Retain alerts, cases, referrals, and calibration records five years

Transaction Monitoring policy, §9

Every alert with its resolution, every investigation case file, every referral package, the sponsor bank’s response or filing confirmation for each referral, the monitoring log, and every calibration memo and rule change approval are retained for at least five years, in a form the Company can produce for sponsor bank testing and regulatory examination.

Continuous

Five years from each record’s creation, or the bank’s determination for a referral

File each record class under the retention schedule, key each retention date to the record, and be able to produce any alert, case, or referral on request.

• Retention schedule entry

  Record class, retention period, storage location, retrieval owner

• Production test

  A sample alert, case, and referral retrieved on request, with the time taken

AML Compliance Officer

Leela can hold each record with its retention date, block early disposal, and produce any file on request.

Tell Leela about your company to see whether this applies.