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  • CDD and Transaction Records

    • AML-6.1.1

      Capital Market Licensees must comply with the record-keeping requirements contained in the AML Law and in the CBB Law. Capital Market Licensees must therefore retain adequate records (including accounting and identification records), for the following minimum periods:

      (a) For customers, in relation to evidence of identity and business relationship records (such as application forms, account files and business correspondence, including the results of any analysis undertaken (e.g. enquiries to establish the background and purpose of complex, unusual large transactions)), for at least five years after the customer relationship has ceased; and
      (b) For transactions, in relation to documents enabling a reconstitution of the transaction concerned, for at least five years after the transaction was completed.
      Amended: January 2022
      Amended: July 2016
      Added: October 2010

    • AML-6.1.1A

      For the purposes of Subparagraph AML-6.1.1(b), crypto-asset licensees must maintain all records of transactions in such form or manner that individual transactions can be reconstructed swiftly and the records can associate the transactions to a natural person.

      Added: January 2020

    • AML-6.1.1B

      Crypto-asset licensees must maintain information obtained through enhanced customer due diligence (refer CRA-7.1.3 of Module CRA), including information relating to the identification of the relevant customers, the public keys (or equivalent identifiers), addresses or accounts involved (or equivalent identifiers), the nature and date of transaction and the amount transferred.

      Added: January 2020

    • AML-6.1.1C

      Crypto-asset licensees relying solely on the public information available on the blockchain or other type of distributed ledger underlying the accepted crypto-asset for record keeping in not sufficient for compliance with AML-6.1.1 and AML-6.1.1A. The information available on the blockchain or other type of distributed ledger may enable to trace transactions back to a wallet, though may not readily link the wallet address to the name of the customer and the beneficial owner. Crypto-asset licensees must ensure that additional information necessary to associate the wallet address to a natural person is maintained.

      Added: January 2020