AML/CTF Act 2006 (Australia)
Parts 11 to 15: Tipping off, offences, external audit and enforcement – AML/CTF Act 2006 (Australia)

AML/CTF Act 2006 (Australia) 139: Do not provide services under a false customer name or on an anonymous basis

A reporting entity commits an offence (2 years or 120 penalty units) if it commences to provide a designated service to which Part 2 Divisions 2, 3 or 4 apply using a false customer name (one the customer is not commonly known by, unless use of the name is justified or excused by law) or on the basis of customer anonymity. The exemption applies where a keep open notice is in force and complying would alert the customer to an investigation (s 39A).

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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