According to the Measures for the Administration of Customer Identification and Preservation of Customer Identity Data and Transaction Records of Financial Institutions:

Article 29? Financial institutions shall keep customer identity information and transaction records according to the following time limits:

(1) Customer identity information shall be kept for at least 5 years from the year when the business relationship ends or the year when the one-time transaction is recorded.

(2) The transaction records shall be kept for at least 5 years from the year when the transaction is recorded.

If the customer identity information and transaction records are related to suspicious transactions in the anti-money laundering investigation, and the anti-money laundering investigation has not been completed at the expiration of the minimum retention period specified in the preceding paragraph, the financial institution shall keep them until the anti-money laundering investigation is completed.

If there are customer identity data or transaction records with different retention periods on the same medium, they shall be kept for the longest period. If the same customer identity data or transaction records are stored in different media, the customer identity data or transaction records in 1 media shall be stored at least according to the above time limit.

Where laws, administrative regulations and other rules require a longer retention period for customer identity data and transaction records, such provisions shall prevail.

Extended data:

According to the Measures for the Administration of Customer Identification and Preservation of Customer Identity Data and Transaction Records of Financial Institutions:

Article 27? The customer identity information that financial institutions should keep includes customer identity information and materials, as well as various records and materials reflecting the customer identity identification work carried out by financial institutions.

The transaction records that financial institutions should keep include data information, business vouchers and account books of each transaction, as well as contracts, business vouchers, documents, business letters and other materials that reflect the real situation of the transaction as required by relevant regulations.

Article 28? Financial institutions shall take necessary management measures and technical measures to prevent the loss or damage of customer identity information and transaction records, and prevent the disclosure of customer identity information and transaction information.

Financial institutions should take practical measures to keep customer identity information and transaction records, so as to facilitate anti-money laundering investigation, supervision and management.

Article 19 During the business relationship with customers, financial institutions should take continuous customer identification measures, pay attention to customers and their daily business activities and financial transactions, and prompt customers to update information in time.

For high-risk customers or high-risk account holders, financial institutions should know their sources of funds, uses of funds, economic conditions or operating conditions, and strengthen the monitoring and analysis of their financial transactions. If the customer is a foreign politician, financial institutions should take reasonable measures to understand the source and use of their funds.

If the identity certificate or identity certificate previously submitted by the customer has expired, and the customer fails to update it within a reasonable period of time without giving a reasonable reason, the financial institution shall stop handling business for the customer.

Article 20? Financial institutions should confirm the existence of agency relationship in a reasonable way. In accordance with the relevant requirements of these Measures, when taking customer identification measures against the client, the valid identity certificate or identity certificate of the agent shall be examined, and the name, contact information, type and number of the identity certificate or identity certificate of the agent shall be registered.

Article 21? If a financial institution other than a trust company knows or should know that the client's funds or property belong to trust property, it shall ascertain the identities of the parties to the trust relationship and register the names and contact information of the trustor and beneficiary.

Article 22? In the following cases, financial institutions should re-identify customers:

(1) The customer requests to change its name, identity document or type, identity document number, registered capital, business scope, legal representative or person in charge.

(2) Abnormal customer behavior or transaction.

(3) The customer's name is the same as that of a criminal suspect, money launderer or terrorist financier who is required by relevant departments, institutions and judicial organs in the State Council to investigate or pay attention to according to law.

(4) The customer is suspected of money laundering or terrorist financing activities.

(5) The customer information obtained by the financial institution is inconsistent or contradictory with the relevant information previously mastered.

(6) Have doubts about the authenticity, validity and integrity of the customer identity information obtained before.

(7) Other circumstances in which the financial institution considers that the customer's identity should be re-identified.

Baidu Encyclopedia-Customer Identification of Financial Institutions and Preservation of Customer Identity Data and Transaction Records