C1Part 7Money Laundering

Annotations:
Modifications etc. (not altering text)

Disclosures

I1C1337C1 Protected disclosures

1

A disclosure which satisfies the following three conditions is not to be taken to breach any restriction on the disclosure of information (however imposed).

2

The first condition is that the information or other matter disclosed came to the person making the disclosure (the discloser) in the course of his trade, profession, business or employment.

3

The second condition is that the information or other matter—

a

causes the discloser to know or suspect, or

b

gives him reasonable grounds for knowing or suspecting,

that another person is engaged in money laundering.

4

The third condition is that the disclosure is made to a constable, a customs officer or a nominated officer as soon as is practicable after the information or other matter comes to the discloser.

F14A

Where a disclosure consists of a disclosure protected under subsection (1) and a disclosure of either or both of—

a

the identity of the other person mentioned in subsection (3), and

b

the whereabouts of property forming the subject-matter of the money laundering that the discloser knows or suspects, or has reasonable grounds for knowing or suspecting, that other person to be engaged in,

the disclosure of the thing mentioned in paragraph (a) or (b) (as well as the disclosure protected under subsection (1)) is not to be taken to breach any restriction on the disclosure of information (however imposed).

5

A disclosure to a nominated officer is a disclosure which—

a

is made to a person nominated by the discloser’s employer to receive disclosures underF2section 330 or this section, and

b

is made in the course of the discloser’s employment F3....