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AML Compliance: Suspicious Transaction Reports (STRs/SARs)
Rating: 3.5 out of 5(87 ratings)
341 students

AML Compliance: Suspicious Transaction Reports (STRs/SARs)

How to write high-quality AML STRs/SAR narratives and reports for Competent Authorities"
Created byg-Log Consult
Last updated 11/2025
English

What you'll learn

  • Student will learn what a suspicion is and what a narrative is
  • Why your suspicious reports (STR/SAR) never make any impart
  • Learn how to explain suspicion in a clear logical process
  • Learn how to differentiate between good and bad narratives
  • How to write good opening statements that will capture the reader's attention
  • Learn how to start and finish writing a qualitative report.
  • How to measure risks attached to such reports
  • Learn how to avoid common writing mistakes
  • Definition for Politically Exposed Persons (PEPs) and how to categorize all associates and family members

Course content

2 sections • 8 lectures • 56m total length

  • Course Promo11:11

    Get a broad overview of the course in just 10 minutes. This video covers a range of topics.

  • Suspicious Transaction Reports (STRs)8:48

    In this lecture, you will learn the following:

    1. What a suspicious transaction!

    2. The importance of writing and sending qualitative reports

    3. What must an account officer know beforehand about a client’s information?

    4. How an account officer should explain what a suspicion is and all others

  • Understanding STRs
  • Case Study: Suspicious Transaction Article2:39

    This sanitised article will help you understand how financial crimes take place. You are expected to reflect on and apply what you have learned. What method(s) can be added to your list of suspicious transaction indicators as a compliance officer? Let's start identifying these signs to help you develop a compliance standard for our organisation.

  • Narratives - Elements of a Good Narrative.11:45

    This Lecture will cover 

    1. Elements of a good narration

    2. Requirements for a good narration

    3. How to explain your suspicious transaction narrative in a logical process

  • Elements of a good Narrative

Requirements

  • You should have a reasonably good AML/CFT Knowledge.
  • You also must be in the regulatory Money laundering, compliance, risk, audit role

Description

(UPDATED NOVEMBER 2025)

Just updated with free resources "STR Quick Reference Guide (2025 Edition)" and "TOP 10 COMMON STR MISTAKES (2025 EDITION)."

Do you want to improve your ability to write AML narratives and reports? If so, we have the perfect resource for you: a manual on creating excellent AML reports and narratives that will wow even the pickiest Financial Intelligence Units (FIUs).


Revised captions

General content has been updated, including the subtitle and closed caption.

The Wolfsberg AML Principle on Politically Exposed Persons (PEPs) is an additional resource.


New content is being added to videos and voiceovers.

It shouldn't be difficult to write qualitative AML reports and narratives for FIUs.

All reporting entities are required by law to produce certain reports, referred to as Suspicious Transaction Reports (STRs) or Suspicious Activity Reports (SARs) in some jurisdictions, and submit them to the Financial Intelligence Units (FIU) of the appropriate authorities. The majority of financial and non-financial institutions have been found to have difficulty submitting high-quality Suspicious Transaction Reports (STRs) or Suspicious Activity Reports (SARs) to the FIUs. This is primarily due to the reports' lack of the important details that analysts or investigators require. The majority of money laundering reporting officers (MLROs) lack expertise or are unsure of what to do when necessary. This course aims to address this.


The following will be taught to students:


1. What constitutes a suspicious transaction?

2. The significance of producing and submitting qualitative reports

3. Information that an account officer needs to be aware of in advance about a client

4. How an accountant should define a suspicion and all others

5. How to avoid sending STR/SAR narratives that are not complete.

6. A class exercise and case study.

Among other things, the financial institution helps the investigators or financial intelligence analysts comprehend the suspicion by providing a qualitative report.

The course consists of three parts: "Identifying Suspicious Transactions" and "How to Report Suspicious Transactions Under the AML/CFT Regime."

Who this course is for:

  • Money Laundering Reporting Officers, Compliance Officers
  • AML regulatory Trainees, Anti-Money Laundering Instructors
  • Money laundering certification preppers
  • Fraud Analysts or examiners and Criminal Law students

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