According to Article 11 of the Measures for the Administration of Reports on Large-value Transactions and Suspicious Transactions of Financial Institutions, if a financial institution discovers or has reasonable reasons to suspect that a customer, his funds or other assets, his transactions or attempted transactions are related to criminal activities such as money laundering and terrorist financing, it shall submit a suspicious transaction report regardless of the amount of funds or the value of assets involved.

Financial institutions should manually analyze and identify the transactions screened by transaction monitoring standards, and record the analysis process; If it is not reported as a suspicious transaction, it shall record and analyze the reasonable reasons for exclusion; If it is confirmed as a suspicious transaction, the analysis process of customer identity characteristics, transaction characteristics or behavior characteristics shall be fully recorded in the reasons for reporting suspicious transactions.

Extended data:

Relevant requirements for large-value transactions and suspicious transactions of financial institutions:

1. A financial institution shall establish and improve an internal control system against money laundering in accordance with the provisions of this Law, and the person in charge of the financial institution shall be responsible for the effective implementation of the internal control system against money laundering. Financial institutions shall set up special anti-money laundering institutions or designate internal institutions to be responsible for anti-money laundering work.

2. Where a financial institution identifies a customer through a third party, it shall ensure that the third party has taken customer identification measures that meet the requirements of this Law; If the third party fails to take customer identification measures in line with the provisions of this Law, the financial institution shall bear the responsibility for failing to fulfill the obligation of customer identification.

3. Financial institutions shall, in accordance with the provisions, establish a system for keeping customer identity information and transaction records. During the business relationship, if the customer identity information changes, the customer identity information should be updated in time.

Baidu Encyclopedia-Measures for the Administration of Large Transaction and Suspicious Transaction Reports of Financial Institutions