Suspicious Transaction Report

Reporting entities must report a STR if they suspects that a transaction or attempted Transaction involves proceeds of crime or is related to terrorist financing.


Reporting entities must prepare a report of the transaction or attempted transaction and give the report to the Director as soon as possible, but no later than 2 working days after forming the suspicion.


Further, reporting entities must not proceed any further with the transaction unless directed do so by the Director
 Suspicious Transaction Report Form

Suspicious Activity Report

Reporting entities must report a SAR if they suspect that a series of transaction or an act involves proceeds of crime or is related to terrorist financing.


Reporting entities must prepare a report of the series of transactions or act and give the report to the Director as soon as possible, but no later than 2 working days after forming the suspicion.


Further, reporting entities must not proceed any further with the transaction unless directed do so by the Director


 Suspicious Activity Report Form

Transaction conducted by Prescribed Entity

Reporting entities must report a STR if a prescribed entity conducts or seeks to conduct a transaction through or by using the entities.


Reporting entities must prepare a report of the transaction or attempted transaction and give the report to the Director as soon as possible, but no later than 2 working days after forming the suspicion.


Further, reporting entities must not proceed any further with the transaction unless directed do so by the Director.

Transaction involving terrorist property

Reporting entities must report a STR if they have information in their possession concerning any transaction or attempted transaction which it suspect to involve terrorist property, property linked to terrorist or terrorist organisation.


Reporting entities must prepare a report of the transaction or attempted transaction and give the report to the Director as soon as possible, but no later than 2 working days after forming the suspicion.


Further, reporting entities must not proceed any further with the transaction unless directed do so by the Director.

RESPONSE TO FIU REQUESTS

Reporting entities, if requested in written by the FIU, must respond and disclose requested information to the FIU.

Compliance Report

Reporting entities as part of their market-entry requirement must complete and submit their compliance reports if requested by FIU.

External Audit Report

Reporting entities must periodically engage an external auditor to provide an independent review of their AML&CTF processes, procedures an systems and make recommendations for improvements.

Transaction involving proliferation financing

Reporting entities must report a STR if they suspect transaction or attempted transaction which it suspect to involve financing of proliferation.


Reporting entities must prepare a report of the transaction or attempted transaction and give the report to the Director as soon as possible, but no later than 2 working days after forming the suspicion.


Further, reporting entities must not proceed any further with the transaction unless directed do so by the Director.

Certain transactions with no legitimate purpose

Reporting entities must report a STR if they suspects that a transaction or attempted transaction:


  1. is complex, unusual or large and does not have any apparent or visible economic or lawful purpose.
  2. is part of an unusual pattern of transactions that does not have any apparent or visible economic or lawful purpose.

Reporting entities must prepare a report of the transaction or attempted transaction and give the report to the Director as soon as possible, but no later than 2 working days after forming the suspicion.


Further, reporting entities must not proceed any further with the transaction unless directed do so by the Director

Supervisory body or auditor to report suspicious transaction

Supervisory bodies or Auditors of reporting entities must report a STR if they have reasonable grounds to suspect that a transaction or an attempted transaction, or information that they have in their possession involves proceeds of crime or is related to terrorist financing.


Supervisory bodies or Auditors must prepare a report of the transaction or attempted transaction and give the report to the Director as soon as possible, but no later than 2 working days after forming the suspicion.

Reporting entities must report to the Director any single transaction of an amount in cash exceeding the prescribed threshold or its equivalent in a foreign currency, unless the originator and beneficiary of the transaction are reporting entities carrying on the business set out in section 2(b) of this Act.

 Cash Transaction Report Form

Reporting entities must report to the Director the transmission of currency out and into Vanuatu of an amount exceeding the prescribed threshold or its equivalent in a foreign currency in the course of a single transaction.

 International Funds Transfer Report Form

Reporting entities must report to the Director the transmission of other currency transfer out and into Vanuatu of an amount exceeding the prescribed threshold or its equivalent in a foreign currency in the course of a single transaction.

 Cash Courier Report Form

A person who leaves or arrives in Vanuatu with more than VT 1 million in cash or negotiable bearer instruments on his or her person or on his or her luggage must declare the cash and instruments to the Department of Customs and Inland Revenue.

 Border Currency Report Form