Under UK anti-money-laundering law, an accountant who suspects money laundering tells the client that a report has been made to the authorities. Which offence may the accountant have committed?

Correct answer: B) Tipping off

Explanation

Tipping off is the offence of disclosing that a suspicious activity report has been made, or that an investigation is under way or contemplated, where the disclosure is likely to prejudice an investigation (Proceeds of Crime Act 2002, s333A, which applies to the UK regulated sector, including accountants). Placement is a stage of laundering, and insider dealing and fraudulent trading are unrelated offences.