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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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What is s t r o?
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.
Who is required to file s t r o?
Financial institutions such as banks, credit unions, and money service businesses are required to file S T R O.
How to fill out 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.
What is the purpose of s t r o?
The purpose of S T R O is to help authorities identify and combat money laundering, terrorist financing, and other illegal activities.
What information must be reported on s t r o?
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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