Keeping records of customer due diligence data

Customer identification and customer due diligence data must be documented and stored in accordance with chapter 3 3 § and chapter 4 3 § of the Act on Preventing and Clearing Money Laundering and Terrorist Financing.

Any information obtained for the purpose of fulfilling the obligation to obtain information and the reporting obligation must be kept separate from customer data. The customer has no right to inspect this information.

The period of storage of customer due diligence data and related documentation is five years from termination of the customer relationship or carrying out a single business transaction. If a customer has been identified without his/her being physically present, records must also be kept of the methods or sources used for verification purposes.




5 July 2017

Financial Supervisory Authority - Snellmaninkatu 6, P.O. Box 103, 00101 Helsinki - Tel. +358 9 183 51   kirjaamo(at)  |  Disclaimer  |  About the site  
The Bank of Finland, it-tuki(at), is responsible for the technical functioning of the website.