Anti-Money Laundering and Countering Financing of Terrorism Act 2009

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49A Obligation to keep reports of suspicious activities

(1)

If a reporting entity reports a suspicious activity to the Commissioner, the reporting entity must keep a copy of that report.

(2)

The reporting entity must keep a copy of the report for—

(a)

a period of at least 5 years after the report is made; or

(b)

any longer period that the AML/CFT supervisor for the reporting entity, or the Commissioner, specifies.

Section 49A: inserted, on 11 August 2017, by section 26 of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (2017 No 35).