11 Sharing of information within the regulated sector
Criminal Finances Act 2017 (2017 c 22) | Legislation

11  Sharing of information within the regulated sector

After section 339ZA of the Proceeds of Crime Act 2002 insert—

“339ZB Voluntary disclosures within the regulated sector

(1)     A person (A) may disclose information to one or more other persons if conditions 1 to 4 are met.

(2)     Condition 1 is that—

(a)     A is carrying on a business in the regulated sector as a relevant undertaking,

(b)     the information on which the disclosure is based came to A in the course of carrying on that business, and

(c)     the person to whom the information is to be disclosed (or each of them, where the disclosure is to more than one person) is also carrying on a business in the regulated sector as a relevant undertaking (whether or not of the same kind as A).

(3)     Condition 2 is that—

(a)     an NCA authorised officer has requested A to make the disclosure, or

(b)     the person to whom the information is to be disclosed (or at least one of them, where the disclosure is to more than one person) has requested A to do so.

(4)     Condition 3 is that, before A makes the disclosure, the required notification

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