{
  "url": "https://openlegislation.uk/proceeds-of-crime-act-2002/section-366",
  "json_url": "https://openlegislation.uk/proceeds-of-crime-act-2002/section-366.json",
  "legislation": "ukpga/2002/29",
  "legislation_title": "Proceeds of Crime Act 2002",
  "legislation_url": "https://openlegislation.uk/proceeds-of-crime-act-2002",
  "path": "section/366",
  "kind": "section",
  "number": "366",
  "heading": "Offences",
  "text": "(1) A financial institution commits an offence if without reasonable excuse it fails to comply with a requirement imposed on it under a customer information order.\n(2) A financial institution guilty of an offence under subsection (1) is liable on summary conviction to a fine not exceeding level 5 on the standard scale.\n(3) A financial institution commits an offence if, in purported compliance with a customer information order, it—\n(a) makes a statement which it knows to be false or misleading in a material particular, or\n(b) recklessly makes a statement which is false or misleading in a material particular.\n(4) A financial institution guilty of an offence under subsection (3) is liable—\n(a) on summary conviction, to a fine not exceeding the statutory maximum, or\n(b) on conviction on indictment, to a fine.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "S. 366 applied (1.4.2003) by The Proceeds of Crime Act 2002 (Investigations in different parts of the United Kingdom) Order 2003 (S.I. 2003/425), arts. 1, 20(2)"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "S. 366 applied (1.4.2003) by The Proceeds of Crime Act 2002 (Investigations in different parts of the United Kingdom) Order 2003 (S.I. 2003/425), arts. 1, 29(1), (2)"
    },
    {
      "type": "C",
      "label": "C3",
      "text": "S. 366 applied (1.4.2003) by The Proceeds of Crime Act 2002 (Investigations in different parts of the United Kingdom) Order 2003 (S.I. 2003/425), arts. 1, 10(2), 20(2), 29(1)(2), 30(1)(2)"
    },
    {
      "type": "C",
      "label": "C4",
      "text": "S. 366 applied (1.4.2003) by The Proceeds of Crime Act 2002 (Investigations in different parts of the United Kingdom) Order 2003 (S.I. 2003/425), arts. 1, 30(1), (2)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 366 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2002/29/section/366",
    "retrieved_at": "2026-10-29T09:19:19.387180+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}