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DIG Newsletter DIABETES NURSING INTEREST GROUP S P R I N G INSIDE THIS ISSUE: Diabetes and Mental Health Webcast Series 2 Ryan s Law 3 Type 1 Diabetes in the School 4 Queen s Park Day 2014 6 2014
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What is s p r i?
S P R I stands for Suspicious Activity Report by Financial Institutions. It is a report submitted by financial institutions to report suspicious transactions that may indicate potential money laundering or terrorist financing activities.
Who is required to file s p r i?
Financial institutions such as banks, credit unions, and other financial service providers are required to file S P R I.
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S P R I forms can be filled out electronically or manually, following detailed instructions provided by regulatory authorities. It requires information about the suspicious activity, the parties involved, and any relevant transaction details.
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The purpose of S P R I is to help detect and prevent money laundering, terrorist financing, and other financial crimes by enabling financial institutions to report suspicious activities to regulatory authorities.
What information must be reported on s p r i?
Information such as the nature of the suspicious activity, the individuals or entities involved, transaction details, and any additional relevant information must be reported on S P R I.
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