Pawnbrokers Act 2015 · 2020 Revised Edition · Part 5 · Prevention of Money Laundering, Terrorism Financing and Financing of Proliferation of Weapons of Mass Destruction
76. Record-keeping
Feedback & supportA pawnbroker must keep all documents and information (including any analysis performed) relating to a person that the pawnbroker obtained as a result of performing the measures specified in the Third Schedule, for a period of 5 years after the latest of the following dates (so far as they are applicable):
pawnbroker
“pawnbroker” means a person who carries on a business of lending money on the security of pledges;
the date on which the person offered to pawn goods to the pawnbroker;
the date on which the person redeemed a pledge from the pawnbroker;
the date on which the pawnbroker forfeited a pledge made by the person;
the date on which the pawnbroker ended any transaction or relationship with the person;
the date of occurrence of any other prescribed matter relating to this Part.
A pawnbroker must keep the documents and information required to be kept under subsection (1) in the prescribed form.
A pawnbroker must make the documents and information required to be kept under subsection (1) available upon request to the Registrar and any other prescribed authority.
Registrar
“Registrar” means the Registrar of Pawnbrokers appointed under section 5, and includes any Deputy Registrar of Pawnbrokers or Assistant Registrar of Pawnbrokers exercising the functions of the Registrar;
A pawnbroker that contravenes subsection (1), (2) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.
This section is in addition to the pawnbroker’s statutory duty under section 23.