Requirement of Filing STR

The laws state that when a person knows or suspects that any property is proceeds of drug trafficking or a crime, or terrorist property, or was used in connection with drug trafficking, a crime or terrorist act, or is intended to be used in drug trafficking, a crime or terrorist act, he or she should report his or her knowledge or suspicion to an authorized officer (i.e. JFIU officers) as soon as practicable.

Failing to report is an offence which is liable to HK$ 50,000 fine and 3-month imprisonment.