Money Laundering Bulletin – Twin peaks – leading cases in 2010

11 Sep 2012

There have been two cases of significant interest to practitioners in the field of criminal litigation and money laundering compliance this year, write Peter Binning and Charles Elton of Corker Binning. The first, in February, was the case of Shah v HSBC Private Bank (UK) Ltd [2010] EWCA Civ 31; [2010] Bus LR 1514 about the remedies available to a customer faced with a bank failing to carry out instructions and the second, in July, was the case of R v Geary [2010] EWCA Crim 1925, in which the Court of Appeal gave some useful guidance on the interpretation of “criminal property” for the purposes of “arrangements” under section 328 of the Proceeds of Crime Act 2002 (POCA).

To read the full bulletin please click here (http://corkerbinning.com/files/news/MLB12012011CorkerBinning.pdf).