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.
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).
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).
Australia, European Union, United Kingdom, USA - September 5 2012 The SFO has announced that Paul Jennings, former CEO of Innospec Ltd, has pleaded guilty to one charge of conspiracy to corrupt Iraqi public officials and other agents of the Iraqi Government.
United Kingdom - February 16 2010 In December 2009, Hamblen J gave a summary judgment in the case of Shah and Another v HSBC Private Bank (UK) Limited against Mr Shah (and his wife).