Guideline 2007
FIU Enforceable Guideline 1: Suspicious Transaction Reporting
Plain-English summary
FIU enforceable guideline on suspicious transaction reporting, issued 26 October 2007 under section 25(1)(j) of the Financial Transactions Reporting Act 2004 and revised 12 January 2021 with effect from 29 January 2021. Section 5.1 requires a report as soon as practicable and no later than 2 working days after the suspicion is formed.
Who it applies to
Banking
Topics
AML / CFT / Sanctions
Latest news
-
US sanctions bill targets Russian energy sector under Graham legislation
3 Oct 2026
Proposed United States legislation aims to impose sanctions targeting Russia's energy infrastructure and related financial flows. Named in honor of the late Senator Lindsey Graham, who was a prominent Ukraine aid…
-
AUSTRAC Examines Western Union AML Controls and Transaction Monitoring
26 Sep 2026
Australia's financial intelligence unit has initiated a formal investigation into Western Union's anti-money laundering framework and compliance infrastructure. The regulatory examination focuses on the company's…
-
RBI penalizes Ola Financial Services for KYC compliance failures
25 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹3.10 lakh on Ola Financial Services Private Limited for non-compliance with KYC directions under the Payment and Settlement Systems Act, 2007. Following a…