Criminal Asset Recovery Order, 2012 · s 4

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4.
Opening account in false, etc name
(1)
No person shall open, operate or authorise the opening of the operation of an account with a person carrying on any relevant business in a false, fictitious, anonymous or incorrect name.
(2)
Where a person is commonly known by 2 or more different names, he shall not use one of those names in opening an account with a person carrying on any relevant business unless he has previously disclosed the other name or names to that person.
(3)
Where a person using a particular name in his dealings with a person carrying on any business discloses to him a different name or names by which he is commonly known, the person carrying on any relevant business shall make a record of the disclosure and shall, upon request in writing from a supervisory authority, give the supervisory authority a copy of that record.
(4)
For the purposes of this section -
(a}
a person opens an account in a false, fictitious, anonymous or incorrect name if he, in opening the account, or becoming a signatory to the account, uses a name other than a name by which he is commonly known;
(b}
a person operates an account in a false, fictitious, anonymous or incorrect name if he does any act or thing in relation to the account
(whether by way of making a deposit or withdrawal or by way of communication with a person carrying on any relevant business or otherwise) and, in doing so, uses a name other than a name by which he is commonly known; and
(c}
an account is in a false, fictitious, anonymous or incorrect name if it was opened in a false, fictitious, anonymous or incorrect name, whether before or after the commencement of this Order.
(5)
Any person who co~travenes this section is guilty of an offence and liable on conviction to a fine not exceeding $1,000,000, imprisonment for a term not exceeding one year or both.

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s 4Opening account in false, etc name

(1)

No person shall open, operate or authorise the opening of the operation of an account with a person carrying on any relevant business in a false, fictitious, anonymous or incorrect name.

(2)

Where a person is commonly known by 2 or more different names, he shall not use one of those names in opening an account with a person carrying on any relevant business unless he has previously disclosed the other name or names to that person.

(3)

Where a person using a particular name in his dealings with a person carrying on any business discloses to him a different name or names by which he is commonly known, the person carrying on any relevant business shall make a record of the disclosure and shall, upon request in writing from a supervisory authority, give the supervisory authority a copy of that record.

(4)

For the purposes of this section -

(a}

a person opens an account in a false, fictitious, anonymous or incorrect name if he, in opening the account, or becoming a signatory to the account, uses a name other than a name by which he is commonly known;

(b}

a person operates an account in a false, fictitious, anonymous or incorrect name if he does any act or thing in relation to the account

(whether by way of making a deposit or withdrawal or by way of communication with a person carrying on any relevant business or otherwise) and, in doing so, uses a name other than a name by which he is commonly known; and

(c}

an account is in a false, fictitious, anonymous or incorrect name if it was opened in a false, fictitious, anonymous or incorrect name, whether before or after the commencement of this Order.

(5)

Any person who co~travenes this section is guilty of an offence and liable on conviction to a fine not exceeding $1,000,000, imprisonment for a term not exceeding one year or both.