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Anonymous accounts.
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58.— (1) A credit institution or financial institution shall not set up an anonymous account for, or provide an anonymous passbook to, any customer.
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(2) A credit institution or financial institution shall not keep any anonymous account, or anonymous passbook, that was in existence immediately before the commencement of this section for any customer.
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(3) A credit institution or financial institution that fails to comply with this section commits an offence and is liable—
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(a) on summary conviction, to a fine not exceeding €5,000 or imprisonment for a term not exceeding 12 months (or both), or
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(b) on conviction on indictment, to a fine or imprisonment for a term not exceeding 5 years (or both).
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