Record retention requirements mandate preserving transaction and customer identification records for statutory periods and during investigations. All necessary records of domestic and international transactions, account files, business correspondence and customer identification documents must be retained for the minimum statutory periods prescribed under the PMLA, the SEBI Act and applicable regulations, bye laws or circulars. Records related to ongoing investigations or transactions subject to suspicious transaction reporting must be retained until the case is confirmed closed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Record retention requirements mandate preserving transaction and customer identification records for statutory periods and during investigations.
All necessary records of domestic and international transactions, account files, business correspondence and customer identification documents must be retained for the minimum statutory periods prescribed under the PMLA, the SEBI Act and applicable regulations, bye laws or circulars. Records related to ongoing investigations or transactions subject to suspicious transaction reporting must be retained until the case is confirmed closed.
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