(1) An accountable institution that establishes a business relationship with a person shall keep records of

(a) the identity of the person or the agent of the person;

(b) transaction made through the accountable institution, and

(c) suspicious transactions reports made to the Centre.

(2) For the purposes of this Act records maybe kept on a computer system or an electronic device capable of being used to store information.

(3) This section applies to each single transaction with an accountable institution.