The FIU Newsletter No. 1 – 2021. Suspicious Transaction Reports July-December 2020
The FIU has published the first edition of 2021 of its newsletter concerning the activities carried out in the second half of 2020.
The number of suspicious transaction reports (STRs) that the Unit received confirms a constantly increasing trend and reached a new peak, with 113,187 STRs transmitted during 2020.
In the second half of 2020, the UIF received 60,220 reports, a 10.3 per cent increase over the same period of the previous year, and analysed and sent 59,760 reports to the investigative bodies. In the same period, the Unit issued 15 suspension orders for suspicious transactions, for a total amount of €10.4 million.
Other important event during the in the second half of 2020:
- Law 120/2020 made changes to customer due diligence concerning anti-money laundering
- In August, the FIU publishes instructions for the aggregated Anti-Money Laundering Reports – S.AR.A, applied by the accounting date of January 2021, to be sent within april 8 th, 2021.
- In November, the FIU published new anomalous behaviour indicators concerning transactions relating to tax evasion.
- In the second half of 2020, the Director of the UIF attended two parliamentary hearings, one on organized financial crime linked to the COVID-19 crisis and one on the European Commission’s Action Plan.
- In dicember, the Financial Action Task Force published an update report about exposed areas to criminal activities.
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