Section 7E: Anonymous business relationships and transactions — Anti-Money Laundering Act, 2010

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7E. Anonymous business relationships and transactions.— No reporting entity shall enter into a business relationship or conduct any transaction with a customer who is anonymous or provides a fictitious name.

Effective date: 2010-03-27

Amendment history

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Related sections

Section 7D: Inability to complete CDD and tipping off Section 7F: Risk understanding Section 7C: Record keeping Section 7G: Compliance program Section 7B: Reliance on third parties Section 7H: Policies and procedures

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