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Final agency action regarding decision below:ALJ FIN ALJ Decision final by statute IN THE OFFICE OF ADMINISTRATIVE HEARINGSSIEGLINDE MARTIN, Petitioner, vs. BELLS 26 HOMEOWNERS ASSOCIATIONRespondent.
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ALJFIN stands for Anti Money Laundering and Counter Financing of Terrorism Reporting System. It is a system implemented by the Financial Intelligence Unit to collect and analyze reports related to suspicious financial transactions.
Financial institutions, designated non-financial businesses and professions, and other entities specified by the relevant authorities are required to file ALJFIN reports.
ALJFIN reports can be filled out electronically through the reporting system provided by the Financial Intelligence Unit. The reporting system requires the submission of specific information related to the suspicious financial transactions.
The purpose of ALJFIN is to assist in the detection and prevention of money laundering and terrorism financing activities. By reporting suspicious financial transactions, the authorities can investigate and take necessary actions to combat such illicit activities.
ALJFIN reports must include details of the suspicious financial transactions, such as the parties involved, the amount of money or assets involved, the nature of the transaction, and any other relevant information that can help in the investigation.
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