Report Suspicious Activity

If you suspect any suspicious activity or transactions, please report it immediately using the goAML platform.

Who Must Submit the STR Form

• The Compliance Officer or a designated individual in the business who is responsible for FICA compliance is responsible for submitting the STR.
• This can be triggered by any employee who identifies suspicious activities, but it is the Compliance Officer who ensures the report is formally submitted to the FIC.

Format and Submission Method

Submission Platform

The STR must be submitted electronically through the FIC's online reporting system, called goAML. This is a secure portal that allows institutions to submit STRs and other required reports directly to the FIC.

Steps for Submitting the STR via goAML

1. Register: The business or accountable institution must first register with the FIC on the goAML portal.
2. Create an STR: Once registered, the institution can log in to the goAML portal and create a new Suspicious Transaction Report by filling in the required details.
3. Attach Supporting Documents: You may need to attach any relevant documentation that supports the suspicious transaction (e.g., identification documents, bank statements).
4. Submit: Once all the information is completed, the STR is submitted electronically.

Required Information in the STR Form

• Details of the suspicious transaction (e.g., date, amount, parties involved)
• Nature of the suspicion (e.g., unusual large cash deposits, transactions with no clear economic purpose)
• Customer's information (e.g., identity, contact details)
• Supporting documents (if necessary)

Submission Timing

The STR must be submitted within 15 business days of detecting the suspicious transaction.

Confidentiality

The submission of an STR is confidential, and under FICA, it is illegal to inform the client that an STR has been filed. This means the reporting institution and its employees must not disclose to the client or third parties that a suspicious transaction has been reported.

Penalties for Non-Compliance

Failure to report suspicious transactions can result in significant penalties, including fines or imprisonment, for both the accountable institution and its employees.