<P> The person in a company responsible for receiving employees' reports of their suspicions and ensuring that, when appropriate, the information or other matter leading to knowledge or suspicion, or reasonable grounds for knowledge or suspicion, of money laundering is properly disclosed to the relevant authority is referred to in the legislation as the "nominated officer" but in practice is more commonly known as the Money laundering reporting officer (MLRO) </P> <P> Parts 8 to 12 of the Act make further provisions with regard to investigation of suspected offences, international co-operation, etc . </P> <P> Importantly it is a criminal offence to impede a money laundering investigation by the authorities by the concealing, destroying or falsifying of documents relevant to the investigation or by the making of a disclosure of information which prejudices the investigation . The offence carries a maximum punishment of 5 years imprisonment . </P>

Who does the proceeds of crime act apply to