2
1
Section 330 of the Proceeds of Crime Act 20022 (failure to disclose: regulated sector) is amended as follows.
2
In subsections (6)(b), (9A)(a) and (10) after “professional legal adviser” there is inserted “or other relevant professional adviser”.
3
In subsection (6)(c) after “subsection (7)” there is inserted “or (7B)”.
4
After subsection (7A)3 there is inserted—
7B
This subsection applies to a person if—
a
he is employed by, or is in partnership with, a professional legal adviser or a relevant professional adviser to provide the adviser with assistance or support,
b
the information or other matter mentioned in subsection (3) comes to the person in connection with the provision of such assistance or support, and
c
the information or other matter came to the adviser in privileged circumstances.
5
After subsection (13) there is inserted—
14
A relevant professional adviser is an accountant, auditor or tax adviser who is a member of a professional body which is established for accountants, auditors or tax advisers (as the case may be) and which makes provision for—
a
testing the competence of those seeking admission to membership of such a body as a condition for such admission; and
b
imposing and maintaining professional and ethical standards for its members, as well as imposing sanctions for non-compliance with those standards .