Record-retention requirement for money changers revised to shorter statutory period under PMLA amendment, affecting KYC and AML obligations. Authorised Persons engaged in money-changing activities and subject to KYC/AML/CFT obligations must maintain and preserve the required customer and transaction records for at least five years, replacing the prior ten-year requirement; this change follows the amendment to the Prevention of Money Laundering Act and is issued under the Foreign Exchange Management Act and the Prevention of Money Laundering Act, without prejudice to permissions or approvals under other laws.