South African Institute for Drug Free Sport Act, 1997
R 385
Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)Chapter 3 : Control Measures for Money Laundering and Financing of Terrorist and Related Activities - Money Laundering, Financing of Terrorist and Related Activities and Financial Sanctions Control MeasuresPart 2 : Duty to keep record23. Period for which records must be kept |
An accountable institution must keep the records which relate to—
| (a) | the establishment of a business relationship referred to in section 22, for at least five years from the date on which the business relationship is terminated; |
| (b) | a transaction referred to in section 22A which is concluded, for at least five years from the date on which that transaction is concluded; and |
| (c) | a transaction or activity which gave rise to a report contemplated in section 29, for at least five years from the date on which the report was submitted to the Centre. |
[Section 23 substituted by section 13 of the Financial Intelligence Centre Amendment Act, 2017 (Act No. 1 of 2017)]
