C1Part 7Money Laundering
Offences
333BF2 Disclosures within an undertaking or group etc
1
An employee, officer or partner of an undertaking does not commit an offence under section 333A if the disclosure is to an employee, officer or partner of the same undertaking.
2
A person does not commit an offence under section 333A 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 F3the United Kingdom or 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 16 th December 2002 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 333A if—
a
the disclosure is to 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 F1the United Kingdom or 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.
Pt. 7 applied (24.2.2003) by Proceeds of Crime Act 2002 (Crown Servants) Regulations 2003 (S.I. 2003/173), regs. 1, 3