Record Keeping

Financial entities must keep the following records:

  • Large cash transaction reports.
  • Signature cards.
  • Client corporate records.
  • Account holder information.
  • Account operating agreements.
  • Deposit slips.
  • Debit and credit memos.
  • Account statements.
  • Cleared cheques drawn on or deposited to an account.
  • Client credit files.
  • Foreign currency exchange transaction tickets.
  • Trust deed and settlor’s identification.
  • Credit card account records.
  • Suspicious transaction reports.
  • Records for the sale of traveller’s cheques, money orders or other similar negotiable instruments of $3,000 or more.
  • Records for money orders redeemed for $3,000 or more.
  • Funds transfers client records.
  • Beneficial ownership records.
  • Correspondent banking relationship records.