What is SAR | What is SMR | SMR | STR | SAR | SAR in TM | What is Suspicious Activity Report in AML

What is SAR | What is SMR | SMR | STR | SAR | SAR in TM | What is Suspicious Activity Report in AML

SAR stands for Suspicious Activity Report in the context of Anti-Money Laundering, which is also known as SMR (Suspicious Matter Report) and STR (Suspicious Transaction Report). AML refers to a set of regulations and procedures aimed at preventing the illegal process of disguising the origins of illicitly obtained money. Financial institutions and other regulated entities are required to implement AML measures to identify and report suspicious activities that may be indicative of money laundering or other illicit financial activities.

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