Section 6, The Anti-Money Laundering Act, 2005

(1) Where a business transaction involves an amountexceeding twenty-five million leones, in the aggregate in one day per customer and is conducted in conditions of unusual or unjustified complexity or appears to have no economic justification or lawful purpose, the financial institution shall seek information as to the origin and destination of the money, the purpose of the transaction and the identity of the transacting parties. (2) The financial institution shall draw up a confidential report, in writing, containing all relevant information on the modalities of the business transaction and on the identity of the principal and, where applicable, of the transacting parties. (3) The report referred to in subsection (2) shall be kept for a period of five years after the execution of the business transaction, for the purposes of any investigation under this Act relating to that business transaction. (4) Where the financial institution has reasonable grounds for believing that the business transaction referred to in subsection (l) could constitute or be related to money laundering, the financial institution shall promptly report the matter to the Authority. (5) It shall be an offence for the financial institution or any person required by it to make the report under subsection (4) or having knowledge thereof to disclose to any person other than a court of competent jurisdiction, competent authority or other person authorised by law that information has been furnished under subsection (4).