In a world where financial security is paramount, the ML1 form plays a critical role in safeguarding the integrity of financial systems globally. Crafted under the Criminal Justice (Money Laundering & Terrorist Financing) Act of 2010, this form is a tool for reporting entities to document and report suspicious transactions that may be indicative of money laundering or terrorist financing. Entities like credit and financial institutions, money laundering reporting officers, property service providers, accountants, auditors, tax advisors, trust/company service providers, legal professionals, casinos, dealers in high-value goods, and other competent authorities are required to diligently fill out the ML1 form, providing details such as the Garda and source reference numbers, the date, and the type of reporting entity. Essential information such as contact details, account policy numbers, and the date business relationships commenced are also covered in the form. Crucial personal details of customers or clients involved, including names, addresses, dates of birth, identification references, employment information, and nationality, must be accurately recorded. Moreover, the form delves into the specifics of the suspicious transaction, including the amounts involved, the method of transaction, and any relevant details about the individuals conducting or instructing these transactions. If electronic transfers are part of the suspicion, detailed sender and beneficiary information, along with bank details, are required. Additionally, the form allows for the elaboration of the reporting entity’s knowledge, suspicion, or reasonable grounds for filing the suspicious transaction report (STR), ensuring a comprehensive approach to combating financial crimes. This vital document not only aids in the prompt detection of illegal financial activities but also reinforces the global fight against money laundering and terrorism funding.
| Question | Answer |
|---|---|
| Form Name | Form Ml1 |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | money lungery form, sender, respective, Auditor |
ML1
CRI M I N AL J U ST I CE (M ON EY LAU N DERI N G & T ERRORI ST
FI N AN CI N G) ACT , 2 0 1 0
GARDA REF. NO. _______________ SOURCE REF. NO. _____________ DATE ________________
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(Please tick one of the following boxes) |
NAME OF REPORTING ENTITY: |
Credit Institution |
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Financial Institution |
CONTACT: Money Laundering Reporting Officer |
Property Service Provider |
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Accountant/ Auditor |
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Tax Advisor |
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Trust/Company Service Provider |
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Relevant Independent Legal Professional |
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Casino/Private Members’ Club |
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Dealers in High Value Goods |
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Competent Authority |
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Other |
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ADDRESS OF REPORTING ENTITY: |
CONTACT PHONE NO: |
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ACCOUNT/POLICY NOS. & DATE BUSINESS RELATIONSHIP COMMENCED: |
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CUSTOMER/CLIENT/POLICY NAME(S): |
ADDRESS OF CUSTOMER/CLIENT: |
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DATE OF BIRTH: |
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IDENTIFICATION AND/OR REFERENCES PRODUCED (INCLUDING SERIAL NOS./IDENTIFICATION NOS., WHERE APPROPRIATE – PASSPORT NOS., DRIVING LICENCE NOS., ETC.)
EMPLOYER:
OCCUPATION:
NATIONALITY:
Details of sum(s) leading to suspicion [specifying whether cash, cheque, etc. and details of person carrying out transaction/instructing same. If sum(s) relate(s) to electronic transfers, specify sender/beneficiary details and respective bank details, etc.]
Other relevant information pertaining to the designated person’s knowledge, suspicion or reasonable grounds upon which this Suspicious Transaction Report (STR) is based:
(To be continued on additional pages, if required)