Monitoring and reporting

Connect ongoing checks with reporting obligations.

• Ongoing CDD and transaction monitoring

  Ongoing customer due diligence connects customer information, observed activity and changes in risk.

• Suspicious matter reports

  An SMR reports a suspicion that meets the applicable legal test; it is not a finding that a customer committed a crime.

• Threshold cash transaction reports

  A threshold transaction report concerns the applicable physical-currency transaction test, rather than every payment of a large value.

• International funds transfer instruction reports

  IFTI reporting remains relevant during the transition to international value transfer service reporting.

• Tipping off and customer communications

  Tipping-off rules protect certain information where disclosure would or could reasonably be expected to prejudice an investigation.

• Annual AML/CTF compliance reports

  The annual compliance report describes how the business met its AML/CTF obligations during the relevant reporting period.