Where laws, administrative regulations and other rules require a longer retention period for customer identity data and transaction records, such provisions shall prevail.
Legal basis: Measures for the Administration of Customer Identification, Customer Identity Data and Transaction Records of Financial Institutions Article 29 Financial institutions shall keep customer identity data and transaction records according to the following time limits: (1) Customer identity data shall be kept for at least five years from the year when the business relationship ends or the one-time transaction is recorded. (2) The transaction records shall be kept for at least five years from the year when the transaction is recorded.