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Home / Simons-Taxes /Administration and compliance /Part A7 Money laundering and tax avoidance schemes /Division A7.1 Money laundering /The Money Laundering Regulations / A7.119 Money Laundering Regulations—record-keeping
Commentary

A7.119 Money Laundering Regulations—record-keeping

Administration and compliance

Every firm carrying on relevant business is required to keep the following records:

  1. Ìý

    •ÌýÌýÌýÌý a copy of any documents and information obtained by the 'relevant person' (see A7.115) to satisfy the customer due diligence requirements under the 2017 Regulations

  2. Ìý

    •ÌýÌýÌýÌý sufficient supporting records (consisting of the original documents or copies) in respect of a transaction (whether or not the transaction is an occasional transaction) which is the subject

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