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Results: 1-10 of 1,164

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


Privy Council clarifies when innocent third parties are liable to victims of fraud
  • Cooley LLP
  • United Kingdom
  • April 28 2015

To what extent must a bank make inquiries as to the commercial purpose of a transaction, particularly a transaction involving an offshore structure


Market abuse update
  • Herbert Smith Freehills LLP
  • Australia, European Union, France, Hong Kong, United Kingdom, USA
  • December 15 2014

The FCA has continued to build on the strong track record of civil and criminal enforcement action against abusive conduct and manipulation, notably


Gambling, money laundering and reasonable suspicion: a bank’s right to freeze customer accounts
  • Burges Salmon LLP
  • United Kingdom
  • April 23 2015

In a case that provides a welcome clarification for financial institutions concerned about money laundering risks, the High Court has ruled, in Iraj


Former Tullett Prebon Group Ltd employee, Noel Cryan, pleads not guilty before Southwark Crown Court
  • Winston & Strawn LLP
  • United Kingdom
  • May 1 2015

On 17 April 2015, Mr Cryan appeared before the Court to enter his plea of not guilty against a charge of conspiracy to defraud in connection with the


Bribes and secret commissions: Supreme Court clarifies the principalagent relationship
  • Hogan Lovells
  • United Kingdom
  • October 28 2014

The Supreme Court in FHR European Ventures LLP ("FHR") and others v Cedar Capital Partners LLC ("Cedar") (2014) considers some 200 years of


Caught in the tangled web
  • Dentons
  • United Kingdom
  • April 27 2015

This is a case in which the claimant alleged that a bank held money on constructive trust for her. The bank said that it was a bona fide purchaser


Shah -v- HSBC Private Bank (UK) Limited 2012 EWHC 1283
  • A&L Goodbody
  • Ireland, United Kingdom
  • May 29 2012

The English High Court has delivered judgment in the long-running dispute between HSBC Private Bank and a former customer of HSBC, Mr. Jayesh Shah


Cross-border investigations update
  • Skadden Arps Slate Meagher & Flom LLP
  • China, United Kingdom, USA
  • October 14 2014

The inaugural edition of Cross-Border Investigations Update includes an overview of enforcement trends, including the increasing cooperation between U


BTA Bank ruling highlights important developments in cross-border fraud law
  • Hogan Lovells
  • United Kingdom
  • November 30 2012

Following an important Court of Appeal decision handed down this month in one of the biggest fraud cases ever to come before the English courts (JSC BTA Bank v Ablyazov), the former chairman of BTA Bank, Mukhtar Ablyazov, is to be debarred from defending BTA's fraud claims, which have a combined value of more than US$6 billion