Part 7

Money Laundering

Disclosures

Limitations on application of section 339ZD(2) and (3)
339ZE
1
Subsections (2) and (3) apply in a case where the required notification is made by A (notification made as a result of disclosure request received from
NCA
authorised officer).
2
Section 339ZD(2) has effect in the case of A, B or C only so far as relating to—
a
the suspicion in connection with which the required notification is made, and
b
matters known, suspected or believed as a result of the making of the disclosure request concerned.
3
Accordingly, section 339ZD(2) does not remove any requirement to make the required disclosure in relation to anything known, suspected or believed that does not result only from the making of the disclosure request.
4
Subsections (5) to (7) apply in a case where the required notification is made by B (notification made as a result of disclosure request received from another undertaking in the regulated sector).
5
Section 339ZD(2) has effect in the case of A or C only so far as relating to—
a
the suspicion in connection with which the notification by B is made, and
b
matters known, suspected or believed by A or C as a result of the making of that notification.
6
Accordingly, section 339ZD(2) does not remove any requirement to make the required disclosure in relation to anything known, suspected or believed that does not result only from the making of the notification.
7
Section 339ZD(2) has effect in the case of B only so far as relating to—
a
the suspicion in connection with which the notification is made, and
b
matters known, suspected or believed by B at the time of the making of the notification.
8
If a joint disclosure report is not made before the end of the applicable period (whether the required notification was made by A or B), section 339ZD(2)—
a
has effect only so far as relating to any requirement to make the required disclosure that would have otherwise arisen within that period, and
b
does not remove a requirement to make the required disclosure so far as arising after the end of that period on the part of any person in respect of matters that may become known, suspected or believed by the person after the time when the required notification was made.
9
If a joint disclosure report is not made before the end of the applicable period, the person who made the required notification must notify an
NCA
authorised officer that a report is not being made as soon as reasonably practicable after the period ends.
10
Section 339ZD(3) has effect only so far as relating to—
a
the suspicion in connection with which the report is made, and
b
matters known, suspected or believed at the time of the making of the report.
11
Terms used in this section have the same meanings as in section 339ZD.
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