ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 141 Customer commonly known by 2 or more different names--disclosure to reporting entity

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 141

  (1)   A person commits an offence if:

  (a)   the person commences to receive a designated service provided by a reporting entity; and

  (b)   the person is commonly known by 2 or more different names; and

  (c)   the person commences to receive the designated service using one of those names; and

  (d)   the person has not previously disclosed the other name or names to the reporting entity; and

  (e)   at least one provision of Division   2, 3 or 4 of Part   2 applies to the provision of the designated service.

Penalty:   Imprisonment for 2 years or 120 penalty units, or both.

  (2)   Strict liability applies to the paragraph   (1)(e) element of the offence.

Note:   For strict liability , see section   6.1 of the Criminal Code .