← Back to Curriculum

Intermediate

Practice Drills: Drafting a Sample Suspicious Transaction Report

A practice-first course that walks you through drafting a Suspicious Transaction Report (STR) the way a Principal Officer's team at an Indian bank actually does it. You start with a transaction monitoring alert on a fictional customer and work it through every stage: triage, KYC file review, red flag mapping against FIU-IND indicators, fund flow tracing across accounts, the file or close decision, the grounds of suspicion narrative, the structured report fields, and a quality check before submission on FINnet. Along the way you learn the framework behind every step: the Prevention of Money Laundering Act, 2002, the PML (Maintenance of Records) Rules, 2005, the RBI and SEBI KYC directions, reporting timelines, the tipping-off prohibition and record retention. The course closes with a securities market variation for stock brokers and a second case you draft end to end on your own. All cases, names and figures are fictional and for training only. Built for aspiring forensic auditors, compliance officers at banks and NBFCs, and finance professionals in risk and compliance roles.

Anti-Money LaunderingSuspicious Transaction ReportsPMLA and FIU-INDTransaction MonitoringKYC and Customer Due DiligenceCompliance Reporting

MODULES

5

DURATION

4 Hours

TRACK

Forensic Accounting & Compliance

What You'll Master

Explain what an STR is, who must file one and how it differs from CTRs and other FIU-IND reports

Triage a transaction monitoring alert and decide whether it deserves a full review

Review a KYC file against actual account behaviour and spot profile mismatches

Map transactions to recognised red flag indicators and trace fund flows across accounts

Write a clear, factual grounds of suspicion narrative that an FIU analyst can act on

Complete the structured STR fields and quality check the draft before submission

Handle timelines, confidentiality, tipping-off risk and record retention after filing

Access Level

LEARNER

Start Learning Now →Sign in to resume

Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: The STR Framework

3 Lessons

What a Suspicious Transaction Report Is and Who Must File One11 min read

The Reporting Framework Under PMLA, the PML Rules and FIU-IND13 min read

Meet the Case: An Alert at a Fictional Indian Bank11 min read

Chapter 2: From Alert to Suspicion

4 Lessons

Drill: Triaging a Transaction Monitoring Alert12 min read

Drill: Reviewing the KYC File Against Account Behaviour13 min read

Drill: Mapping Transactions to Red Flag Indicators13 min read

Drill: Tracing the Fund Flow Across Linked Accounts14 min read

Chapter 3: Drafting the Report

4 Lessons

Drill: Making the File or Close Decision and Recording It12 min read

Drill: Writing the Grounds of Suspicion Narrative15 min read

Drill: Completing the Account, Person and Transaction Details13 min read

Drill: Quality Checking the Draft Before Submission12 min read

Chapter 4: Filing and After

2 Lessons

Drill: Timelines, Confidentiality and the Tipping-Off Prohibition12 min read

Drill: Post-Filing Monitoring, Record Retention and FIU Requests12 min read

Chapter 5: Variations and the Full Drill

2 Lessons

Drill: Drafting an STR at a Stock Broker14 min read

Full Drill: Drafting a Complete STR on a Second Case16 min read