SHAH AND ANOTHER v HSBC PRIVATE BANK (UK) LTD
[2009] Lloyd's Rep Plus 18
QUEEN’S BENCH DIVISION
Before Mr Justice Hamblen
Bank transfers – Delays – Bank reported a payment
instruction as suspicious under the Proceeds of Crime Act 2002 and did not
carry it out – Whether suspicion rationally held – Effects of failure to
execute payment instruction where suspicion not rationally held – Failure to
take reasonable care – Breach of confidence – Failure to comply with
instructions – Whether losses claimed recoverable – Proceeds of Crime Act 2002,
sections 333, 335 and 338.