| (1) | A financial company, etc. shall retain the following data and information related to the fulfillment of duties under Articles 4, 4-2, 5-2, and 5-3 (hereafter in this Article referred to as “fulfillment of duties”) for five years from the time relationship involving a financial transaction, etc. is terminated: <Amended on Mar. 24, 2020> |
| 1. | The following data related to the reporting under Articles 4 and 4-2: |
| (a) | Data that can identify the real name of the other party to a financial transaction, etc.; |
| (b) | Data on a financial transaction, etc. subject to reporting; |
| (c) | Data filed by the financial company, etc. stating the reasonable grounds for suspicion under Article 4 (3); |
| 2. | Data related to the verification of customer identity under the subparagraphs of Article 5-2 (1); |
| 3. | Information on a remitter and a remittee under the subparagraphs of Article 5-3 (1); |
| 4. | Other data determined and publicly notified by the Commissioner of the Korea Financial Intelligence Unit in relation to the fulfillment of duties. |
| (2) | “Time relationship involving a financial transaction, etc. is terminated” in the provisions, with the exception of the subparagraphs, of paragraph (1) shall be the following dates: <Amended on Mar. 24, 2020> |
| 1. | In the case of subparagraph 2 (a) of Article 2, the date all obligations between a financial company, etc. and a customer are terminated; |
| 2. | In the case of any transaction made in a derivatives market referred to in subparagraph 2 (b) of Article 2, the date the transaction is terminated due to the occurrence of an event triggering termination: Provided, That when the customer’s account is opened, it shall be deemed the date the account is closed; |
| 3. | In the case of subparagraph 2 (c) of Article 2, the date all obligations in casino between a casino business operator and a customer are terminated; |
| 4. | In the case of subparagraph 2 (d) of Article 2, the date all claims and obligations arising from virtual asset transactions between a virtual asset service provider and a customer are settled; |
| 5. | In the case of other financial transactions, etc., the date prescribed by Presidential Decree. |
| (3) | Methods and places for retention under paragraph (1) and other necessary matters shall be prescribed by Presidential Decree. |
[This Article Added on Jan. 15, 2019]
[Title Amended on Mar. 24, 2020]