331 Failure to disclose: nominated officers in the regulated sector
Proceeds of Crime Act 2002 (2002 c 29) | Legislation

331  Failure to disclose: nominated officers in the regulated sector

(1)     A person nominated to receive disclosures under section 330 commits an offence if the conditions in subsections (2) to (4) are satisfied.

(2)     The first condition is that he—

(a)     knows or suspects, or

(b)     has reasonable grounds for knowing or suspecting,

that another person is engaged in money laundering.

(3)     The second condition is that the information or other matter—

(a)     on which his knowledge or suspicion is based, or

(b)     which gives reasonable grounds for such knowledge or suspicion,

came to him in consequence of a disclosure made under section 330.

[(3A)     The third condition is—

(a)     that he knows the identity of the other person mentioned in subsection (2), or the whereabouts of any of the laundered property, in consequence of a disclosure made under section 330,

(b)     that

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