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A suspicious transaction report (STR) or a suspicious activity report (SAR) is submitted by a bank or even a financial institution, to the local financial regulatory body or financial intelligence unit if there are reasonable grounds to believe that the transaction is related to criminal activity.
A suspicious transaction is a transaction which has apprehension or mistrust about the person or group of persons involved or its unusual nature or circumstances.
The SAR / STR reporting aims to identify individuals, groups and organizations involved in fraud like terrorist financing, money laundering, and other crimes. It is mandated for compliance by financial institutions and banks. SAR/STR reporting has gained prominence due to increased terrorist activities across the globe.
Vskills Certificate in SAR and STR Reporting provides a hands-on approach in developing SAR and STR reports as well as understand the nuances of AML and CFT as well.
The certification attests to your understanding and applying skills and knowledge in SAR and STR reporting and helps you to stand out amongst your peers to help in gaining better career prospects.
The certification covers
Professionals, managers, executives working in AML-KYC or SAR/STR reporting domain of financial institutions, banks, delivery centers of MNC financial institutions will benefit immensely by opting for Vskills Certificate in SAR/STR reporting to gain an edge in the CFT skills and be noticeable amongst their colleagues as well as make progress in their respective careers.
Students taking the certification also gain by showcasing their understanding of SAR/STR reporting and are able to increase their job opportunities.
Financial institutions, banks, loan agencies, NBFCs as well as BPOs, KPOs are constantly hiring skilled CFT professionals for their compliance related tasks. Companies employing CFT professionals include KPMG, Genpact, Saxo Bank, Bank of America, HDFC Bank, etc.
SAR and STR Reporting Related Blogs
Checkout the latest online blogs on SAR and STR Reporting.
SAR and STR Reporting Jobs
Checkout the various job openings for SAR and STR Reporting, click here..
SAR and STR Reporting Internships
Vskills runs its flagship internship programme where bright interns work with academic council, click to know more details..
1. Money Laundering Basics
2. CFT Basics
3. SAR/ STR reports and relevance
4. Writing effective SAR Narrative