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Results: 1-10 of 535

Preview of 2017
  • Herbert Smith Freehills LLP
  • European Union, OECD, United Kingdom
  • January 10 2017

2017 will see major changes to the UK legal landscape, with Article 50 of the Treaty on European Union expected to be triggered by the end of March


The Fraud Act 2006 - the crackdown on fraud continues: no gain, no matter
  • Herbert Smith Freehills LLP
  • United Kingdom
  • January 18 2007

On 15 January 2007 the latest weapon in the fight against Financial Crime came into force in the form of the Fraud Act 2006


What is a trust or company service provider?
  • Herbert Smith Freehills LLP
  • United Kingdom
  • August 15 2008

Following the coming into force of the Money Laundering Regulations 2007 (the Regulations) in December 2007 there was concern as to the scope of "Trust or Company Service Provider"


Shah v HSBC: High Court clarifies bank's duties to customers when making SARs
  • Herbert Smith Freehills LLP
  • United Kingdom
  • May 22 2012

The High Court has clarified the extent to which banks are required to disclose information to their customers about whom they have made money laundering disclosures or have obligations to such customers which could expose them to liability in the event that the banks' money laundering disclosures causes loss to those customers


Myanmar investment guide - April 2016
  • Herbert Smith Freehills LLP
  • Australia, Global, United Kingdom
  • June 28 2016

After gaining its independence from the British in 1948, Myanmar1 entered a period of armed conflict and political instability. Following a


Shah v HSBC: Court of Appeal says fact of suspicions of money laundering can be tested at trial
  • Herbert Smith Freehills LLP
  • United Kingdom
  • February 12 2010

Last year, HSBC was successful in obtaining summary judgment on a claim brought by one of its customers, Mr Shah (and his wife


European Commission proposal to amend and fast-track Fourth Money Laundering Directive
  • Herbert Smith Freehills LLP
  • European Union, United Kingdom
  • July 21 2016

On 5 July 2016, the European Commission approved a proposal (20160208 (COD)) (the “Proposal”) to implement a number of amendments and additions to


Shah v HSBC: what duties do banks owe their customers when making SARs?
  • Herbert Smith Freehills LLP
  • United Kingdom
  • April 24 2009

Earlier this year, the High Court considered a claim by a customer against his bank in relation to its failure to process transactions whilst requests for consent under the Proceeds of Crime Act 2002 (POCA) were pending with the Serious Organised Crime Agency (SOCA


Sanctions Update - HMT consultation on monetary penalty regime for enforcing financial sanctions
  • Herbert Smith Freehills LLP
  • United Kingdom
  • December 16 2016

In April, we published an e-bulletin on some of the changes being introduced in relation to the UK's implementation and enforcement of financial


The UK’s risk-based approach to the “Politically Exposed Persons” regime - section 30 of the Bank of England and Financial Services Act 2016
  • Herbert Smith Freehills LLP
  • United Kingdom
  • May 25 2016

The Bank of England and Financial Services Act 2016 (the "Act") paves the way for a more risk-based approach to the Politically Exposed Persons