Article 11 of Anti-Money Laundering Law

Financial institutions and designated non-financial businesses and professions shall retain the following records and information, which the competent entities may access: a - Copies of all records obtained through the due diligence process in verifying transactions in accordance with the provisions of Article (5), including documents evidencing the identities of customers and beneficial owners, accounting files and business correspondence, for at least five years after the end of the business relationship or the date of execution of the transaction pursuant to item (b) of the third paragraph of Article (5). b - All records of domestic and international transactions, whether actually executed or attempted, for at least five years after the execution or attempted execution of the transaction. Such records must be sufficiently detailed to permit reconstruction of the steps of each individual transaction. c - Copies of notifications sent in accordance with the provisions of Article (12) and related documents, for at least five years after the date of submission of the notification to the Unit. d - The risk assessment under Article (4) and any prescribed information, for a period of five years from the date of its conduct or updating. The competent entities may, in specific cases, request that records be retained for a period longer than the periods stipulated in this Article. Chapter Three Obligations to Report Suspicious Transactions