RegSol Blog

MLRO Update: Revenue STR Reporting to go Online…Finally!

August 2020

Up until now, Designated Persons would have been making their Suspicious Activity Reports online to the Gardai via their online reporting system “FIU GoAML” and then making a separate report to the Revenue Commissioners via post. 

From the 7th of September 2020, Revenue Commissioners will require suspicious activity reports to be submitted online to Revenue, using Revenue‘s Online Service (ROS) only. Revenue will no longer accept hard copy (paper) STRs from that date onwards.

Reporting Entities will continue to submit STRs to both Revenue and An Garda Síochána’s Financial Intelligence Unit (FIU), as dual reporting remains a requirement.

All reporting entities must register with ROS first. 

For further information please click HERE.

By: Judy de Castro

Regulatory Consultant