Anti-money laundering reporting obligations require intermediaries to preserve records and file CTRs and STRs promptly. Intermediaries must comply with PMLA rules by designating a Principal Officer and notifying FIU IND; maintain and preserve Rule 3 transaction records and client identity records for ten years; implement a client identification program under Rule 9; and report monthly Cash Transaction Reports by the 15th of the succeeding month and Suspicious Transaction Reports within seven days, with the Principal Officer responsible for timely submission and for recording reasons for suspiciousness. Confidentiality must be maintained, no tipping off or account restrictions on account of an STR, and Principal Officer details must be submitted to FIU IND.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Anti-money laundering reporting obligations require intermediaries to preserve records and file CTRs and STRs promptly.
Intermediaries must comply with PMLA rules by designating a Principal Officer and notifying FIU IND; maintain and preserve Rule 3 transaction records and client identity records for ten years; implement a client identification program under Rule 9; and report monthly Cash Transaction Reports by the 15th of the succeeding month and Suspicious Transaction Reports within seven days, with the Principal Officer responsible for timely submission and for recording reasons for suspiciousness. Confidentiality must be maintained, no tipping off or account restrictions on account of an STR, and Principal Officer details must be submitted to FIU IND.
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