Record Keeping
Financial entities must keep the following records:
- Large cash transaction reports.
- Signature cards.
- Client corporate records.
- Account holder information.
- Account operating agreements.
- Deposit slips.
- Debit and credit memos.
- Account statements.
- Cleared cheques drawn on or deposited to an account.
- Client credit files.
- Foreign currency exchange transaction tickets.
- Trust deed and settlor’s identification.
- Credit card account records.
- Suspicious transaction reports.
- Records for the sale of traveller’s cheques, money orders or other similar negotiable instruments of $3,000 or more.
- Records for money orders redeemed for $3,000 or more.
- Funds transfers client records.
- Beneficial ownership records.
- Correspondent banking relationship records.