12(1)A direction may require a relevant person to provide such information and documents as may be specified in the direction relating to transactions and business relationships with designated persons.E+W+S+N.I.
(2)A direction imposing such a requirement must specify how the direction is to be complied with, including—
(a)the person to whom the information and documents are to be provided, and
(b)the period within which, or intervals at which, information and documents are to be provided.
(3)The power conferred by this paragraph is not exercisable in relation to information or documents in respect of which a claim to legal professional privilege (in Scotland, to confidentiality of communications) could be maintained in legal proceedings.
(4)The exercise of the power conferred by this paragraph and the provision of information under it is not otherwise subject to any restriction on the disclosure of information, whether imposed by statute or otherwise.