(1) A relevant firm 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 any provision of Part 3 (Finance) or regulation 36 (finance: licensing offences), and

(b) the information or other matter on which the knowledge or cause for suspicion is based came to it in the course of carrying on its business.

(2) Where a relevant firm informs the Treasury under 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) Paragraph (4) applies if -

(a) a relevant firm informs the Treasury under paragraph (1) that it knows, or has reasonable cause to suspect, that a person is a designated person, and