Criminal Asset Recovery Order, 2012 · As enacted · Chapter I
4. Opening account in false, etc name
Official textFrom Attorney General's Chambers, unchanged
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.
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.
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.
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.
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.
Chapter II
Chapter III
Part III
Cross Border Movements of Physical Currency and Bearer Negotiable Instruments
Part IV
Restraining Orders, Confiscation Orders, Benefit Recovery Orders, Non-Conviction Based Forfeiture Orders and Unexplained Wealth Declarations
Chapter IV
Chapter LI
Part VI
Part VII
Part VIII