Section 4Sec./Art. 4

Prohibited Acts. - The following acts shall constitute Financial Account scamming under this Act:

(a) Money Muling Activities. - A person performing any of the followings acts for the purpose of obtaining, receiving, depositing, transferring, or withdrawing proceeds that are known to be derived from crimes, offenses, or social engineering schemes shall be considered as a money mule:

(1) Using, borrowing or allowing the use of a Financial Account;

(2) Opening a Financial Account under a fictitious name or using the identity or identification documents of another;

(3) Buying or renting a Financial Account;

(4) Selling or lending a Financial Account; or

(5) Recruiting, enlisting, contracting, hiring, utilizing, or inducing any person to perform the acts mentioned in items 1 to 4 of this subsection.

(b) Social Engineering Schemes. - A social engineering scheme is committed by a person who obtains sensitive identifying information of another person, through deception or fraud, resulting in unauthorized access and control over the person's Financial Account, by performing any of the following acts:

(1) Misrepresenting oneself as acting on behalf of an Institution, or making false representations to solicit another person's sensitive identifying information; or

(2) Using electronic communications to obtain another person's sensitive identifying information.

(c) Economic Sabotage. - The prohibited acts under Section 4(a) and (b) shall be considered as economic sabotage when committed under any of the following circumstances:

(1) By a group of three (3) or more persons conspiring or confederating with one another;

(2) Against three (3) or more persons individually or as a group;

(3) Using a mass mailer; or

(4) Through human trafficking.