An accountant working in the regulated sector tells a client that she has made a report to the authorities about the client's suspicious transactions, knowing this is likely to prejudice an investigation. Which offence under the Proceeds of Crime Act 2002 has she most likely committed?

Correct answer: B) Tipping off

Explanation

Tipping off (s333A Proceeds of Crime Act 2002) occurs where a person in the regulated sector discloses that a suspicious activity report has been made, or that an investigation is contemplated or being carried out, and the disclosure is likely to prejudice an investigation. Failure to disclose is the opposite situation, where a person fails to report knowledge or suspicion of money laundering. The other offences relate to securities dealing and insolvency.