(1) A person shall not carry on business as a cheque cashing office unless the person is registered under this section.
(2) A person who contravenes subsection (1) commits an offence and is liable -
(a) on summary conviction, to a class A fine or imprisonment for a term not exceeding 12 months (or both), or
(b) on conviction on indictment, to a fine not exceeding €500,000 or imprisonment for a term not exceeding 3 years (or both).
(5) An application for registration under this section shall -
(b) specify the name of -
(i) the applicant,