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Shah v. HSBC – Potential Liability for Reporting Money Laundering Suspicions, Part 1
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Shah v. HSBC – Potential Liability for Reporting Money Laundering Suspicions |
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Authors: | | Christopher Cope, Sean Dowling |
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May 2010 |
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| Synopsis: |
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The case of Shah & Anor v. HSBC Private Bank (UK) Ltd [2010] EWCA Civ 31 may mean organisations may not be afforded protection against later civil action where they report suspicions of money laundering. It is yet to be determined whether a bank will ultimately be accountable to its customer for any loss alleged to be suffered from making the suspicious activity reports. |
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| Practice Area: | | Litigation and Insolvency |
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| Jurisdiction: | | Isle of Man |
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| Download: |
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File size: 467 KB - Number of pages: 2 |
For more information download: Shah v. HSBC – Potential Liability for Reporting.
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