Regulations Governing Anti-money Laundering of Agricultural Financial Institutions Article 11

An agricultural financial institution shall keep records on all business relations and transactions with its customers in hard copy or electronical form and in accordance with the following provisions:1. An agricultural financial institution shall maintain all necessary records on transactions, both domestic and international, for at least five years or a longer period as otherwise required by law.2. An agricultural financial institution shall keep all the following information for at least five years or a longer period as otherwise required by law after the business relationship is ended, or after the date of the occasional transaction:A. All records obtained through CDD measures, such as copies or records of official identification documents like passports, identity cards, driving licenses or similar documents.B. Account files or contract files.C. Business correspondence, including inquiries to establish the background and purpose of complex, unusual large transactions and the results of any analysis undertaken.3. Transaction records maintained by an agricultural financial institution must be sufficient to permit reconstruction of individual transactions so as to provide, if necessary, evidence for prosecution of criminal activity.4. An agricultural financial institution shall ensure that information on transaction records and CDD information will be swiftly made available to the competent authorities when such requests are made with appropriate authority.