All provisions · AML/CFT Act (Cap. 251) · Part Vi: Preventive measures
44 Obligation to maintain accounts in true name
(1) A reporting entity that maintains accounts shall maintain them in the legal names of the account holders.
(2) A reporting entity shall not open, operate or maintain any anonymous account or any account which is in a fictitious, false or incorrect name.
(3) For the purposes of this section, the term “legal name” means the original name of the account holder.
(2) A reporting entity shall not open, operate or maintain any anonymous account or any account which is in a fictitious, false or incorrect name.
(3) For the purposes of this section, the term “legal name” means the original name of the account holder.
Official source: Anti-Money Laundering and Countering the Financing of Terrorism Act (Cap. 251), Act 5 of 2020, Revised Edition as at 17 January 2025 (Acts 5 of 2020, 7 of 2021, 8 of 2021, 62 of 2021, 9 of 2022, 12 of 2024, S.I. 145 of 2020)
