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Federal agencies can access any financial records if the records in question are connected to a law enforcement investigation. [3] The act also gives any government department or agency the ability to request access to a customer's information. [1] The government can access financial records through six exceptions: [3] [1] Grand jury subpoena
SEC Rule 17a-4 is a regulation issued by the U.S. Securities and Exchange Commission pursuant to its regulatory authority under the US Securities Exchange Act of 1934 (Known simply as the "Exchange Act") which outlines requirements for data retention, indexing, and accessibility for companies which deal in the trade or brokering of financial securities such as stocks, bonds, and futures.
Data retention defines the policies of persistent data and records management for meeting legal and business data archival requirements. Although sometimes interchangeable, it is not to be confused with the Data Protection Act 1998. The different data retention policies weigh legal and privacy concerns economics and need-to-know concerns to ...
The Sarbanes–Oxley Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations.The act, Pub. L. Tooltip Public Law (United States) 107–204 (text), 116 Stat. 745, enacted July 30, 2002, also known as the "Public Company Accounting Reform and Investor Protection Act" (in the Senate) and "Corporate and Auditing ...
Records management, also known as records and information management, is an organizational function devoted to the management of information in an organization throughout its life cycle, from the time of creation or receipt to its eventual disposition. This includes identifying, classifying, storing, securing, retrieving, tracking and ...
The Bank Secrecy Act of 1970 (BSA), also known as the Currency and Foreign Transactions Reporting Act, is a U.S. law requiring financial institutions in the United States to assist U.S. government agencies in detecting and preventing money laundering. [1] Specifically, the act requires financial institutions to keep records of cash purchases of ...
Retention period. A retention period (associated with a retention schedule or retention program) is an aspect of records and information management (RIM) and the records life cycle that identifies the duration of time for which the information should be maintained or "retained", irrespective of format (paper, electronic, or other).
Principle of Integrity. Principle of Protection. Principle of Compliance. Principle of Availability. Principle of Retention. Principle of Disposition. The list of principles can be recalled with the help of the Mnemonic "A TIP CARD" which serves a dual purpose as it implies the principles are tips for effective recordkeeping.
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