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Suspicious Transaction Reporting training

Six microlessons on suspicious transaction reports under global AML and CTF standards, from the legal test for suspicion to writing an STR and avoiding tipping off, with a certificate of completion.

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Suspicious Transaction Reporting (Global) course preview
6Short, TikTok-style microlessonsIn the browser or the iOS and Android apps

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  • OnlineSelf-paced format
  • 6Microlessons
  • IncludedCertificate of completion
About this course

What the Suspicious Transaction Reporting course covers

This course covers suspicious transaction reporting in line with global AML and CTF standards in six microlessons. It explains the legal test for reporting, the red flags in transactions and customer behavior, what an STR is and how the international framework of FATF, the Egmont Group and national FIUs fits together, how to prepare and submit an STR, confidentiality and tipping off, and other reporting channels.

Learning outcomes

What your people will be able to do

  • Identify transactions and activity that meet the legal test of knowledge or reasonable grounds to suspect
  • Recognize transaction and customer red flags, including structuring, rapid movement of funds and third-party payments
  • Follow internal escalation and confidentiality procedures without investigating or disclosing suspicions
  • Prepare accurate STRs with factual, chronological narratives and the required details
  • Apply international STR frameworks and FIU reporting obligations, including timelines
  • Use parallel channels for fraud and cyber incidents, and apply the four core STR responsibilities
Course contents

6 microlessons

Each microlesson is a short, TikTok-style video lesson.

1When and What to Report
2Recognising Suspicious Behaviour
3Understanding Suspicious Transaction Reports
4Preparing and Submitting an STR
5Confidentiality and Tipping-Off
6Other Reporting Channels and Course Wrap-Up

  1. When and What to Report: The legal test for reporting, the reasonable suspicion threshold and how to escalate internally.
  2. Recognising Suspicious Behaviour: Transaction and customer red flags, including structuring, rapid movement of funds and third-party payments.
  3. Understanding Suspicious Transaction Reports: What an STR is, why it matters and how FATF, the Egmont Group and national FIUs fit together.
  4. Preparing and Submitting an STR: How to escalate to your nominated officer and write a factual, specific and chronological STR.
  5. Confidentiality and Tipping-Off: Why STRs stay confidential, the tipping-off offense and how to handle STR information.
  6. Other Reporting Channels and Course Wrap-Up: Where to report fraud and cyber incidents, and the four core responsibilities for reporting.
A 5Mins certificate of completion for Suspicious Transaction Reporting (Global), lying on a desk next to a laptop
Certificate

A certificate for every learner who completes it

Learners finish every microlesson. 5Mins then issues a certificate of completion for Suspicious Transaction Reporting (Global).

  • Certificates and e-signatures stored against each learner
  • Audit-ready records, ready whenever an auditor asks
  • Completion shows on the Compliance Dashboard in real time
Audience and regulation

Who it's for and the law it covers

Who it's for

  • Employees who handle transactions or customer accounts in any jurisdiction
  • Nominated officers, MLROs and compliance teams who review internal reports
  • Multinational teams who need one baseline on reporting suspicions
  • Managers who receive concerns from their teams

Laws covered

  • FATF Recommendations. The international standards that require suspicious transactions to be reported to a national financial intelligence unit.
  • Egmont Group and national FIUs. The network of financial intelligence units that receive STRs. Submission channels, fields and timelines vary by jurisdiction.
How it runs in 5Mins

Assign it once, then let 5Mins do the chasing

Every course in the 5Mins library runs on the same zero-admin engine.

  • EnrollAuto-enroll

    Enroll people automatically from your HR system, with 100+ HRIS platforms supported.

  • RemindReminders

    Nudges by email, Slack, Microsoft Teams and push until the course is done.

  • RepeatRecurrence

    Set the course to repeat, for example every 12 months, and 5Mins re-enrolls people for you.

  • CertifyCertificates

    Certificates and e-signatures are issued and stored for every completion.

  • ProveAudit-ready records

    See who is complete, at risk or overdue on the Compliance Dashboard, and prove it any time.

Customer stories

Compliance teams that swapped chasing for results

Compliance, HR and L&D leaders on what changed when they moved their training to 5Mins. Pick a team to see what changed.

ComplianceCompliance Training Insurance, 205 colleagues 100%

compliance completion and pass rate since go-live

  • ~1 day saved on each compliance course (HR estimate)
  • Automated reminders and reporting

Since go-live, our compliance completion and pass rates are 100%, and it's the quickest we've ever got there. Automated reminders and reporting save us about a day per course.

Laura ChappellLaura ChappellHR Director, Collingwood
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ComplianceCompliance Training Insurance and emergency accommodation 87%

less session time, from 2.5-3 hour sessions to modules of 25 minutes at most

  • 12 monthly sessions a year, up from 3-4
  • 95% content creation time saved

Our compliance sessions used to be two and a half to three hours in a room, and we could fit in three or four a year. Now we cover one topic a month, and I can see exactly what people are retaining.

Lucy WybornLucy WybornDirector of Learning and Development, ICAB
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ComplianceCompliance Training Legal services 80%

completion on mandatory training, up from 20%

  • Mobile microlessons finished between calls
  • Manager view of each team's progress

We were sitting at 20% completion on our mandatory training. We're now at 80%. People finish short lessons between calls, on mobile, and managers can see where their teams are, so chasing completion is no longer a one-person job.

Jamie WaltonJamie WaltonGroup Learning and Development Officer, Winn Solicitors
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ComplianceCompliance Training Fintech and digital banking On demand

training log showing who did what, when, and the pass rate

  • Any device phone or laptop, at their own pace
  • Rolling refreshers through the year

When I engage with the FCA, I can show that every team has had training tailored to their role, that it's up to date, and that it runs throughout the year, with a full log of who's done what.

Abdul GofurAbdul GofurHead of Compliance & Anti-Financial Crime, nsave
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Free course catalogues

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Free PDF catalogues to share with your compliance lead, your managers or your board.

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Global Financial Compliance Catalogue

Specialized compliance training for financial services teams working across borders, covering AML, risk management, customer due diligence and international regulations.

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Your questions answered

Questions about Suspicious Transaction Reporting training

How long is the Suspicious Transaction Reporting course?

It's made up of 6 short microlessons. Learners can finish it in one sitting or spread it over a few days, and 5Mins sends reminders until it is done.

Is there a certificate?

Yes. Learners get a certificate of completion once they finish every microlesson. The record is stored in 5Mins for audits.

What is the difference between an STR and a SAR?

Both report suspicions of money laundering or terrorist financing to a financial intelligence unit. Many jurisdictions call them suspicious transaction reports; the UK calls them suspicious activity reports.

Do I need proof before reporting?

No. The test is knowledge or reasonable grounds to suspect. You don't need proof, and there is no minimum amount. The first microlesson explains the threshold.

Who should take this course?

Anyone who handles transactions or customer accounts, plus the nominated officers, MLROs and managers who receive and review concerns.

Can I try the course first?

Yes. Request a free sample lesson and book a short demo with our team. After your demo, we'll share sample lessons with you so you can see the format for yourself.

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