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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

AML/CFT requirements and compliance - Record keeping

52: How records to be kept

You could also call this:

"Keeping Records in Writing"

Illustration for Anti-Money Laundering and Countering Financing of Terrorism Act 2009

You must keep records in written form in the English language. You can also keep them in a way that lets you easily access and convert them into written form in English. You need to keep them as prescribed by regulations, if there are any.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2140907.

Topics:
Business > Industry rules
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51: Obligation to keep other records, or

"Keep extra records to help stop money laundering and terrorism"

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53: When records need not be kept, or

"When you don't have to keep records, like if your company is closed down."

Part 2AML/CFT requirements and compliance
Record keeping

52How records to be kept

  1. Records required by this subpart to be kept by a reporting entity must—

  2. be kept either in written form in the English language, or so as to enable the records to be readily accessible and readily convertible into written form in the English language; and
    1. be kept in the manner prescribed by regulations (if any).

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