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Section 339ZB: Voluntary disclosures within the regulated sector

Proceeds of Crime Act 2002 · 2002 c. 29View on legislation.gov.uk

Part 7: Money Laundering

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

Condition 1 is that—

A is carrying on a business in the regulated sector as a relevant undertaking,
the information on which the disclosure is based came to A in the course of carrying on that business, and
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).

Condition 2 is that—

an NCA authorised officer has requested A to make the disclosure, or
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.

Condition 3 is that, before A makes the disclosure, the required notification has been made to an NCA authorised officer (see section 339ZC(3) to (5)).

Condition 4 is that A is satisfied that the disclosure of the information will or may assist in determining any matter in connection with a suspicion that a person is engaged in money laundering.

A person may disclose information to A for the purposes of making a disclosure request if, and to the extent that, the person has reason to believe that A has in A's possession information that will or may assist in determining any matter in connection with a suspicion that a person is engaged in money laundering.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.