In carrying out its functions in relation to Suspicious Transaction reports, the Unit shall have the following competences: 1. Receive reports from Financial Institutions, DNFBPs, and Virtual Asset Service Providers in accordance with the forms approved by the Unit, examine, analyze, and retain such reports in its database; 2. Request Financial Institutions, DNFBPs, Virtual Asset Service Providers, and Concerned Authorities to provide any additional information or documents relating to the reports and information received by the Unit, as well as any other information it deems necessary for the performance of its functions, including information relating to disclosure systems, customs information, tax information, Population Register information, and the information referred to in Paragraph (b) of Clause (1) of Article (9) and Article (10) of this Resolution, within the timeframes and in the manner determined by the Unit; 3. Analyze reports and available information as follows: a. Operational analysis, using available and obtainable information to identify specific targets such as persons, funds, or criminal networks, trace the course of specific activities or Transactions, and identify links between such targets, activities, or Transactions and potential criminal property; b. Strategic analysis using available and obtainable information, including data provided by the Concerned Authorities, to identify Crime trends and patterns; 4. Provide Financial Institutions, DNFBPs, and Virtual Asset Service Providers with feedback on reports received by the Unit to enhance the effectiveness of Crime combating measures and the detection and reporting of Suspicious Transactions; 5. Cooperate and coordinate with the Supervisory Authority by referring the results of its analyses relating to the quality of reports received, in order to ensure compliance by Financial Institutions, DNFBPs, and Virtual Asset Service Providers with Crime combating procedures; 6. Use dedicated, secure, and protected channels to disseminate report-related data, analysis results, and other relevant information to Law Enforcement Authorities, where sufficient grounds exist to suspect a link to the Crime, for the purpose of taking the necessary actions in this regard; 7. Use dedicated, secure, and protected channels to provide the Public Prosecution and Law Enforcement Authorities with information relating to Crime, including information obtained from Financial Intelligence Units in other countries, whether spontaneously or upon request.
Interpretation and application must be checked against the official text and current version.