I, Banyong Fonyam Jonie Jr., am a lawyer and expert in Suspicious Transaction Reporting (STR). I assist financial institutions, fintech companies, NGOs, and corporate entities in developing legally sound STR processes that align with local regulations and global anti-money laundering (AML) standards. I ensure that your organization is not only compliant but also protected from regulatory exposure and reputational harm.
What Is Suspicious Transaction Reporting?
Suspicious Transaction Reporting (STR) is a legal requirement under AML/CFT laws. It involves identifying and reporting transactions that appear unusual, inconsistent with a customer’s known profile, or potentially linked to money laundering, terrorist financing, fraud, or corruption.
Submitting timely and accurate STRs to the Financial Intelligence Unit (FIU) or other competent authorities demonstrates your organization’s commitment to financial integrity and compliance.
Failure to report suspicious activity can lead to:
- Regulatory fines and sanctions
- Legal liability
- Reputational damage
- Increased scrutiny by regulators and partners
My STR Compliance Services
I provide expert, end-to-end support to help you establish and maintain an effective STR framework, including:
1. STR Policy and Procedure Development
- Drafting or reviewing internal STR policies and escalation protocols
- Aligning procedures with national AML laws and FATF Recommendations
- Defining clear roles and responsibilities for compliance staff and front-line employees
2. Suspicious Activity Detection Training
- Training staff to recognize red flags across different sectors and transaction types
- Custom sessions for compliance officers, tellers, agents, and senior management
- Use of real-life case studies and typologies (fraud, terrorism financing, bribery, etc.)
3. STR Documentation and Filing Support
- Guidance on how to properly document suspicion and prepare STR forms
- Ensuring accuracy, confidentiality, and legal adequacy in all reports
- Helping you submit STRs to the appropriate FIU in a timely manner
4. Post-STR Recordkeeping and Legal Safeguards
- Establishing secure STR storage and tracking systems
- Advising on employee protections and confidentiality requirements
- Ensuring that no “tipping-off” or legal breaches occur during or after filing
5. Internal Review and Audit Support
- Reviewing past STRs for quality and regulatory alignment
- Preparing for AML/CFT audits and regulator inspections
- Closing compliance gaps with targeted legal and procedural recommendations
Why Work With Me?
✔️ Legal Expertise – As a qualified lawyer, I bring deep knowledge of AML/CFT laws and financial regulations.
✔️ Hands-On Compliance Experience – I’ve helped banks, fintechs, NGOs, and international projects build practical STR systems.
✔️ Tailored Support – Every policy, training, and tool is customized to your business size, sector, and jurisdiction.
✔️ Risk-Based & Confidential – I prioritize legal risk reduction and maintain strict confidentiality in all engagements.
Who Needs STR Compliance Support?
- Commercial and Microfinance Banks
- Fintech and Mobile Money Operators
- NGOs, Charities, and Donor-Funded Projects
- Real Estate and Legal Professionals
- Insurance Companies, Forex Bureaus, and Remittance Agents
- Casinos, Cooperatives, and Accountants
Stay Ahead of Financial Crime—Report with Confidence
Suspicious transaction reporting isn’t just a box-ticking exercise—it’s a legal obligation and a frontline defense against financial crime. I help your team develop the tools, knowledge, and systems needed to detect and report suspicious activity effectively and lawfully.