Section 14: Every financial institution shall–

(a) keep a business transaction record of any new or unrelated business transaction exceeding twenty-five million leones for a period of five years after the termination of the business transaction so recorded; (b) report to the Authority any business transaction where the identity of the persons involved, the transaction or any other circumstances concerning that business transaction gives any officer or employee of the financial institution reasonable grounds to believe that the transaction involves the proceeds of crime; (c) comply with any instruction issued to it by the Authority under paragraph (f) of section 13; (d) permit any person authorised in that behalf by the Authority, upon request, to enter into any premises of the financial institution during normal working hours and inspect the records kept under paragraph (a) and to make any notes or take any copies of the whole or any part of any such records or to answer any questions of the Authority in relation to such records; (e) comply with the guidelines and training requirements issued or, as the case may be, provided by the Authority in accordance with paragraphs (g) and (h) of section 13; (f) develop procedures and controls to combat money-laundering and develop audit functions to evaluate such policies, procedures and control and; (g) develop a procedure to audit compliance with this section.