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Question

Under Section 12 of PMLA, banking companies, financial institutions, and intermediaries are required to maintain records of transactions for a period of:

A 5 years from the date of the transaction

B 7 years from the date of the transaction

C 10 years from the date of the transaction

D 15 years from the date of commencement of business

E 5 years from the date of cessation of transactions between the client and the institution

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