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Disclosing names of bank officials who report suspicions of money laundering

18 October 2011 | Steven Mills Comments Off

This Court of Appeal decision raised the important question whether a bank’s obligation to make standard disclosure requires it to reveal the names of the bank employees who report suspicions of money...

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Money laundering – do you need to disclose bank employee details?

7 July 2011 | Steven Mills Comments Off

Last year, the Court of Appeal decided that a claimant was entitled to require a bank to prove its case that it was obliged to make a number of authorised disclosures to the Serious Organised Crime Agency. ...

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RTFQ

14 February 2011 | Shimon Shaw

By which I obviously mean Read The Full Question.  It’s common sense really – don’t act until you are in full possession of all the facts.  The following is a tale of woe that shows what can...

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Exploring a bank’s suspicions of money laundering

9 February 2010 | Steven Mills Comments Off

The Proceeds of Crime Act 2002 (“the Act”) provides obligations on a bank to notify the authorities if they suspect a customer of money laundering.  As the Court of Appeal noted, a bank is in the...

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