Legal Profession Act 1966 · 2020 Revised Edition · Part 5A · Prevention of Money Laundering, Terrorism Financing and Financing of Proliferation of Weapons of Mass Destruction
70B. Prohibition against anonymous accounts
Feedback & supportLast amended by an amending law of 2014.
A legal practitioner or law practice must not open or maintain any account for or hold and receive moneys from —
legal practitioner
“legal practitioner” means any advocate and solicitor or foreign lawyer to whom this Part applies;
an anonymous source; or
a client with an obviously fictitious name.
client
“client” includes —(a)in relation to contentious business — any person who, as a principal or on behalf of another person, retains or employs, or is about to retain or employ, a solicitor, and any person who is or may be liable to pay the costs of a solicitor, law corporation or limited liability law partnership; and(b)in relation to non-contentious business —(i)any person who, as a principal or on behalf of another, or as a trustee, an executor or an administrator, or in any other capacity, has power (express or implied) to retain or employ, and retains or employs or is about to retain or employ, a solicitor, law corporation or limited liability law partnership; and(ii)any person for the time being liable to pay a solicitor, law corporation or limited liability law partnership for his, her or its services any costs;