Singapore legislation
Section 18
Section 18
Keeping of records
(1)
A regulated dealer must keep the following documents and information for the prescribed period:
a record of every designated transaction (whether or not completed) and every other transaction for which the customer due diligence measures mentioned in section 16 must be performed, containing the prescribed information on that transaction;
a record of all information relating to a customer which is obtained through the customer due diligence measures performed under section 16;
a copy of each supporting document relied on in support of any information referred to in paragraph (b);
any other document and information that may be prescribed.
(2)
For the purposes of subsection (1), different periods may be prescribed for different regulated dealers or classes of regulated dealers, different types of designated transactions or different documents and information.
(3)
A regulated dealer must keep the documents and information mentioned in subsection (1) in the form prescribed.
(4)
A regulated dealer must make the documents and information mentioned in subsection (1) available upon request to the Registrar in the manner prescribed.
(5)
A regulated dealer who contravenes subsection (1), (3) or (4) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.