AML/CFTR 5.1.8 Obligation not to destroy records relating to customer under investigation etc
(1) This rule applies if:
(a) a firm makes a suspicious transaction report to the FIU in relation to an applicant for business or a customer; or
(b) the firm knows that an applicant for business or customer is under investigation by a law enforcement agency in relation to money laundering or terrorism financing.
(2) The firm must not destroy any records relating to the applicant for business or customer without consulting with the FIU.
|Derived by QFCRA RM/2019-8 (as from 1st February 2020)|