Section 7C: Record keeping — Anti-Money Laundering Act, 2010

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7C. Record keeping.— Every reporting entity shall maintain a record of all transactions for a period of at least five years following the completion of the transaction and records of account files, business correspondence, documents of all records obtained through CDD and the results of any analysis undertaken for a period of at least five years following the termination of the business relationship.

Effective date: 2010-03-27

Amendment history

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Related sections

Section 7B: Reliance on third parties Section 7D: Inability to complete CDD and tipping off Section 7A: Conducting CDD Section 7E: Anonymous business relationships and transactions Section 7: Procedure and manner of furnishing information by reporting entities Section 7F: Risk understanding

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