An accountable institution must file a report if they suspect that: 

• The business in which they are involved has received or is about to receive the proceeds of any unlawful activity
• A transaction or series of transactions in which your business is involved has facilitated or is likely to facilitate the transfer of proceeds of unlawful activities from one person to another or from one location to another
• A transaction or series of transactions in which your business is involved has no apparent business or lawful purpose
• A transaction or series of transactions in which your business is involved is conducted to avoid giving rise to a reporting duty under the FIC Act
• A transaction or series of transactions in which your business is involved may be of interest to the South African Revenue Service in a possible investigation of tax evasion
• The business in which you are involved has been used or is about to be used in any way to hide or disguise the proceeds of unlawful activities 

Category: Compliance and supervision / Suspicious and unusual transaction reporting