15 June 2012
The London Litigation Letter - Suspicious minds – Court holds bank entitled to refuse to execute a payment instruction if it suspects money laundering
The English Court has recently confirmed that a bank has the right to delay a customer's payment request and does not have to inform the customer why it has done so where it suspects that the transaction involves money laundering.
In this briefing we consider the judgment, and its wider implications for the banker-customer relationship.
Authors More informationDownloads Register your interest