Part 7

Money Laundering

Offences

Failure to disclose: other nominated officers
332
1
A person nominated to receive disclosures under section 337 or 338 commits an offence if the conditions in subsections (2) to (4) are satisfied.
2
The first condition is that he knows or suspects that another person is engaged in money laundering.
3
The second condition is that the information or other matter on which his knowledge or suspicion is based came to him in consequence of a disclosure made under the applicable section.
3A
The third condition is—
a
that he knows the identity of the other person mentioned in subsection (2), or the whereabouts of any of the laundered property, in consequence of a disclosure made under the applicable section,
b
that that other person, or the whereabouts of any of the laundered property, can be identified from the information or other matter mentioned in subsection (3), or
c
that he believes, or it is reasonable to expect him to believe, that the information or other matter will or may assist in identifying that other person or the whereabouts of any of the laundered property.
4
The fourth condition is that he does not make the required disclosure to a person authorised for the purposes of this Part by
the Director General of the National Crime Agency
as soon as is practicable after the information or other matter mentioned in subsection (3) comes to him.
5
The required disclosure is a disclosure of—
a
the identity of the other person mentioned in subsection (2), if disclosed to him under the applicable section,
b
the whereabouts of the laundered property, so far as disclosed to him under the applicable section, and
c
the information or other matter mentioned in subsection (3).
5A
The laundered property is the property forming the subject-matter of the money laundering that he knows or suspects that other person to be engaged in.
5B
The applicable section is section 337 or, as the case may be, section 338.
6
But he does not commit an offence under this section if he has a reasonable excuse for not making the required disclosure.
7
Nor does a person commit an offence under this section if—
a
he knows, or believes on reasonable grounds, that the money laundering is occurring in a particular country or territory outside the United Kingdom, and
b
the money laundering—
i
is not unlawful under the criminal law applying in that country or territory, and
ii
is not of a description prescribed in an order made by the Secretary of State.
Words in s. 332(4) substituted (7.10.2013) by Crime and Courts Act 2013 (c. 22), s. 61(2), Sch. 8 para. 131; S.I. 2013/1682, art. 3(v)
S. 332 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)
S. 332(7) inserted (15.5.2006) by Serious Organised Crime and Police Act 2005 (c. 15), ss. 102(7), 178(8); S.I. 2006/1085, art. 3
Words in s. 332(3) substituted (1.7.2005) by Serious Organised Crime and Police Act 2005 (c. 15), ss. 104(5), 178(8); S.I. 2005/1521, art. 3(1)(c)
Pt. 7 applied (24.2.2003) by Proceeds of Crime Act 2002 (Crown Servants) Regulations 2003 (S.I. 2003/173), regs. 1, 3
S. 332(3A)-(6) substituted for s. 332(4)-(6) (1.7.2005) by Serious Organised Crime and Police Act 2005 (c. 15), ss. 104(6), 178(8); S.I. 2005/1521, art. 3(1)(c) (with art. 3(4))