Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions)
Ordinance
Schedule 2
A925
Part 3
Ord. No. 15 of 2011
(4) A relevant authority may, by notice in writing to a financial institution, require the financial institution to keep the records relating to a specified transaction or customer for a period specified by the relevant authority that is longer than that referred to in subsection (2) or (3), as the case requires, if—
- (a) the relevant authority is satisfied that the records are relevant to an ongoing criminal or other investigation carried out by it; or
- (b) the records are relevant to any other purposes as specified by the relevant authority in the notice.
(5) A financial institution to whom a notice is given under subsection (4) must keep the relevant records for the period specified in the notice.
21. Manner in which records are to be kept
Records required to be kept under section 20 of this Schedule must be kept in the following manner—
- (a) if the record consists of a document, either—
- (i) the original of the document must be kept; or
- (ii) a copy of the document must be kept either on microfilm or in the database of a computer; or
- (b) if the record consists of data or information, a record of the data or information must be kept either on microfilm or in the database of a computer.
