Section 339ZE: Limitations on application of section 339ZD(2) and (3), Proceeds of Crime Act 2002

Subsections (2) and (3) apply in a case where the required notification is made by A (notification made as a result of disclosure request received from NCA authorised officer).

Section 339ZD(2) has effect in the case of A, B or C only so far as relating to—

the suspicion in connection with which the required notification is made, and

matters known, suspected or believed as a result of the making of the disclosure request concerned.

Accordingly, section 339ZD(2) does not remove any requirement to make the required disclosure in relation to anything known, suspected or believed that does not result only from the making of the disclosure request.

Subsections (5) to (7) apply in a case where the required notification is made by B (notification made as a result of disclosure request received from another undertaking in the regulated sector).

Section 339ZD(2) has effect in the case of A or C only so far as relating to—

the suspicion in connection with which the notification by B is made, and

matters known, suspected or believed by A or C as a result of the making of that notification.

Section 339ZD(2) has effect in the case of B only so far as relating to—

the suspicion in connection with which the notification is made, and

matters known, suspected or believed by B at the time of the making of the notification.

If a joint disclosure report is not made before the end of the applicable period (whether the required notification was made by A or B), section 339ZD(2)—

has effect only so far as relating to any requirement to make the required disclosure that would have otherwise arisen within that period, and

does not remove a requirement to make the required disclosure so far as arising after the end of that period on the part of any person in respect of matters that may become known, suspected or believed by the person after the time when the required notification was made.

If a joint disclosure report is not made before the end of the applicable period, the person who made the required notification must notify an NCA authorised officer that a report is not being made as soon as reasonably practicable after the period ends.

Section 339ZD(3) has effect only so far as relating to—

the suspicion in connection with which the report is made, and

matters known, suspected or believed at the time of the making of the report.

Terms used in this section have the same meanings as in section 339ZD.

Section 339ZE: Limitations on application of section 339ZD(2) and (3)

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