Submitting regulatory reports such as suspicious activity reports (SARs), suspicious transaction reports (STRs) or suspicious matter reports (SMRs) is a mandatory part of AML/CTF reporting obligations and is crucial to combating financial and organised crime.
 


However, for many teams, the reporting process remains fragmented, manual, and time-sensitive

• Regulators require reports to be submitted within strict timeframes after suspicious behaviour is detected, ranging from 24 hours to 30 days depending on the risk posed
‍
• Reporting is subject to ‘tipping off’ regulations, which restrict how and when reports can be handled and shared
‍
• Regulatory requirements demand a clear audit trail, with supporting documentation stored and available for review
‍
• The data required to complete reports is often spread across multiple systems, making collation manual, time-consuming, and often leading to lower-quality reports that may be overlooked or rejected.