Part 7

Money Laundering

Offences

Other permitted disclosures between institutions etc
333C
1
This section applies to a disclosure—
a
by a credit institution to another credit institution,
b
by a financial institution to another financial institution,
c
by a professional legal adviser to another professional legal adviser, or
d
by a relevant professional adviser of a particular kind to another relevant professional adviser of the same kind.
2
A person does not commit an offence under section 333A in respect of a disclosure to which this section applies if—
a
the disclosure relates to—
i
a client or former client of the institution or adviser making the disclosure and the institution or adviser to whom it is made,
ii
a transaction involving them both, or
iii
the provision of a service involving them both;
b
the disclosure is for the purpose only of preventing an offence under this Part of this Act;
c
the institution or adviser to whom the disclosure is made is situated in
the United Kingdom or an EEA state
or in a country or territory imposing equivalent money laundering requirements; and
d
the institution or adviser making the disclosure and the institution or adviser to whom it is made are subject to equivalent duties of professional confidentiality and the protection of personal data
(within the meaning of Parts 5 to 7 of the Data Protection Act 2018 (see section 3(2) and (14) of that Act))
.
Words in s. 333C(2)(d) substituted (25.5.2018) by Data Protection Act 2018 (c. 12), s. 212(1), Sch. 19 para. 80 (with ss. 117, 209, 210); S.I. 2018/625, reg. 2(1)(g)
Ss. 333A-333E inserted (26.12.2007) by Terrorism Act 2000 and Proceeds of Crime Act 2002 (Amendment) Regulations 2007 (S.I. 2007/3398), reg. 1(2), Sch. 2 para. 4
Words in s. 333C(2)(c) substituted (31.12.2020) by The Law Enforcement and Security (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/742), regs. 1, 107(7); 2020 c. 1, Sch. 5 para. 1(1)
Pt. 7 applied (24.2.2003) by Proceeds of Crime Act 2002 (Crown Servants) Regulations 2003 (S.I. 2003/173), regs. 1, 3