Effective from Nov 01 2017 - Nov 01 2017 To view other versions open the versions tab on the right
1-
FIs, and DNFBPs shall keep records, for all domestic or foreign financial transactions as well as commercial and monetary transactions, keep all records and documents for a period of no less than ten years from the date of concluding the transaction or closure of account.
2-
In specific cases, the Public Prosecution may oblige FIs and DNFBPs to extend the record keeping period for as long as required for the purpose of a criminal investigation or prosecution.
3-
Records shall be sufficient to permit reconstruction of transactions and shall be maintained in a manner so that they can be readily made available to competent authorities upon request.
