A SAR/STR on cash activity is filed for a company registered in the Marshall Islands...

The identification details of the beneficial owner and authorized signatory are key for law enforcement’s physical surveillance of cash activity, as they would help identify the person who controls and operates the company and who is responsible for its financial transactions. The company’s operating address is also key, as it would help locate the premises where the cash activity takes place and observe any suspicious movements or behaviors. The identification details of the nominee shareholder and directors are not relevant, as they are not involved in the management or operation of the company. The company’s registered address is also not relevant, as it is likely to be a shell or mailbox address that does not reflect the actual location of the business.

References: Advanced CAMS-FCI Study Guide, page 44-45; [FATF Guidance on Transparency and Beneficial Ownership], page 12-13.