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AML information sharing in the regulated sector for NCA SARs: POCA 2002 ss.339ZB–ZG joint disclosure (superSARs) and ECCTA 2023 confidentiality protections

Published on: 11 March 2025

Published by a LexisNexis Practice Compliance expert

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Article summary

See Q&A: Is it possible for a firm supervised for anti-money laundering purposes to share information with another professional who is supervised for AML purposes, in the context of potentially submitting a suspicious activity report to the National Crime Agency?

Sections 339ZB to 339ZG of the Proceeds of Crime Act 2002 (POCA 2002) address how suspicious activity is handled within the regulated sector as follows:

POCA 2002, s 339ZB permits voluntary disclosures and disclosures made by an individual working in a regulated sector business to another person in a regulated sector business, or to the National Crime Agency (NCA), where requested by the NCA or by that other regulated sector person
POCA 2002, s 339ZC describes the type of information a disclosure request must include and provides for the necessary notifications

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