The High Court has heard an application for a mandatory injunction from a payment institution whose accounts a bank had closed following suspicions of money laundering (ML) relating to some clients. The judgment anonymises the parties. The bank had become suspicious about certain of the claimant’s customers, in relation to which the claimant had already been carrying out retrospective reviews. The bank froze the accounts and the claimant agreed they should remain frozen. The bank then froze all the claimant’s accounts with it and suspended its access to its online fx liquidity platform and other facilities. It continued to accept payments but the claimant could not tell what payments had been received. It started proceedings, and on the following day the bank gave notice it was terminating all the claimant’s accounts with it. The bank had previously made several suspicion reports to NCA, all requesting consent to return funds to the claimant on termination of the banking relationship. NCA had given consent. The claimant said the bank’s actions would put it out of business and queried whether the bank had the right to terminate the relationship. The bank said that if the court granted the claimant the protection it sought, it should also give the bank protection from any allegations of breach of the Proceeds of Crime Act. Burton J decided he had to grant the claimant’s application and, therefore, would also have to give the bank the protection it sought. (Source: Court grants injunction to protect bank from ML concerns)