Article 22 Refusal to open an account

if the information and documents provided are incomplete, out-of-date or otherwise inaccurate or false;

if the prospective account holder, or, if it is a legal person, any of the directors of the prospective account holder, is under investigation or has been convicted in the preceding five years for fraud involving allowances or Kyoto units, money laundering, terrorist financing or other serious crimes for which the account may be an instrument;

if the national administrator has reasonable grounds to believe that the accounts may be used for fraud involving F3... Kyoto units, money laundering, terrorist financing or other serious crimes;

if the national administrator is not satisfied that the proposed account holder is a fit and proper person to hold such an account.