Prevention of Money Laundering Act (Cap. 373), article 31

31. (1) Where, following an analysis of a report received by the Unit under article 16(1)( a) and of any other information relevant to that report, the Unit is of the opinion that a reas onable suspicion of money laundering or funding of terrorism or a reasonable suspicion that propert y may have derived directly or indirectly from, or constitutes the proceeds of criminal activi ty subsists, an analytical report dr awn up as is referred to under article 16(1)( a) shall be transmitted to the Police for further investigation. (2) The provisions of sub-article (1) shall also apply mutatis mutandis to any knowledge or suspicion of money laundering or the underlying criminal activity, or funding of terrorism, whic h the Unit may have gathered or formed from information in its possession without having received any report as is referred to under sub-article (1). (3) Where the Unit transmits information to the Police in pursuance of the provisions of sub-articles (1) and (2) and a s ubject person over which another authority or agency has supervisory o r regulatory functions is involved, the Unit shall inform the sai d authority or agency of actions taken. (4) Where the Unit transmits information to the Police in pursuance of sub-articles (1) an d (2) it shall thereafter trans mit to the Police any further relevant information in respect of the knowledge or suspicion communicated to the Police as aforesaid. (5) The Police shall, upon request and in a timely manner, inform the Unit on the use made of information provided by the Unit under this article and on the outcome of any investigation s carried out pursuant to the information provided. Feedback by competent authorities. Added by: XXVIII. 2017.18.