Part III Terrorist Property
Offences
21CAF1F2Voluntary disclosures within the regulated sector
1
A person (A) may disclose information to one or more other persons if—
a
conditions 1 to 4 are met, and
b
where applicable, condition 5 is also 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
a constable 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
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
a suspicion that a person is involved in the commission of a terrorist financing offence, or
b
the identification of terrorist property or of its movement or use.
6
Condition 5 is that, before making the disclosure request, the person making the request (or at least one of them, where the request is made by more than one person) has notified a constable that the request is to be made.
7
Condition 5 does not apply where the disclosure request concerned is made by a constable.
8
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 of the kind mentioned in paragraph (a) or (b) of subsection (5).