6.7 Narrative

Use the Narrative option to summarize suspicious activity and mention the action taken by the reporting entity.

To use the Narrative option, follow these steps:

1. On the Reports Details page, click the Narrative tab. The Narrative page is displayed.
2. Enter the following information in the respective fields. Fields marked with * are mandatory.
   • • Description of Suspicious Activity: Enter the following information:
       • Background/profile/occupation of the customer and other related individuals/entities.
       • When did the relationship with the customer begin?
       • How was suspicion detected?
       • What information was linked or collected during the review process?
       • What explanation was provided by the subject(s) or other persons (without tipping off)?
       • Summary of suspicion of whether the suspicious activity is an isolated incident or relates to another transaction?
       • Who benefited, financially or otherwise, from the transaction(s), how much, and how (if known)?
       • What is the volume of transactions in reported accounts in the financial year, and what is the volume of cash transactions? Whether any STR been filed for the customer earlier?
       • Any additional information that might assist law enforcement authorities.
     • Action Taken by Reporting Entity: Enter the following details.
       • Details about the investigation being conducted, covering the name of the agency, contact person, and contact details.
       • The source of the investigation could be both internal to the reporting entity and any investigation by a law enforcement agency.
       • Whether any Law enforcement agency is informed about the incident reported in the STR.
       • Contact details of the person in the law enforcement agency that is conducting the investigation.
3. Click Save to update the narration of suspicious activity.

The Audit section tracks both actions and comments entered while performing the Narrative

action.