(1)An employee, officer or partner of an undertaking does not commit an offence under section 21D if the disclosure is to an employee, officer or partner of the same undertaking.
(2)A person does not commit an offence under section 21D in respect of a disclosure by a credit institution or a financial institution if—
(a)the disclosure is to a credit institution or a financial institution,
(b)the institution to whom the disclosure is made is situated in an EEA State or in a country or territory imposing equivalent money laundering requirements, and
(c)both the institution making the disclosure and the institution to whom it is made belong to the same group.
(3)In subsection (2) “group” has the same meaning as in Directive 2002/87/EC of the European Parliament and of the Council of 16th December 2002 F2 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate.
(4)A professional legal adviser or a relevant professional adviser does not commit an offence under section 21D if—
(a)the disclosure is to a professional legal adviser or a relevant professional adviser,
(b)both the person making the disclosure and the person to whom it is made carry on business in an EEA state or in a country or territory imposing equivalent money laundering requirements, and
(c)those persons perform their professional activities within different undertakings that share common ownership, management or control.]
Textual Amendments
F1Ss. 21C-21H inserted (26.12.2007) by The Terrorism Act 2000 and Proceeds of Crime Act 2002 (Amendment) Regulations 2007 (S.I. 2007/3398), reg. 2, Sch. 1 para. 5
F2OJ L 35, 11.2.2003, p.1.