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Strips 1504. Braided 1505. Loom woven rug 1506. Any type rug, name technique 1507. Original design rug. Original means your own design, not copied from a pattern or combination of patterns2020. Tied
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Strips stands for Suspicious Transaction Reports and Information and Prevention System.
Financial institutions, designated non-financial businesses and professions, and certain government agencies are required to file strips.
Strips can be filled out electronically through the designated reporting system provided by the financial intelligence unit of the respective country.
The purpose of strips is to help detect and prevent money laundering, terrorist financing, and other financial crimes by reporting suspicious transactions to the authorities.
Information such as the nature and details of the suspicious transaction, identities of the parties involved, and any other relevant details should be reported on strips.
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