Reporting obligations of relevant institutions
1. A relevant institution must inform the Treasury as soon as practicable if -
(a) it knows, or has reasonable cause to suspect, that a person -
(i) is a designated person, or
(ii) has committed an offence under regulation 9 or 14, and
(b) the information or other matter on which the knowledge or suspicion is based came to it in the course of carrying on its business.
(2) Where a relevant institution informs the Treasury under sub-paragraph (1), it must state -
(a) the information or other matter on which the knowledge or suspicion is based, and
(b) any information it holds about the person by which the person can be identified.
(3) Sub-paragraph (4) applies if -
(a) a relevant institution informs the Treasury under sub-paragraph (1) that it knows, or has reasonable cause to suspect, that a person is a designated person, and
(b) that person is a customer of the institution.
(4) The relevant institution must also state th