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Home / Simons-Taxes /Administration and compliance /Part A7 Money laundering and tax avoidance schemes /Division A7.1 Money laundering /The Proceeds of Crime Act 2002 / A7.106 Money laundering offences—failure to disclose—other nominated officers
Commentary

A7.106 Money laundering offences—failure to disclose—other nominated officers


Administration and compliance

An MLRO nominated to receive protected disclosures under section 337 (see A7.108) or authorised disclosures under section 338 (see A7.103) (who is of course the same person as the one nominated under the provisions described in A7.105) also commits an offence if:

  1. Ìý

    (a)ÌýÌýÌýÌý he knows or suspects that another person is engaged in money laundering

  2. Ìý

    (b)ÌýÌýÌýÌý the information or other matter on which his knowledge or suspicion is based came to him in consequence of a disclosure made under section 337 or 338, and

  3. Ìý

    (c)ÌýÌýÌýÌý either:

    1. Ìý

      –ÌýÌýÌýÌý he knows the identity of the other person mentioned in (a), or the whereabouts

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