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Video instructions and help with filling out and completing Suspicious activity report form 2022
Instructions and Help about Suspicious activity report form 2022
Welcome to this training video we will show you how to submit a suspicious and unusual transaction report also known as a STR on the fic registration and reporting platform we will also explain how to report a suspicious and unusual activity report also known as a SAR to access the platform visit www.gfi.com/webmonitor and password details that you created during registration let's look at a typical scenario that we will use in this reporting exercise saver accountable or reporting institution AI for RI is institution y and mr. B is their client it is also assumed that you the viewer of this video are the compliance or reporting officer of institution Y and are responsible for reporting to the fic for example mr. B makes a purchase from institution-wide to the value of 1.3 million rand via eft however institution-wide finds this transaction suspicious as mr. B has a low-income salary and this transaction does not fit his lifestyle this will be reported as a STR there is a second report that is equally important to keep in mind called the SAR you will submit a SAR where a transaction was attempted but has not been concluded let's say Miss C is not a client of institution Y and wants to make a purchase of 120 thousand Rand but after being asked for her identity or passport number she refuses to prit and works out no transaction was concluded but her behavior is suspicious and unusual this will then be reported as a SAR back to our STR example to report a STR go to the drop down menu new reports and select wave reports select which type of report you would like to submit in this case select STR there are a number of fields that are automatically filled in with the details obtained from your initial registration like the reporting person and location all the fields marked with an asterisk are mandatory fields and must be completed the unmarked fields are also important to complete to the best of your knowledge the information obtained from STR and si are made or can be used in the fight against crime in the reporting entity branch field you will fill in your entity's branch details where the transaction took place in the reporting entity reference field you will need to supply your unique internal reference number linked to this report when the fic requires more information on this report it will refer to this internal reference number this is therefore very important the fic reference number will be referred to in cases where a submitted report has failed and needs to be corrected the reason for reporting and action fields are both compulsory fields in reason for reporting you will state why the transaction is deemed unusual or suspicious it is very important to capture the background information and reason for suspicion in detail in this example we will say that mr. B is a low income.