In an advisory, the country’s sole financial intelligence unit said all covered persons under Republic Act 9160 or the Anti-Money Laundering Act (AMLA) of 2001 as amended are required to submit STRs.

“STRs must be complete, accurate, and timely as they are vital sources of financial intelligence and are essential in the investigation and prosecution of money laundering, terrorism financing, and other related cases or crimes,” AMLC said.