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Anti-money laundering legislation (Suspicious activity reports (The…

- - - - Section 333A(1): Disclosing a suspicious activity report. It is an offence to disclose to a third person that a SAR has bene made by any person to the police, HMRC, the NCA or a nominated officer, if that disclosure might prejudice any investigation that might be carried out as a result of the SAR. This offence can only be committed:
        
        after a disclosure to the NCA or a nominated officer
        
        if the OSP knows or suspects that by disclosing this information, they are likely to prejudice any investigation related to that SAR
        
        the information upon which the disclosure is based came to the OSP in the course of business in the regulated sector
      - Section 333A(3): Disclosing an investigation. It is an offence to disclose that an investigation into a money laundering offence is being contemplated or carried out if that disclosure is likely to prejudice that investigation. The offence can only be committed if the information on which the disclosure is based came to the person in the course of business in the regulated sector. The key point is that a person or an OSP can commit this offence, ever where they are unaware that a SAR was submitted