Retention of records by financial institutions
37.—(1)  A financial institution shall retain, or retain a copy of, each financial transaction document for the minimum retention period applicable to the document.
[25/99]
(2)  A financial institution required to retain documents under this section shall retain and store them in a manner that makes retrieval of the documents reasonably practicable.
[25/99]
(3)  A financial institution that contravenes subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000.
[25/99]
(4)  This section does not limit any other obligation of a financial institution to retain documents.
[36
[25/99]