•   The AML/CTF Rules may provide that a reporting entity must make a record of a designated service. The reporting entity must retain the record for 7 years.

•   If a customer of a reporting entity gives the reporting entity a document relating to the provision of a designated service, the reporting entity must retain the document for 7 years.

•   A reporting entity must retain records relating to:

  (a)   applicable customer identification procedures it carries out or that it is taken to have carried out; and

  (b)   assessments it carries out of agreements or arrangements it has entered into relating to its reliance on applicable customer identification procedures, or other procedures, carried out by another person.

•   A reporting entity must retain a copy of its anti - money laundering and counter - terrorism financing program.