6.4. Record Retention
Effective from 7/6/2021According to Article 24 of the AML-CFT Decision, LFIs are required to retain all records and documents pertaining to STRs and the results of all analysis or investigations performed for at least five (5) years from the date of completion of the transaction or termination of the business relationship. Such records relate to both internal STRs and those filed with the FIU, and should include but are not limited to:
| • | Suspicious transaction indicator alert records, logs, investigations, recommendations and decision records, and all related correspondence; | |||
| • | Competent authority request for information, correspondent bank requests for assistance, and their related investigation files and correspondence; | |||
| • | CDD and Business Relationship monitoring records, documents, and information obtained in the course of analyzing or investigating potentially suspicious transactions, requests for assistance by LFIs, and all internal or external correspondence or communication records associated with them; | |||
| • | STRs, SARs, and other report types (internal and external), logs, and statistics, together with their related analysis, recommendations and decision records, and all related correspondence; and | |||
| • | Notes concerning feedback provided by the FIU with respect to reported STRs, SARs, and other report types, as well as notes or records pertaining to any other actions taken by, or requested by, the FIU. | |||