Prevention of Money Laundering Act (Cap. 373), article 30

30. (1) When the Unit receives a report as is referred to in article 16(1)( a) or when from information in its possession the Unit suspects that any subject person may have been used for any transaction suspected to involve money laundering, funding of terrorism or property that may have derived directly or indirec tly from, or constitutes the proceeds of , criminal ac tivity, the Un it may demand from the subject person making the report or from the subject person which is suspected of having been used for any transaction suspected to involve money laundering, funding of terrorism or property that may have derived directly or indirec tly from, or constitutes the proceed s of, criminal activity, as wel l as from any other subject person, the police, any Government Ministry, department, agency or other public authority, or any other person, physical or legal, and from any supervisory authority, any additional information that it deems useful for the purpose of integrating and analysing the report or information in its possession. Cap. 377. Cap. 9. (2) Notwithstanding anything contained in the Professional Secrecy Act and any obligation of secrecy or confidentiality under any other law the subject person or any other person, physical or legal, and any authority or entity from whom information is demanded by the Unit in pursuance of the provisions of sub-arti cle (1) shall communicate the inform ation requested to the Unit and for the purposes of article 257 of the Criminal Code any such disclosure shall be deemed to be a disclosure of information to a public authority compelled by law: Cap. 9. Cap. 12. Provided that nothing in this sub-article shall imply any obligation on the Attorney General to communicate to the Unit a ny information which in any way relates to or is connected with or came into his possession as a res ult of the exercise by him of any powers referred to in article 91(3) of the Constitution or any obligation on any person to communicate to the Unit any information which would in legal proceedings be protected from disclosure by article 642(1) of the Criminal Code or by article 588(1) of the Code of Organization and Civil Procedure . (3) Any information which the Unit demands in pursuance of sub-article (1) shall be provided in a timely manner and within such time period as the Unit may direct , or as may be established by regulations made under this Act. 36 CAP. 373.] PREVENTION OF MONEY LAUNDERING Power of Unit to demand information under article 16. Added by: XIII. 2004.126. Amended by: III. 2015.16.