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ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 114A

Retention of records of assessments of agreements or arrangements covered by section 37A

  (1)   If a reporting entity prepares a record under paragraph   37B(1)(c), the reporting entity must retain the record, or a copy of the record, for 7 years after the completion of the preparation of the record.

Civil penalty

  (2)   Subsection   (1) is a civil penalty provision.


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