Commercial Affairs Department

Suspicious Transaction Reporting

Importance of Filing Suspicious Transaction Reports (STRs)

Money laundering is an international concern. Criminals are known to launder proceeds of crime to legitimize their ill-gotten gains. If they are not stopped, they can enjoy their fruits of crime with impunity.

In recent years, many parts of the world have seen terrorist attacks. Governments worldwide have responded by stepping up their efforts to counter acts of terrorism and the financing of terrorism.

Suspicious Transaction Reports (STR) play an important role in combating money laundering and terrorism financing. A high level of suspicious transaction reporting is an internationally accepted indicator of the existence of a strong Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) regime.

Since the establishment of the Suspicious Transaction Reporting Office (STRO) in January 2000, the number of STRs received by the STRO has risen steadily every year. These STRs have been helpful in the detection of a number of significant cases.

Reporting Requirements

In the course of your trade, profession, business or employment, if you know or have reasonable grounds to suspect that any property may be connected to a criminal activity, you are required to file a Suspicious Transaction Report (STR) to the Suspicious Transaction Reporting Office (STRO). Failure to file a STR may constitute a criminal offence.

This reporting requirement is set out in Section 39 of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, Cap 65A (also commonly known as CDSA).

Every person in Singapore and every Singapore citizen outside Singapore also have a duty to provide information on property and financial transactions belonging to terrorist and acts of terrorism financing to the Police. This legal obligation is set out in Sections 8 and 10 of the Terrorism (Suppression of Terrorism) Act, Cap 325 (TSOFA). Failure to provide information may constitute a criminal offence.

The disclosure of terrorism financing information can be made to the Suspicious Transaction Reporting Office (STRO) in a STR.

How to File

Businesses and their employees can download the Suspicious Transaction Report (STR) Form from and e-file the completed STR on SONAR. STRO’s guidance on the completion of the STR Form is also available on SONAR.

The regulators for a number of reporting industries require entities to comply with the Anti Money Laundering and Counter Terrorism Financing (AML/CFT) legislation and regulations. They have requirements on customer due diligence, record keeping, internal controls, training and suspicious transaction reporting and have issued the industry specific guidelines and indicators on the detection and reporting of STRs.

Reporting Industry Indicators Directives and Guidelines
Approved CIS Trustees Indicators provided by Regulator MAS Notice SFA13-NO1/ Guidelines to MAS Notice SFA13-NO1
Website: https://www.mas.gov.sg
Bank Indicators provided by Regulator For Commercial Banks:
MAS Notice 626 / Guidelines to MAS Notice 626
Website: https://www.mas.gov.sg

For Merchant Banks:
MAS Notice 1014 / Guidelines to MAS Notice 1014
Website: https://www.mas.gov.sg
Casino Operator Available on SONAR Casino Control (Prevention of Money Laundering and Terrorism Financing) Regulations
Direct Life Insurance Indicators provided by Regulator MAS Notice 314/ Guidelines to MAS Notice 314
Website: https://www.mas.gov.sg
Estate Agent/Developer
(Real Estate)
Indicators (Estate Agent) provided by Regulator

Indicators (Developer) provided by your Regulator
For Estate Agent:
Website: https://www.cea.gov.sg

For Developer:
Website: https://www.ura.gov.sg
Exempt Operator
(Remote Gambling)
Available on SONAR Exemption Conditions on AML/CFT, issued to the exempted operators
Exemption certificate issued by Minister for Home Affairs under Remote Gambling Act.
Filing Agent/Qualified Individual
(Corporate Service Providers)
Indicators provided by Regulator Accounting and Corporate Regulatory Authority's directives on compliance with AML/CFT laws, regulations and guidelines.
Website: https://www.acra.gov.sg
Finance Company Indicators provided by Regulator MAS Notice 824 / Guidelines to MAS Notice 824
Website: https://www.mas.gov.sg
Financial Advisor Indicators provided by Regulator MAS Notice FAA-N06 / Guidelines to MAS Notice FAA-N06
Website: https://www.mas.gov.sg
Law Practice/Legal Practitioner Indicators provided by Regulator Website: https://www.lawsociety.org.sg
Licensed Trust Company/Trust Business Indicators provided by Regulator MAS Notice TCA-N03 / Guidelines to MAS Notice TCA-N03
Website: https://www.mas.gov.sg
Moneylender Indicators provided by Regulator Licence Conditions and AML/CFT laws
Website: https://www.mlaw.gov.sg; see section, “Information for Moneylenders”.
Money Changing and Remittance Business Indicators provided by Regulator MAS Notice 3001 / Guidelines to MAS Notice 3001
Website: https://www.mas.gov.sg
Non-Bank Credit Card or Charge Card Indicators provided by Regulator MAS Notice 626A / Guidelines to MAS Notice 626A
Website: https://www.mas.gov.sg
Non-profit/Not-for-profit Organisation Indicators provided by Regulator For Registered Charity:
Website: https://www.charities.gov.sg/

For Registered Society:
Website: https://www.ros.mha.gov.sg

For Mosque:
Majlis Ugama Islam Singapura policy documents on compliance with AML/CFT laws, regulations and guidelines
Pawnbroker Indicators provided by Regulator Licence Conditions and AML/CFT laws
Website: https://www.mlaw.gov.sg; see section, “Information for Pawnbrokers”.
Payment and Settlement System Indicators provided by Regulator MAS Notice PSOA-N02 / Guidelines to MAS Notice PSOA-N02
Website: https://www.mas.gov.sg
Precious Stones and Metals Dealer (PSMD) Indicators provided by Regulator Website: https://www.police.gov.sg
Professional Accountant / Auditor Indicators provided by Regulator Institute of Singapore Chartered Accountants' (ISCA) directives on compliance with AML/CFT laws, regulations and guidelines.
Website: https://www.isca.org.sg
Securities, Futures and Fund Management Indicators provided by Regulator For Capital Market Intermediaries:
MAS Notice SFA04-N02 / Guidelines to MAS Notice SFA04-N02

For Depositories:
MAS Notice SFA03AA-N01 / Guidelines to MAS Notice SFA03AA-N01
Website: https://www.mas.gov.sg
Trade (Zero GST Rated licensed Warehouses) Indicators provided by Regulator Singapore Customs' directives
Website: https://www.customs.gov.sg/businesses/customs-schemes-licences-framework/zero-gst-warehouse-scheme


If your business or employment is not within a regulated industry and you wish to file a Suspicious Transaction Report (STR), you should complete the Generic STR Form in English, and have it signed and delivered by post or by hand to the STRO’s office at:

Head, Suspicious Transaction Reporting Office
Commercial Affairs Department
391 New Bridge Road #06-701
Police Cantonment Complex Block D
Singapore 088762

Related Links

Last Updated on 22 October 2018