FATF 40 Recommendations
D. Preventive measures (R.9 to R.23) – FATF 40 Recommendations

FATF 40 Recommendations R.11: R.11 Record-keeping

Financial institutions are required by law to keep, for at least five years, all necessary records on domestic and international transactions sufficient to reconstruct individual transactions including amounts and currencies and to serve as evidence for prosecution, and to keep all records obtained through CDD (copies of identification documents, account files, business correspondence and the results of any analysis such as inquiries into complex or unusual large transactions) for at least five years after the relationship ends or the occasional transaction; CDD information and transaction records are available to domestic competent authorities upon appropriate authority.

Maintained by Gerard BlokdykControl text last updated

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