A Suspicious Transaction is defined under the FIAMLA as a transaction which:
(a) gives rise to a reasonable suspicion that it may involve:
(i) the laundering of money or the proceeds of any crime; or
(ii) funds linked or related to, or to be used for, the financing of terrorism or proliferation financing or, any other activities or transaction related to terrorism as specified in the Prevention of Terrorism Act or under any other enactment, whether or not the funds represent the proceeds of a crime;
(b) is made in circumstances of unusual or unjustified complexity;
(c) appears to have no economic justification or lawful objective;
(d)is made by or on behalf of a person whose identity has not been established to the satisfaction of the person with whom the transaction is made; or
(e) gives rise to suspicion for any other reason.