Suspicious Transaction Reporting Office (STRO)

STRO is Singapore's Financial Intelligence Unit (FIU). It is the central agency in Singapore for receiving, analysing and disseminating reports of suspicious transactions, known as Suspicious Transaction Reports (STRs). STRO turns raw data contained in STRs into financial intelligence that could be used to detect money laundering, terrorism financing and other criminal offences. It also disseminates financial intelligence to relevant enforcement and regulatory agencies.

STRs have been very useful in combating crime. CAD has successfully detected a wide variety of criminal activity, such as cheating, criminal breach of trust, forgery and securities trading malpractices, as well as money laundering and terrorism financing. STR information has directly or indirectly led to the seizure of $110 million of proceeds of crime since 2000.

STRO conducts various outreach programmes to various industry sectors to raise anti-money laundering and counter financing of terrorism (AML/CFT) awareness, as well as to encourage the increase in the quantity and quality of STRs.

At the international front, as Singapore's FIU, STRO represents Singapore at international forums and regional bodies in global AML/CFT efforts. STRO also maintains close working relationships with FIUs in other countries through the Egmont Group of FIUs.