Section 167Part 6 — Forfeiture of Cash and Property
Meaning of customer information
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“ Customer information ”, in relation to a person and a financial institution, is inf ormation whether the person holds, or has held, an account or accounts at the financial institution whether solely or jointly with another and information as to — ( a ) the matters specified in subsection
if the person is an individual; and ( b ) the matte rs specified in subsection
if the person is a company or limited liability partnership or a similar body incorporated or otherwise established outside the Islands. ( 2 ) The matters referred to in subsection (1)
are — ( a ) the account number or numbers;
the person ’ s full name;
the person’s date of birth;
the person’s most recent address and any previous addresses;
the date or dates on which that person began to hold the account or accounts and, if that person has ceased to hold the account or any of the accounts, the date or dates on which that person did so;
such evidence of that person’s identity as was obtained by the financial institution under or for the purposes of any legislation relating to proceeds of crime;
the full name, date of birth and most recent address, and any previous addresses, of any person who holds, or has held, an account at the financial institution jointly with that person ; and
the account number or numbers of any other account or accounts hel d at the financial institution to which that person is a signatory and details of the person holding the other account or accounts. ( 3 ) The matters referred to in subsection (1)(b) are — ( a ) the account number or numbers; ( b ) the person ’ s full name; ( c ) a description of any business which the person carries on; ( d ) the country or territory in which the person is incorporated or otherwise established and any number assigned to it under section 26 of the Companies Act (2025 Revision) or corresponding legislat ion of any country or territory outside the Islands; ( e ) the person ’ s registered office, and any previous registered offices, under the Companies Act (2025 Revision) or anything similar under corresponding legislation of any country or territory outside the Islands; ( f ) the person ’ s registered office, and any previous registered offices, under the Partnership Act (2025 Revision) or anything similar under corresponding legislation of any country or territory outside the Islands; ( g ) the date or dates on which the person began to hold the account or accounts and, if it has ceased to hold the account or any of the accounts, the date or dates on which it did so; ( h ) such e vidence of the person ’ s identity as was obtained by the financial institution under or for the purposes of any legislation relating to the proceeds of crime; and
the full name, date of birth and most recent address and any previous addresses of any per son who is a signatory to the account or any of the accounts.
The Cabinet may by order provide for information of a description specified in the order to be customer information or no longer to be customer information.
“ Money laundering ” is an act which —
constitutes an offence under section 133 , 134 o r 135 of this Act or any other offence similar or connected to the offences referred to in this paragraph; or
would constitute an offence specified or a type referred to in paragraph (a) if done in the Islands.
Cross References
- Section 26 of Companies Act
Reference to Companies Act