Commentary

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

Administration and compliance

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

A7.106 Money laundering offences—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:

    1.  

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

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