Section 139Part 2 — The Financial Reporting Authority
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A person commits an offence if —
the person knows or suspects that an a ctivity in relation to which a disclosure is required to be made under this Act is about to take place, is taking place or has taken place (whether or not a disclosure has been or is likely to be made in relation thereto); and
the person makes a disclosure which is likely to prejudice any investigation which might be conducted following the disclosure referred to in paragraph (a) , (whether or not t he investigation is conducted) .
A person does not commit an offence under subsection (1) if —
the disclosure of the information was done in accordance with information sharing obligations under a financial group’s group - wide programmes against money laundering and terrorist financing as may be prescribed under section 145 ;
the disclosure is made in carrying out a function that person has relating to the enforcement of any provision of this Act or of any other enact ment relating to a criminal conduct or benefit from a criminal conduct ; and
the person is a professional legal adviser and the disclosure falls within subsection
. ( 3 ) A disclosure falls within this subsection if it is a disclosure —
to (or to a representative of) a client of the professional legal adviser in connection with the giving by the adviser of legal advice to the client; or
to any person in connection with legal proceedings or contemplated legal proceedings.
A disclosure does not fall within subsection (3) if it is made with the intention of furthering a criminal purpose.