A Georgia licensee keeps its anti-money laundering records on a schedule of its own choosing in 2026. Must the anti-money-laundering records also comply with the state records requirements?
Correct Answer
D) Deficient: those records follow the Georgia books and records chapter
Records required to be maintained under the federal compliance rule must be maintained in accordance with Rule Chapter 80-11-2, which is the Georgia books and records chapter with its five-year periods and location requirements. Other choices: the Georgia rule points expressly at its own chapter; producing on request is not a retention schedule; and the period is the one the chapter sets rather than 10 years. Source: Ga. Comp. R. & Regs. 80-11-1-.06(3)
Why This Is the Correct Answer
Records required to be maintained under the federal compliance rule must be maintained in accordance with Rule Chapter 80-11-2, which is the Georgia books and records chapter with its five-year periods and location requirements. Other choices: the Georgia rule points expressly at its own chapter; producing on request is not a retention schedule; and the period is the one the chapter sets rather than 10 years. Source: Ga. Comp. R. & Regs. 80-11-1-.06(3)
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