Regulations Governing Anti-Money Laundering and Countering Terrorism Financing of Financial Technology Innovative Experimentation Article 11

An applicant shall keep records on participant due diligence process, as well as dealings and transactions with participants in hard copy or electronical form and in accordance with the following provisions:1.An applicant 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.An applicant shall keep all records obtained through DD measures, including documents, files, business dealing information and 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 an applicant must be sufficient to reconstruct individual transactions so as to provide, if necessary, evidence of criminal activity.4.An applicant shall ensure that transaction records and DD information will be swiftly made available to the competent authorities when such requests are made with appropriate authority.