f841e603cd03f51a9db3e57480687511-Delib-2014-156-Andbanc-gestion-de-la-doc-KYC.pdf

Here are the key points summarized in English:

Duration of Conservation: The duration of conservation of information is 5 years after the end of relations with clients.

Responsibilities: Organisms and persons must keep records for at least 5 years, including copies of documents used to identify and verify identity, as well as records of operations.

Information Requests: Entities must be able to respond quickly and fully to requests from the Information and Control Service on Financial Circuits (SCICF) about whether they have maintained or have maintained a business relationship with a specific individual or entity over the past 5 years.

Key Points:

1. The persons concerned are clients, mandataries, and effective economic beneficiaries.
2. The responsible person must ensure that information gathered under the "Banque de France" label is processed in accordance with applicable banking regulations in Monaco.
3. All persons concerned must be informed of their right to indirect access to their personal data.
4. A list of individuals authorized to access the processing (Article 17-1 of Law No. 1.165, modified) must be kept up-to-date and made available upon request.

The Commission authorized ANDBANC Monaco SAM to implement automated processing of nominative information for the purpose of "KYC documentation management" in accordance with anti-money laundering regulations.