CTHIn ForceAct
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
108Customer‑provided transaction documents to be retained
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#### 108 Customer‑provided transaction documents to be retained
Scope
(1) This section applies if:
(a) a document relating to the provision, or prospective provision, of a designated service by a reporting entity is given to the reporting entity by or on behalf of the customer concerned; and
(b) the reporting entity commences, or has commenced, to provide the service to the customer.
(2) The reporting entity must retain:
(a) the document; or
(b) a copy of the document;
for 7 years after the giving of the document.
Civil penalty
(3) Subsection (2) is a civil penalty provision.