104Simplified outline

#### 104 Simplified outline The following is a simplified outline of this Part: • The AML/CTF Rules may provide that a reporting entity must make a record of a designated service. The reporting entity must retain the record for 7 years. • If a customer of a reporting entity gives the reporting entity a document relating to the provision of a designated service, the reporting entity must retain the document for 7 years. • A reporting entity must retain records relating to: (a) customer due diligence; and (b) assessments it carries out of agreements or arrangements it has entered into relating to its reliance on the collection and verification of KYC information about a customer, or other procedures, carried out by another person. • A reporting entity must retain records relating to its AML/CTF program.