I found this when I was looking for some information:
http://www.informationshield.com/papers/Records%20Retention%20and%20Secu
rity%20Regulations.pdf

"Internal Revenue Code Title 26
Title 26 carries a penalty of up to $500,000 and three years in prison
for destroying
records. Records must be retained based on the type of organization; but
in general, keeping records for at least seven years to address this
code is considered a good business practice."

While the information is old (2002), I find it very interesting that an
individual who specializes in privacy would be providing advice on
records retention, and bad advice at that.

It just goes to show how big of hole we have to fill in.

Bill Roach,  CRM
Manager, Corporate Records
MoneyGram International
1550 Utica Ave. So.
Minneapolis, MN 55416
Direct: 952-591-3325
Fax: 952-591-3333


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