High Court considers disclosure obligations under Part 7 of POCA
Resource type: Legal Update: Case Report
Published on 19-Mar-2009
In the case of Shah & Anor v HSBC Private Bank (UK) Ltd.  EWHC 79 (QB) the High Court considered a bank's duty to its customers where the bank suspected that transfers it was instructed to make constituted money laundering, compelling it to make an authorised disclosure under Part 7 of the Proceeds of Crime Act 2002 (POCA).
PLC Financial Services
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