Each accountable institution shall make internal rules related to record keeping  to

(a) provide for the necessary systems, processes and working methods to ensure that the relevant staff members of the accountable institution obtain the information of which record shall be kept on each occasion when a business relationship is established or a transaction is concluded with the accountable institution;

(b) provide for the responsibility of the management of the accountable institution in respect of compliance with the Act, these Regulations and the internal rules;

(c) allocate responsibilities and accountability to ensure that staff duties related to the establishment and verification of identities are complied with;

(d) provide for disciplinary steps against the relevant staff members for non-compliance with the Act, these Regulations and the internal rules;

(e) provide for the necessary systems, processes and working methods to ensure that the accuracy and integrity of those records are maintained for the entire period for which the records are to be kept;

(f) provide for the necessary processes and working methods to ensure that access that may be required or authorised under the Act by the relevant staff members to those records can be obtained without hindrance; and

(g) take into account any guidelines related to the keeping of records which may apply to that accountable institution.