High Court considers disclosure obligations under Part 7 of POCA | Practical Law

High Court considers disclosure obligations under Part 7 of POCA | Practical Law

In the case of Shah & Anor v HSBC Private Bank (UK) Ltd. [2009] 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).

High Court considers disclosure obligations under Part 7 of POCA

Practical Law UK Legal Update Case Report 3-385-4947 (Approx. 3 pages)

High Court considers disclosure obligations under Part 7 of POCA

by PLC Financial Services
Published on 19 Mar 2009
In the case of Shah & Anor v HSBC Private Bank (UK) Ltd. [2009] 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).