All provisions · AML/CFT Act (Cap. 251) · Part Vi: Preventive measures
45A Retention of records
Where technical limitations prevent the required originator or beneficiary information accompanying a cross-border wire transfer from remaining with a related domestic wire transfer, the intermediary financial institution shall be required to keep a record of all the information received from the ordering
financial institution or another intermediary financial institution for at least 7 years, as required under section 47. (Inserted by Act 7 of 2021)
financial institution or another intermediary financial institution for at least 7 years, as required under section 47. (Inserted by Act 7 of 2021)
Official source: Anti-Money Laundering and Countering the Financing of Terrorism Act (Cap. 251), Act 5 of 2020, Revised Edition as at 17 January 2025 (Acts 5 of 2020, 7 of 2021, 8 of 2021, 62 of 2021, 9 of 2022, 12 of 2024, S.I. 145 of 2020)
