Part 7Money Laundering

Disclosures

F1339ZGSections 339ZB to 339ZF: interpretation

(1)

This section applies for the purposes of sections 339ZB to 339ZF.

(2)

“Disclosure request” means a request made for the purposes of condition 2 in section 339ZB(3).

(3)

“NCA authorised officer” means a person authorised for the purposes of this Part by the Director General of the National Crime Agency.

(4)

“Nominated officer” means a person nominated to receive disclosures under section 330.

(5)

“Relevant undertaking” means any of the following—

(a)

a credit institution;

(b)

a financial institution;

(c)

a professional legal adviser;

(d)

a relevant professional adviser;

(e)

other persons (not within paragraphs (a) to (d)) whose business consists of activities listed in paragraph 1(1) of Schedule 9.

(6)

“Required disclosure” has the same meaning as in section 330(5) or (as the case may be) section 331(5).

(7)

“Required notification” means a notification made for the purposes of condition 3 in section 339ZB(4).

(8)

For the purposes of subsection (5)—

(a)

“credit institution” has the same meaning as in Schedule 9;

(b)

“financial institution” means an undertaking that carries on a business in the regulated sector by virtue of any of paragraphs (b) to (i) of paragraph 1(1) of that Schedule;

(c)

“relevant professional adviser” has the meaning given by section 333E(5).

(9)

Schedule 9 has effect for determining what is a business in the regulated sector.