Part 7

Money Laundering

Disclosures

Voluntary disclosures within the regulated sector
339ZB
1
A person (A) may disclose information to one or more other persons if conditions 1 to 4 are met.
2
Condition 1 is that—
a
A is carrying on a business in the regulated sector as a relevant undertaking,
b
the information on which the disclosure is based came to A in the course of carrying on that business, and
c
the person to whom the information is to be disclosed (or each of them, where the disclosure is to more than one person) is also carrying on a business in the regulated sector as a relevant undertaking (whether or not of the same kind as A).
3
Condition 2 is that—
a
an
NCA
authorised officer has requested A to make the disclosure, or
b
the person to whom the information is to be disclosed (or at least one of them, where the disclosure is to more than one person) has requested A to do so.
4
Condition 3 is that, before A makes the disclosure, the required notification has been made to an
NCA
authorised officer (see section 339ZC(3) to (5)).
5
Condition 4 is that A is satisfied that the disclosure of the information will or may assist in determining any matter in connection with a suspicion that a person is engaged in money laundering.
6
A person may disclose information to A for the purposes of making a disclosure request if, and to the extent that, the person has reason to believe that A has in A's possession information that will or may assist in determining any matter in connection with a suspicion that a person is engaged in money laundering.
Ss. 339ZB-339ZG inserted (27.4.2017 for specified purposes, 31.10.2017 for specified purposes) by Criminal Finances Act 2017 (c. 22), ss. 11, 58(1)(6); S.I. 2017/991, reg. 2(b); S.I. 2017/1028, reg. 2(a)
Pt. 7 applied (24.2.2003) by Proceeds of Crime Act 2002 (Crown Servants) Regulations 2003 (S.I. 2003/173), regs. 1, 3