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Shroud Basford Group C h an r i t y N u m b e r 1 1 3 2 6 2 6 C o m p an n y N u m b e r 5 1 2 8 2 8 1 STANDING ORDER MANDATE Please complete in block capitals: Your bank name: Your bank address:
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S T R O stands for Suspicious Transaction Report Order. It is a report that financial institutions are required to file with the authorities when they encounter transactions that raise suspicion of money laundering or terrorist financing.
Financial institutions such as banks, credit unions, and money service businesses are required to file S T R O.
S T R O should be filled out with all relevant information about the suspicious transaction, including the parties involved, the amount of money, and the reasons for suspicion.
The purpose of S T R O is to help authorities identify and combat money laundering, terrorist financing, and other illegal activities.
Information such as the parties involved in the transaction, the amount of money involved, the nature of the transaction, and the reasons for suspicion must be reported on S T R O.
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