Paragraph 2 I1I2

The Proceeds of Crime Act 2002 is amended as follows.

In section 330 (failure to disclose: regulated sector), after subsection (7D) insert—

“(7E)

Nor does a person commit an offence under this section if—

(a)

the information or other matter mentioned in subsection (3) consists of or includes information that was obtained only in consequence of complying with an eligibility verification notice given to the person under paragraph 1(1) of Schedule 3B to the Social Security Administration Act 1992, and

(b)

but for the information so obtained the person would not know or suspect, or have reasonable grounds for knowing or suspecting, that another person is engaged in money laundering.”

In section 331 (failure to disclose: nominated officers in the regulated sector), after subsection (6B) insert—

“(6C)

Nor does a person commit an offence under this section if—

(a)

the information or other matter mentioned in subsection (3) consists of or includes information that was obtained only in consequence of complying with an eligibility verification notice given to the person under paragraph 1(1) of Schedule 3B to the Social Security Administration Act 1992, and

(b)

but for the information so obtained the person would not know or suspect, or have reasonable grounds for knowing or suspecting, that another person is engaged in money laundering.”