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People who are applying for immigration purposes, such as visas or residency in a foreign country, may require sitchs to provide necessary information and documentation.
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SITCHs stands for Suspicious Activity Report by the Central Bank of Jurisdiction.
Financial institutions and individuals engaged in financial transactions are required to file SITCHs.
SITCHs can be filled out online through the Central Bank's reporting portal.
The purpose of SITCHs is to report any suspicious financial activities that may be related to money laundering or terrorism financing.
Information such as the nature of the suspicious activity, the parties involved, and any related financial transactions must be reported on SITCHs.
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