7A. Tipping-off

Where a moneylender reasonably believes that a borrower, or any agent, connected party or beneficial owner of a borrower, may be engaged in money laundering, terrorism financing or proliferation financing, and the moneylender has reasonable grounds to believe that the performance of any CDD measure will tip-off that person, the moneylender —

need not perform that CDD measure; but(b)must comply immediately with section 45(1) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 or Part 3 of the Terrorism (Suppression of Financing) Act 2002 (as the case may be).