Regulations Governing Anti-Money Laundering of Financial Leasing Enterprises Article 11

A financial leasing enterprise 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. A financial leasing enterprise shall maintain all necessary records on domestic and international transactions for at least five years or a longer period as otherwise required by law.2. A financial leasing enterprise shall keep all records obtained through CDD measures, such as document files, business correspondence and the results of any analysis undertaken, for at least five years or a longer period as otherwise required by law after the business relationship is ended.3. Transaction records maintained by a financial leasing enterprise must be sufficient to reconstruct individual transactions so as to provide, if necessary, evidence of criminal activity.4. A financial leasing enterprise shall ensure that transaction records and CDD information will be available swiftly to the competent authorities when such requests are made with appropriate authority.