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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549FORM 10Q (Mark One)QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period
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SPRi stands for Suspicious Activity Report, it is a form that financial institutions use to report suspicious transactions to authorities.
Financial institutions like banks, credit unions, and money services businesses are required to file SPRi.
SPRi can be filled out electronically or on paper, and must include details about the suspicious transaction and the individuals involved.
The purpose of SPRi is to help prevent money laundering and terrorist financing by reporting suspicious financial activities.
Information such as the nature of the suspicious activity, the individuals involved, and any relevant transaction details must be reported on SPRi.
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