Suspect transaction definition

Suspect transaction means a transaction in which a habitual violator does any of the following:
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Examples of Suspect transaction in a sentence

  • Suspect transaction reports, the information con- tained in them, or information about whether such a report was prepared can never be evidence as to whether or not a person committed a particular offence or whether an investigation was properly carried out.

  • Suspect transaction reports (SUSTRs) may continue to be reported on paper, although this is not AUSTRAC's preference.

  • It currently represents just 3% of total amount of flow of transactions.Limitative transactions:Suspect::20 OFFICE FOR PREVENTION AND CONTROL OF MONEY LAUNDERINGThe proportion of individuals and legal entities in the STRs: Suspect transaction Legal entities: Individuals: The increase of the number of STRs by 25% happened because of the increased number of STRs effectuated by legal entities.

  • Suspect transaction can be delayed, or blocked by the authorities.

  • The forensic capabilities include, but are not limited to, the following:  Transactions to high risk merchant categories;  Transactions on consecutive days;  High volume users;  High value transactions;  Any transactions post separation;  Transactions not acquitted within 60 days;  Duplicate transactions;  Cash withdrawals on Defence Purchasing Card;  Suspect transaction descriptions; and  Taxi purchases of high value.

Related to Suspect transaction

  • Subject Transaction as defined in Section 6.8(d).

  • Specified Transaction will have the meaning specified in Section 14 of this Agreement.

  • Acquisition Transaction means any transaction or series of transactions involving:

  • Exempt Transaction means an increase in the percentage of the outstanding shares of Common Stock or the percentage of the combined voting power of the outstanding Voting Stock of the Company beneficially owned by any Person solely as a result of a reduction in the number of shares of Common Stock then outstanding due to the repurchase of Common Stock or Voting Stock by the Company, unless and until such time as (a) such Person or any Affiliate or Associate of such Person shall purchase or otherwise become the Beneficial Owner of additional shares of Common Stock constituting 1% or more of the then outstanding shares of Common Stock or additional Voting Stock representing 1% or more of the combined voting power of the then outstanding Voting Stock, or (b) any other Person (or Persons) who is (or collectively are) the Beneficial Owner of shares of Common Stock constituting 1% or more of the then outstanding shares of Common Stock or Voting Stock representing 1% or more of the combined voting power of the then outstanding Voting Stock shall become an Affiliate or Associate of such Person.

  • Covered Transaction means a transaction that uses any funds under this award and that is a contract, memorandum of understanding, cooperative agreement, grant, loan, or loan guarantee.

  • Post-Transaction Period means, with respect to any Specified Transaction, the period beginning on the date on which such Specified Transaction is consummated and ending on the last day of the eighth full consecutive fiscal quarter of the Borrower immediately following the date on which such Specified Transaction is consummated.