Record keeping is a major part of Anti-Money Laundering. As such , the following registers must be kept for the regulators as well as the auditors:
Register of Correspondence received from the regulator;
Register of Internal Suspicious Activity Reports (SARS) received from staff;
Register of Suspicious Activity Reports (SARS) and Suspicious Transaction Reports (STRs) submitted to the regulator;
Register of Law Enforcement Request for Information.
About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.
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