Commentary

A7.106 Failure to disclose—other nominated officers

Administration and compliance

A7.106 Failure to disclose—other nominated officers

A7.106 Failure to disclose—other nominated officers

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.  

    (a)     he knows or suspects 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 section 337 or 338, and

  3.  

    (c)     either:

  4.  

    (d)    

    1.  

      –     he knows the identity of

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