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Simple English definitions for legal terms

suspicious-transaction report

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A quick definition of suspicious-transaction report:

Term: Suspicious-Transaction Report

Definition: A form that banks and other financial institutions used to have to fill out if they noticed a transaction that seemed suspicious. This could mean that someone was trying to hide money or avoid paying taxes. The form was replaced by a newer form called the Suspicious-Activity Report.

Abbreviation: STR

A more thorough explanation:

A suspicious-transaction report is a form that banks and other financial institutions use to report transactions that may be related to a violation of the Bank Secrecy Act or its regulations. It may also suggest money-laundering or tax evasion.

Formerly known as IRS Form 4789, this report includes a checkbox that financial institutions can use to indicate that a transaction is suspicious. However, this checkbox has been replaced by the suspicious-activity report.

Suppose a customer comes into a bank and tries to deposit a large sum of money in cash without providing any explanation for where the money came from. The bank may file a suspicious-transaction report to alert authorities to the possibility of money-laundering or other illegal activity.

Another example could be a customer who frequently deposits large sums of money into their account from different sources, but never withdraws any money. This could be a sign of money-laundering, and the bank may file a suspicious-transaction report.

These examples illustrate how a suspicious-transaction report can help financial institutions identify potentially illegal activity and report it to the appropriate authorities.

suspicious character | suthdure

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
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20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
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JumpySubsequentDolphin
21:34
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JumpySubsequentDolphin
21:35
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JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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