Commentary

A7.105 Money laundering offences—failure to disclose: nominated officers in the regulated sector

Administration and compliance

A7.105 Money laundering offences—failure to disclose: nominated officers in the regulated sector

A7.105 Money laundering offences—failure to      disclose: nominated officers in the regulated sector

An MLRO nominated to receive disclosures under the      provisions described in A7.104 commits an offence if:

  1.  

    (a)     he knows or suspects (or has reasonable grounds for knowing or      suspecting) that another person is engaged in money      laundering

  2.  

    (b)     the information or other matter on which his knowledge or      suspicion is based came to him in consequence of a disclosure made under      the provisions described in A7.104

  3.  

    (c)     either:

    1.  

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

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