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.
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(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.
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(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.
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(4) This section does not limit any other obligation of a financial institution to retain documents.