Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 s 43

s 43 Retention of records by financial institutions

43.—(1) A financial institution must retain, or retain a copy of, each financial transaction document for the minimum retention period applicable to the document. (2) A financial institution required to retain documents under this section must retain and store them in a manner that makes retrieval of the documents reasonably practicable. (3) A financial institution that contravenes subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000. (4) This section does not limit any other obligation of a financial institution to retain documents.[37