9.2 Required Record Types

Effective from 13/7/2023

(AML-CFT Law Articles 16.1(a),(b),(f); AML-CFT Decision Articles 7.2, 24)

The AML-CFT Law and AML-CFT Decision oblige FIs to retain several types of records, which can be classified broadly into the following categories:

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Transaction Records. This category relates to operational and statistical records, documents and information concerning all transactions executed or processed by the FI, whether domestic or international in nature.

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CDD Records. This category relates to records, documents, and information about customers, their due diligence, and the investigation and analysis of their activities, and can be further divided into sub-categories such as records pertaining to:

-	Customer Information, including account files and business correspondence, and results of any analysis undertaken
-	Company Information
-	Reliance on Third Parties to Undertake CDD
-	Ongoing Monitoring of Business Relationships
-	Suspicious Transaction Reports (STRs)

Additional guidance related to these record types is provided in the following sub-sections.