The Proceeds of Crime Act 2002 and Money Laundering Regulations 2003 (Amendment) Order 2006
Section 330 of the Proceeds of Crime Act 2002 requires a person to make a disclosure in accordance with section 330(4) (as substituted by section 104(3) of the Serious Organised Crime and Police Act 2005) where he knows or suspects, or has reasonable grounds for knowing or suspecting, that another person is engaged in money laundering and the information or other matter came to him in the course of a business in the regulated sector. Schedule 9 to that Act (as amended by the Proceeds of Crime Act 2002 (Business in the Regulated Sector and Supervisory Authorities) Order 2003 (S.I. 2003/3074)) has effect for determining what is a business in the regulated sector. Failure to make such a disclosure is an offence under section 330(1).