes

Course Credits

0.15 CPE

Certificate

Yes

Price

FREE

Watch. Learn. Improve.

In today's complex financial landscape, understanding and reporting suspicious transactions is paramount. This short microlearning course introduces you to the core concepts of Suspicious Transaction Reporting (STR). We'll briefly explore what constitutes a suspicious transaction, the legal obligations of financial institutions, and the importance of timely reporting to the FIU. This quick overview provides a foundational understanding of STR and its significance in combating financial crime. For a deeper dive into related topics, check out our other compliance courses on Simon Academy.
Write your awesome label here.

Course contents

Instructor

Daria Patrascoiu

Daria contributed to Simon Consulting as a Compliance Analyst from 2021 to 2022, dedicating over a year to the firm. During her time there, she played a key role in the "Simon Answers" video series, engaging with audiences on important compliance topics. Daria also shared her expertise as a speaker at various webinars, further demonstrating her commitment to educating others in the field of financial crime.
Created with