In order to deliver a personalised, responsive service and to improve the site, we remember and store information about how you use it. This is done using simple text files called cookies which sit on your computer. By continuing to use this site and access its features, you are consenting to our use of cookies.
To find out more about the way Informa Law uses cookies please go to our Cookie Policy page. Close

N v S and the National Crime Agency

Lloyd's Law Reporter Financial Crime

N v S and the National Crime Agency

Suspected money laundering - Closure of bank accounts without notice - Arguable case for breach of contract - Mandatory injunction to re-open bank accounts - Interim declaration to protect bank against potential criminal liability - Proceeds of Crime Act 2002, Part 7

The claimant is an English company registered with the Financial Conduct Authority (FCA) as an authorised payment institution under the Payment Services Regulations 2009 (SI 2009 No 2475) and with HM Revenue & Customs (HMRC) under the Money Laundering Regulations 2007 (SI 2007) No 2157). It provided foreign exchange and payment services to its customers. It also supplied foreign exchange hedging services to corporate clients and investment funds, pre-paid cards for private clients' travel money and anti-money laundering services to funds and funds administrators. It had a full money laundering reporting and compliance team, and had not been the subject of any criticism or complaint by the relevant regulatory authorities.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?

Devices

Request a trial Find out more