Suspicious transactions definition

Suspicious transactions means a transaction whether or not made in cash which to a person acting in good faith
Suspicious transactions. We can identify suspicious or extraordinary - transactions and may decline the transaction or block future transactions. Our processor may attempt to call you or e-mail you if suspicious transactions are attempted on your account. If you anticipate using your card for large purchases that are unusual as to type or location for you, you may wish to notify us in advance so we can avoid declining your transaction.
Suspicious transactions means transactions that do not correspond or conform to ordinary commercial practices.

Examples of Suspicious transactions in a sentence

  • We are obliged, as per MAS directives and guidelines on anti-money laundering and counter financing of terrorism (“AML/CFT’) measures, to report evidence or suspicion of financial crime to the Suspicious Transactions Reporting Office (“STRO”) of the relevant authorities at the earliest reasonable opportunity.

  • Reporting of Suspicious Transactions Effective detection and prevention of ML/TF depends on timely identification and reporting of suspicious transactions within the financial services sector.


More Definitions of Suspicious transactions

Suspicious transactions that may require reporting include, but are not limited to, (i) individual or related transactions in which a third-party provides payment in U.S. or foreign currency in excess of $10,000 that may require reporting under 31 USC Section 5331 and 26 USC Section 6050I; (ii) any transaction where the Development Owner or any Development Owner Party knows, suspects, or has reason to know that the transaction (A) is for an illegal purpose, including but not limited to money laundering; (B) is otherwise an attempt to disguise funds derived from illegal activity or evade reporting requirements under U.S. law; or
Suspicious transactions that may require reporting include, but are not limited to, (i) individual or related transactions in which a third-party provides payment in U.S. or foreign currency in excess of $10,000 that may require reporting under 31 USC § 5331 and 26 USC § 6050I; (ii) any transaction where the Borrower or any Borrower Party knows, suspects, or has reason to know that the transaction (A) is for an illegal purpose, including but not limited to money laundering;
Suspicious transactions means a transaction referred to in clause (h) including an attempted transaction, whether or not made in cash, which to a person acting in good faith;
Suspicious transactions. Means a transaction whether or not made in cash which, to a person acting in good faith-⮚ Gives rise to a reasonable ground of suspicion that it may involve the proceeds of crime; or⮚ Appears to be made in circumstances of unusual or unjustified complexity; or⮚ Appears to have no economic rationale or bonafide purpose.⮚ gives rise to a reasonable ground of suspicion that it may involve financing of the activities relating to terrorism; All the transactions of suspicious nature, irrespective of any monetary ceiling (whether more than ten lakh or not), whether or not made in cash should be reported to the Principal Officer of the Company. The reporting formats of suspicious transactions are attached to the Circular No. NHB (ND)/DRS/ POL-No-14 /2006 dated July 25, 2006 • ILLUSTRATIVE LIST OF SUSPICIOUS TRANSACTIONS PERTAINING TO INDIVIDUALS HOUSING LOANS:
Suspicious transactions means transactions that do not correspond or conform to ordinary
Suspicious transactions. : means every Transaction for which there is a suspect that money laundering activities are being carried out, or have been committed or attempted (for instance, based on its characteristics, size, nature, economic resources).
Suspicious transactions means Transactions, whether or not made in cash, which, to a person acting in good faith give rise to