All records, documents, data and statistics related to transactions such as transaction receipts, KYC, CDD and EDD, ongoing monitoring, business correspondence and copies of personal identification documents must be retained for a minimum period of five (5) years from the date of completion of the transaction, termination of the business relationship or from the closing date of the account.
16.29.2
Records, in the context of Paragraph 16.29.1 of this Chapter, include electronic communication and documentation as well as physical, hard copy communication and documentation.
16.29.3
Records retained by the Licensed Person must be sufficient to permit the reconstruction of individual transactions.
16.29.4
AML training registers, training plans, AML training materials and other evidence for providing AML training must be retained for a period of five (5) years from the date of training.
16.29.5
Supporting documents for the transaction monitoring and investigations carried out on unusual transactions must be retained for a minimum period of five (5) years.
16.29.6
All documents related to STRs, SARs or other report types, including internal disclosures by employees and results of any analysis performed, must be retained for a minimum period of five (5) years from the date the STR, SAR or other report was reported. In case the matter is subject to litigation in a court or under investigation by an enforcement agency, the supporting documents related to such transactions or STR, SAR or other report must be retained for a minimum period of five (5) years from the date of issuance of a final decision of the competent judicial authority or from the date of completion of the investigation.
16.29.7
Any other records to demonstrate compliance with the AML/CFT Laws, Regulations, Notices and the Standards must also be retained.