SHAH AND ANOTHER v HSBC PRIVATE BANK (UK) LTD

[2009] 1 Lloyd's Rep. 328

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.