31 C.F.R. §1010.430 - Nature of records and retention period
| Cite as | 31 C.F.R. §1010.430 |
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1 cases
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Kuceba v. Kuceba, 2-17-0622
...bank did not have the records, as federal regulations require banks to retain records for five years. See 31 C.F.R. § 1010.410 (2016); 31 C.F.R. § 1010.430 (2016).Page 20 ¶ 55 Arthur recognizes that it was the trial court's role, as the trier of fact, to make credibility determinations. See......
4 firm's commentaries
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Financial Crimes Enforcement Network: Anti-Money Laundering Program And Suspicious Activity Report Filing Requirements For Registered Investment Advisers
...institution. 13 See 31 CFR 1020.410(a) and 1010.410(f). Financial institutions are also required to retain records for five years. See 31 CFR 1010.430(d). 14 Under the SEC No-Action letter re-issued in consultation with FinCEN on January 9, 2015, a broker-dealer in securities is permitted t......
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Financial Crimes Enforcement Network: Anti-Money Laundering Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers
...institution. 13 See 31 CFR 1020.410(a) and 1010.410(f). Financial institutions are also required to retain records for five years. See 31 CFR 1010.430(d). 6 Some investment advisers have already implemented AML programs voluntarily, in some cases in order to take advantage of a SEC No-Actio......
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The FFIEC Updates the BSA/AML Examination Manual
...it. If a bank does retain copies of identifying documents, it must be done in accordance with the record keeping requirements of 31 C.F.R. § 1010.430, “Nature of Records and Retention Period.” The Manual warns against improperly using any document which contains a picture of an individual, ......
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The FFIEC Updates the BSA/AML Examination Manual
...it. If a bank does retain copies of identifying documents, it must be done in accordance with the record keeping requirements of 31 C.F.R. § 1010.430, “Nature of Records and Retention Period.” The Manual warns against improperly using any document which contains a picture of an individual, ......