S3 Schedule 3: Reporting thresholds (Section 5)

1. REPORTING THRESHOLD FOR CASH TRANSACTIONS Every reporting entity shall report each transaction that is carried out by or through it involving cash transactions of SCR50,000 or more or the equivalent money in the currency of other countries.

2. REPORTING THRESHOLD APPLICABLE TO WIRE TRANSFERS Every financial institution that sends domestically or cross-border or receives cross-border wire transfers, including electronic fund transfers, shall report all wire transfers of SCR50,000 or more of the equivalent money in the currency of other countries. (Substituted by Act 7 of 2021)

3. REPORTING THRESHOLD APPLICABLE TO GAMBLING SECTOR All licensees within the gambling sector shall report all transactions of its customers involving SCR20,000 or more.

4. REPORTING THRESHOLD APPLICABLE TO BUREAU DE CHANGE Every Bureau de Change including banks acting as Bureau de Change for forex trading in respect of persons who are not their customers shall report all transactions of its customers involving SCR5,000 or more or the equivalent money in the currency of other countries. (Amended by Act 7 of 2021)
5. REPORTING THRESHOLD APPLICABLE TO VIRTUAL ASSET SERVICE PROVIDERS All Virtual Asset Service Providers shall report all transfers in virtual assets in the equivalent amount of SCR 50,000 or more. (Inserted by Act 12 of 2024) __________