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SPECIFICATIONS FOR Idaho State University Service Contracts for: HEATING AND AIR CONDITIONING SERVICES IDAHO FALLS DPW # 21854D CHERYL HANSON ASSOCIATE VICE PRESIDENT OF FACILITIES SERVICES IDAHO
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S P E C stands for Suspicious Activity Report by Institutions for Cheque Transactions.
Financial institutions such as banks and credit unions are required to file s p e c.
S P E C can be filled out electronically through the designated reporting system provided by the regulatory authorities.
The purpose of s p e c is to report any suspicious activities related to cheque transactions that may indicate money laundering or terrorist financing.
Information such as details of the transaction, parties involved, reasons for suspicion, and any supporting documentation must be reported on s p e c.
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