Authorised disclosure

Form and manner to be prescribed

Generally

Made before offence: seven-day notice period

Defences

Disclosure

Overseas conduct not lawful in country concerned

Definitions

Criminal conduct

Criminal property

Generally

Money laundering

Property

Implications for tax advisers

Money laundering offences

Acquiring, using or possessing criminal property

Being concerned in an arrangement

Concealment

Defences

Failure to report suspicion

Generally

Penalties

Those of major concern to tax advisers

Tipping-off

Nominated officer's role

Tax advisers

Being concerned in arrangements

Generally

Implications for

Reporting suspicions