Coinbase · Coinbase Privacy Policy · View original document ↗

Data Retention for AML/KYC Legal Obligations

Medium severity Unique · 0 of 343 platforms
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This analysis describes what Coinbase's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

This provision operationalizes Coinbase's compliance obligations under anti-money laundering (AML) and know-your-customer (KYC) regulatory frameworks, which require financial institutions to maintain customer identity and transaction records for specified periods to satisfy regulatory reporting and audit requirements.

Clause Stability Stable

0
Changes
3
Months Monitored
Apr 28, 2026
First Seen
Apr 28, 2026
Last Seen
This clause type exists across 343 other provisions on other platforms.

Consumer impact (what this means for users)

The terms establish that users' identity verification information, transaction records, and financial data will be retained by Coinbase for a minimum of five years after account closure as required by law, meaning these records remain in the company's systems during this retention period regardless of account status.

How other platforms handle this

Waze Medium

We retain personal data for as long as necessary to provide our services, fulfill the purposes described in this Privacy Policy, comply with our legal obligations, resolve disputes, and enforce our agreements. The specific retention period for each category of personal data depends on the purpose fo...

Midjourney Medium

We retain your personal information for as long as necessary to fulfill the purposes outlined in this privacy policy, unless a longer retention period is required or permitted by law. We may also retain and use your information to comply with our legal obligations, resolve disputes, and enforce our ...

Spotify Medium

Please note there are situations where Spotify is unable to delete your data, for example when: it's still necessary to process the data for the purpose we collected it for; we have an overriding interest in continuing to process the data, for example where we need the data to protect our services f...

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▸ View Original Clause Language DOCUMENT RECORD
"
We retain your personal information for as long as is necessary to fulfill the purposes for which it was collected, including for legal, accounting, regulatory, or reporting requirements. We are required to retain certain records, including identity verification information, transaction records, and financial information, for a minimum of five years following the end of our relationship with you, or as otherwise required by applicable law.

— Excerpt from Coinbase's Coinbase Privacy Policy

Applicable regulations

CCPA/CPRA
California, USA
FCRA
United States Federal
GDPR
European Union
GLBA
United States Federal
Indiana Consumer Data Protection Act
US-IN
UK GDPR
United Kingdom

Provision details

Document information
Document
Coinbase Privacy Policy
Entity
Coinbase
Document last updated
May 5, 2026
Tracking information
First tracked
May 9, 2026
Last verified
May 12, 2026
Record ID
CA-P-003943
Document ID
CA-D-00048
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
9f0565aa17e055fd83bf764cba2bfd8ee0bfb4068429e611e0ecdd002d63925e
Analysis generated
May 9, 2026 21:10 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Coinbase
Document: Coinbase Privacy Policy
Record ID: CA-P-003943
Captured: 2026-05-09 21:10:12 UTC
SHA-256: 9f0565aa17e055fd…
URL: https://conductatlas.com/platform/coinbase/coinbase-privacy-policy/data-retention-for-amlkyc-legal-obligations/
Accessed: June 18, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
Medium
Categories

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Frequently Asked Questions

What does Coinbase's Data Retention for AML/KYC Legal Obligations clause do?

This provision operationalizes Coinbase's compliance obligations under anti-money laundering (AML) and know-your-customer (KYC) regulatory frameworks, which require financial institutions to maintain customer identity and transaction records for specified periods to satisfy regulatory reporting and audit requirements.

How does this clause affect you?

The terms establish that users' identity verification information, transaction records, and financial data will be retained by Coinbase for a minimum of five years after account closure as required by law, meaning these records remain in the company's systems during this retention period regardless of account status.

Is ConductAtlas affiliated with Coinbase?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Coinbase.